Which Saudi company plans to produce drones and munitions?

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Saudi Arabian Military Industries (SAMI) Plans Drone and Munitions Production

Saudi Arabian Military Industries (SAMI) has announced plans to produce a Saudi-made drone and establish one of the world's largest munitions factories. These initiatives are part of a broader national strategy to increase domestic military production and spending. SAMI is a key entity in the kingdom's efforts to localise its defence sector.
Domestic Drone Production Initiative

SAMI intends to develop and manufacture drones within Saudi Arabia, signifying a move towards self-sufficiency in advanced military technology. This project aims to build local capabilities in a critical area of modern defence. The specific types or timelines for the drone production were not detailed in the initial reports.
Establishment of a Major Munitions Factory

In addition to drone manufacturing, SAMI plans to establish a substantial munitions factory, described as one of the largest globally. This facility is expected to significantly enhance the kingdom's capacity for producing essential military supplies. The scale of this factory suggests a significant investment in the defence industrial base.
Strategic Goal for Localised Military Spending

These developments align with Saudi Arabia's strategic objective to channel 50 per cent of its military expenditure towards domestic companies by the year 2030. This target underscores the kingdom's commitment to fostering its own defence industry and reducing reliance on foreign suppliers. Such localisation efforts are crucial for economic diversification and national security.
Ownership by Public Investment Fund

Saudi Arabian Military Industries (SAMI) operates under the ownership of the Saudi sovereign Public Investment Fund (PIF). This backing from the PIF, a major investment arm of the Saudi government, indicates the strategic importance and substantial financial support behind SAMI's expansion plans. The PIF's involvement highlights the state's long-term vision for the defence sector.

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Which Saudi company plans to produce drones and munitions?

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