The Saudi General Authority for Military Industries (GAMI) unveiled a raft of investment opportunities in the local military industries sector. In the first phase, 10 investment opportunities are offered for military and civilian applications, including batteries, optic fibers, electric cables and wires, mechanical transmission components, aircraft fans, pipes and hoses, valves, electrical engines, pumps, electronic circuits, in addition to brakes, axes, and wheels. This major move to boost the Saudi defense sector is part of the outputs of the Investor Empowerment Program, through supply chains in the sector that it previously launched. Eng. Ahmed Al-Ohali, governor of GAMI, appreciated Minister of Investment Khaled Al-Falih for the support provided by the ministry in enabling local and international investors through the “Invest in Saudi Arabia” platform to access the sector’s investment opportunities in an easier and smoother way. “The opportunities available through the website and the ‘Invest in Saudi Arabia’ platform aim to provide attractive returns for investors and those interested in establishments operating in the sector, including manufacturers and service providers. These also target support industries that have the opportunity to serve the sector and the country, and meet the strategic priorities of military readiness,” he said. Al-Ohali urged investors and those interested to visit its website and communicate with the work team to answer any inquiries, and to know more about the opportunities, and enable access to them, via the designated e-mail.
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