PRESSTV.COM September 9, 2019 – Saudi Arabia mentioned
on Sunday it had begun accepting license applications for firms in the military
industrial sector, a key target beneath plans to diversify the kingdom’s
economy away from oil exports.
Basic Authority for Military Industries (GAMI) will license corporations to
manufacture firearms, ammunition, military explosives, military gear,
person military gear, and military electronics, state news agency SPA
is necessary to meet reforms announced by Crown Prince Mohammed bin Salman who
desires Riyadh to generate or assemble half its defence gear locally in order
to generate 40,000 jobs for Saudis by 2030.
Arabia, a single of the world’s top rated arms importers, says it has launched a plan
to license firms in search of to participate in its personal military industrial sector.
Basic Authority for Military Industries (GAMI) announced on Sunday the start off
of getting license applications for firms to manufacture firearms,
ammunition, military explosives, military gear, person military
gear, and military electronics in the kingdom.
Governor Ahmed al-Ohali described the move as a considerable step towards
attracting domestic and foreign investment to the sector, state-run Saudi
Press Agency (SPA) reported.
Arabia’s de facto ruler Crown Prince Mohammed bin Salman, who has drawn
criticism for following confrontational policies in the area, has currently
mentioned he desires the kingdom to generate or assemble half of its military
2015 – only two months just after getting appointed as defense minister, the young
prince authorized the ongoing Saudi-led war against Yemen. Riyadh and its
allies — which includes the United Arab Emirates — have sparked outrage by major
a war that has killed thousands of Yemeni civilians.
invaded Yemen in a bid to reinstall the former Saudi-allied regime and
eradicate the Houthi Ansarullah movement, but it has failed to attain any of
January 2016, Riyadh severed diplomatic relations with Tehran more than angry
protests in Iran following the execution of a Shia cleric in Saudi Arabia.
The Stockholm International Peace Analysis Institute (SIPRI) reported earlier this year that Saudi Arabia became the world’s top rated arms importer just after its arms imports in 2014-2018 elevated by 192 %, compared to the preceding 5 years. [Read More]