Saudi Arabia Boosts Defense Partnerships at Eurosatory 2024 Exhibition in Paris
Saudi Arabia wrapped up its participation in the prestigious global defense and security exhibition Eurosatory 2024 in Paris on Friday, with a focus on strengthening partnerships with France, according to the state news agency SPA.
Wide Interaction and Prominent Presence at the Saudi Pavilion
The Saudi pavilion at the exhibition garnered significant attention and a large turnout to witness the latest achievements, products, and developments in the Kingdom’s military industries sector, as reported by SPA.
Efforts to Attract Global Investors and Foster Innovation
Organized by the General Authority for Military Industries, the pavilion aimed to attract investors from around the world interested in the military industries sector, showcasing efforts to promote research and innovation in the field.
Highlighting Policies and Incentives for Localization and Empowerment
The pavilion also highlighted key policies, legislation, and incentives in Saudi Arabia that have facilitated the localization and empowerment of the military industries sector, emphasizing the importance of collaboration to achieve strategic goals.
Saudi-French Day and Discussions on Defense Partnerships
During Eurosatory 2024, GAMI Governor Ahmed Al-Ohali participated in a Saudi-French Day, focusing on building industrial and defense partnerships between Saudi Arabia and France. Deputy Governor Saleh Al-Aqili discussed the regulatory framework and local content policy in the Kingdom.
Initiatives and Partnerships Formed at Meetings
Numerous meetings were held at the pavilion with various entities participating in the exhibition, leading to the initiation of several initiatives and partnerships in the military industries sector.
Collaboration from Public and Private Sectors
The pavilion showcased collaborations from both the public and private sectors, including the Ministry of Investment, General Authority for Defense Development, and several Saudi institutions and companies specializing in military industries.
Localizing and Empowering Saudi Arabia’s Military Industries
The Kingdom’s military industries are focused on localizing and empowering the sector to attract quality investments that will drive economic growth and sustainability, as reported by SPA.