Saudi Arabia has begun accepting license applications for firms in the military industrial sector, a major target under plans to diversify the Kingdom's economy away from oil exports.
The General Authority for Military Industries (GAMI) will license companies to manufacture firearms, ammunition, military explosives, military equipment, individual military equipment, and military electronics, Saudi Press Agency reported.
“The move would open the door for foreign and local investment in the sector,” GAMI Governor Ahmed al-Ohali said.
Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.
Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}