Saudi Arabia said on Sunday it had begun accepting license applications for firm...
FILE PHOTO: Members of Saudi security forces take part in a military parade in preparation for the annual Haj pilgrimage in the holy city of Mecca, Saudi Arabia August 4, 2019. REUTERS/Umit Bektas
DUBAI - Saudi Arabia said on Sunday it had 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 will license companies to manufacture firearms, ammunition, military explosives, military equipment, individual military equipment, and military electronics, state news agency SPA reported.
GAMI Governor Ahmed al-Ohali said the move would open the door for foreign and local investment in the sector. Investment is needed to meet reforms announced by Crown Prince Mohammed bin Salman who wants Riyadh to produce or assemble half its defense equipment locally in order to create 40,000 jobs for Saudis by 2030.Reporting by Tuqa Khalid; editing by Emelia Sithole-Matarise
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Saudi Arabia Names New Energy MinisterSaudi Arabia has relieved its energy minister Khalid al-Falih from his post, less than a week after he was removed as chairman of its state-owned oil giant. Mr. Falih was replaced with Prince Abdulaziz bin Salman.
Weiterlesen »
Saudi Arabia, UAE urge Yemen government and separatists to halt fightingA joint statement by the two Gulf states called on the UAE-backed separatists and the Saudi-backed government to prepare for 'constructive dialogue' to end the crisis between the two nominal allies.
Weiterlesen »
Saudi king replaces energy minister, naming one of his sonsSaudi Arabia's King Salman replaces the country's energy minister with one of his own sons, naming Prince Abdulaziz bin Salman to one of the most important positions in the kingdom, ayaelb reports.
Weiterlesen »
Saudi king replaces energy minister, naming one of his sonsPrince Abdulaziz bin Salman holds one of the kingdom's most important positions.
Weiterlesen »
No shift in Saudi OPEC policy after naming new energy minister: officialThere will be no shift in Saudi Arabia's OPEC policy after the appointment ...
Weiterlesen »
U.S. weighs releasing name sought in Saudi 9/11 suitJustice Dept. will decide whether to disclose a name sought by the plaintiffs in a long-running lawsuit that seeks to link the government of Saudi Arabia to the 9/11 attacks.
Weiterlesen »