Saudi Arabian Military Industries (SAMI) is a Saudi Arabian state-owned military industries company launched in May 2017.
Working under the directives outlined in the Saudi Vision 2030 blueprint, SAMI is expected to play a key role in localizing the Kingdom’s total government military spending, increasing domestic procurement to 50% by the year 2030.
SAMI aims to be among the top 25 military industries companies in the world by 2030, combining the latest technologies and the best national talent to develop military products and services at par with international standards, increasing exports and bringing foreign investment to the Kingdom’s military industries sector.
SAMI will invest in the development of new technologies, and manufacture products and provide services across four business divisions, namely Aeronautics, which includes maintenance and repair of aircraft as well as manufacturing and repair of unmanned aerial vehicles (UAVs); Land Systems, which includes manufacturing, maintenance, and repair of military vehicles; Weapons and Missiles, including ammunition; and Defense Electronics, which includes radars and sensors as well as communication systems, electronic warfare, and cyberwarfare.
With Saudi Arabia among the world’s top five spenders on security and defense, SAMI’s targets set forth for 2030 include a direct contribution of around SAR 14 billion (USD 3.7 billion) to the Kingdom’s GDP, investment of over SAR 6 billion (USD 1.6 billion) for research and development to ensure complete alignment with the latest industry trends and advancements, and creation of over 40,000 direct jobs locally.
SAMI is wholly owned by Saudi Arabia’s sovereign wealth fund, the Public Investment Fund (PIF), with H.E. Ahmed Al-Khateeb serving as Chairman of the Board, and Dr. Andreas Schwer as Chief Executive Officer.