MODON, GAMI sign deal to promote investments in Saudi military sector

article author: 

SPA

Thu, 2019-11-14 06:22

The Saudi Authority for Industrial Cities and Technology Zones (MODON) and the General Authority for Military Industries (GAMI) have announced the launch of strategic cooperation, aiming to encourage the localization of military industries in the Kingdom.

The cooperation supports the localization of 50 percent of the expenditure in military industries through Vision 2030, making it an important pillar for economic development, increasing its contribution to local products and opening job opportunities for Saudis.

Main category: 

Saudi Arabia

Tags: 

Saudi Authority for Industrial Cities and Technology Zones (MODON)

General Authority for Military Industries (GAMI)

Vision 2030

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