Saudi Arabian Military Industries (SAMI) signed three strategic partnerships during the International Defence Exhibition and Conference IDEX-2021.
The Saudi Arabian Military Industries (SAMI) is a wholly-owned subsidiary of the Public Investment Fund (PIF). As part of its participation in IDEX-2021, SAMI showcased its cutting-edge military products, systems, and technologies, spread across its Land Systems, Aeronautics, Defense Electronics, Weapons and Missiles, and Emerging Technologies divisions during the show.
The company’s affiliates, Advanced Electronics Company (AEC, a wholly-owned subsidiary), Accessories and Components Company (AACC), SAMINavantia (a joint venture with Navantia S.A.), SAMIL3Harris (a joint venture with L3Harris Technologies), and SAMICMI (a joint venture with CMI Group) also put their innovative solutions and services on show at the exhibition.
- A Joint Venture Agreement with Lockheed Martin to develop capabilities in manufacturing technology, software technology, and systems integration, as well as the production, maintenance, and repair of rotary and fixed-wing aircraft, and missile defense systems, besides naval and land systems.
- A Teaming Agreement with Abu Dhabi-based NIMR (an EDGE entity) for joint cooperation on armored military and security vehicles, in the first-of-its-kind military industries agreement between Saudi and Emirati companies in the Kingdom.
- An agreement with the General Authority for Military Industries (GAMI) to be a Strategic Partner in the upcoming World Defense Show 2022.
“We at SAMI are pleased that our participation in IDEX 2021 was a remarkable success that would lead to new milestones in Saudi Arabia’s evolution as a leading global manufacturer of military systems. The exhibition offered our affiliate companies and us an excellent platform to showcase our locally developed innovations and gain meaningful insights into new and emerging trends in the world of defense. The strategic agreements we signed at the show will support PIF’s efforts through SAMI in localizing cutting-edge technology and knowledge, as well as building strategic economic partnerships.” said Eng. Walid Abukhaled, CEO of SAMI, Commenting on the participation.