The General Authority for Military Industries (GAMI) has announced granting licenses to 18 new companies to engage in the military industries sector in the Kingdom of Saudi Arabia. The companies were able to obtain their licenses through E-portal, developed by the Authority without the need to come to the headquarters. This came in order to take preventive and precautionary measures to face COVID-19, and to enable local manufacturers advance this promising sector, which brings the total number of companies licensed by the authority to 38 national companies operating in the field of military industries with an expected investment volume of SR 9.5 billion. This announcement comes to achieve GAMI's strategy to localize more than 50% of the Kingdom's spending on military equipment and services, as GAMI developed a special platform to receive requests for issuing licenses in the areas of military manufacturing, military service provision, and supply of military products or services, which will enable local manufacturers to develop military industries, research and security technology in the Kingdom of Saudi Arabia.
