Saudi Arabia Military Industries (SAMI)
SAMI, plays a key role in localizing 50 percent of the Kingdom’s total government military spending in line with Saudi Vision 2030 objectives. It operates across five business divisions– Aeronautics, Land Systems, Naval Systems, Weapons & Missiles, and Defense Electronics – and aims to be among the top 25 military industries companies in the world by 2030. SAMI has already formed joint ventures with a number of U.S. companies, and is looking for new partners.
Featured Speakers:
- Jim Golsen, Counselor for Commercial Affairs,
- U.S. Commercial Service
- Eng. Walid Abukhaled, CEO, SAMI
- Moderator: Erik Hunt, International Trade Specialist, U.S. Commercial Service
Saudi Arabia Defense Market
Saudi Arabia was the sixth-largest defense spender in the world in 2021, and it will spend $46 billion in defense in 2022. Engage with Eng. Walid Abukhaled, CEO, Saudi Arabian Military Industries (SAMI) – the Kingdom’s national champion driving the transformation of the Saudi Arabia’s defense industry sector.
The potential for U.S. companies in Saudi Arabia’s defense sector is tremendous.
- Saudi Arabia’s evolution was when King AbdulAziz met President Roosevelt aboard the U.S.S. Quincy 77 years ago to the vibrant G20 economy and important U.S. defense and trade partner it is today is truly remarkable.
- Today, the $54 billion U.S.-Saudi Arabia trade and investment relationship creates thousands of jobs in both Saudi Arabia and the United States.
- The defense sector certainly accounts for a significant portion of the U.S.-Saudi Arabia trade relationship. Over 70 percent of Saudi Arabia’s defense contracts are with the United States.
