The General Authority for Military Industries (GAMI) announced that the localization rate of military spending in Saudi Arabia reached 24.89% by the end of 2024. The Kingdom aims to achieve over 50% localization in the defense industry by 2030. GAMI made the announcement during the Annual Military Industries Sector Meeting held in Riyadh.
GAMI: Increase Driven by Regulatory Developments and Supply Chain Growth
In its statement, GAMI noted that the achieved localization rate was made possible through the development of regulatory and legislative frameworks, the growth of Saudi supply chains, and the promotion of investments. The Authority emphasized that this progress reflects ongoing efforts to empower national capabilities and enable them to contribute to the future of the defense industry. The rise in the localization rate is seen as part of Saudi Arabia’s broader strategy to build a national defense industry and enhance its strategic autonomy.
International Cooperation Continues
GAMI also stated that it continues to maintain international partnerships with leading global manufacturers to facilitate technology transfer and localize industrial capabilities. Major defense companies operating within the Kingdom continue to draw attention. During the annual meeting, Saudi Arabian Military Industries (SAMI), Lockheed Martin, and Roketsan Saudi Arabia shared their experiences in the Saudi market during a session titled “Developing Local Supply Chains for Global Military Industry Companies.”
