Saudi Arabia to invest $20 bn in the domestic military industry

Beefing up the Saudi Arabia’s plan to boost domestic military industry spending, the Governor of General Authority for Military Industries (GAMI) has said, “The Saudi Government will over $20 billion in its domestic military industry over the next decade.”

Speaking at the Defence Conference in Abu Dhabi, Abdul Aziz Al Ohali, Governor of GAMI said, “The government has put a plan that it will be investing more than $10 billion in the military industry in Saudi Arabia and an equal amount on research and development.”

“The kingdom plans to increase the military research and development (R&D) spending from 0.2% to around 4% of armaments expenditure by 2030,” Ohali added.