, type =

Private Private or privates may refer to: Music * " In Private", by Dusty Springfield from the 1990 album ''Reputation'' * Private (band), a Denmark-based band * "Private" (Ryōko Hirosue song), from the 1999 album ''Private'', written and also recorde ...

, traded_as = , industry = Defense & Security , fate = , founded = , defunct = , hq_location_city =

Riyadh Riyadh (, ar, الرياض, 'ar-Riyāḍ, lit.: 'The Gardens' Najdi pronunciation: ), formerly known as Hajr al-Yamamah, is the capital and largest city of Saudi Arabia. It is also the capital of the Riyadh Province and the centre of the R ...

, hq_location_country =

Saudi Arabia Saudi Arabia, officially the Kingdom of Saudi Arabia (KSA), is a country in Western Asia. It covers the bulk of the Arabian Peninsula, and has a land area of about , making it the fifth-largest country in Asia, the second-largest in the A ...

, key_people = Ahmed Al Khateeb (

Chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

)

Walid Abukhaled Walid Abdulmajid Abukhaled ithe CEO of Saudi Arabian Military Industries (SAMI)and the former Chief Executive of the global defense and aerospace corporation Northrop Grumman in the Middle East. He is a board member of Dussur. Career Abukhaled is ...

(

CEO A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

) , products = , brands = , services = , revenue = , revenue_year = , operating_income = , income_year = , net_income = , net_income_year = , aum = , assets = , assets_year = , equity = , equity_year = , owner = , num_employees = , num_employees_year = , parent =

Public Investment Fund of Saudi Arabia The Public Investment Fund (PIF; ar, links=no, صندوق الإستثمارات العامة) is the sovereign wealth fund of Saudi Arabia. It is among the largest sovereign wealth funds in the world with total estimated assets of $620 billion ...

, divisions = Aerospace, Advanced Electronics, Defense Systems, Land, Sea , subsid =

Advanced Electronics Company Limited Advanced Electronics Company (AEC) is a limited liability company in Saudi Arabia that was established in 1988 under the Economic Offset Program as per the directives of the government of Saudi Arabia. AEC is a regional organization specializing ...

, homepage
www.sami.com.sa
, footnotes = SAMI is a state-owned

defense company The arms industry, also known as the arms trade, is a global industry which manufactures and sells weapons and military technology. It consists of a commercial industry involved in the research and development, engineering, production, and ser ...

launched in May 2017 by

’s Public Investment Fund (PIF).

Activities

SAMI was established to provide defense products and services in Saudi Arabia and to reduce the country’s reliance on foreign purchases of defense products. The company operates across aerospace, electronics, defense systems, sea, and land systems. SAMI’s reported targets include the contribution of 14 billion riyals (US$3.7 billion) to the Saudi economy by 2030, 6 billion riyals (US$1.6 billion) investment in research and development and the creation of 40,000 jobs.

Partnerships

In May 2017, SAMI signed Memoranda of Understanding (MoU) with defense contractors

Boeing The Boeing Company () is an American multinational corporation that designs, manufactures, and sells airplanes, rotorcraft, rockets, satellites, telecommunications equipment, and missiles worldwide. The company also provides leasing and product ...

Lockheed Martin The Lockheed Martin Corporation is an American aerospace, arms, defense, information security, and technology corporation with worldwide interests. It was formed by the merger of Lockheed Corporation with Martin Marietta in March 1995. It ...

Raytheon Raytheon Technologies Corporation is an American multinational aerospace and defense conglomerate headquartered in Arlington, Virginia. It is one of the largest aerospace and defense manufacturers in the world by revenue and market capitaliza ...

and

General Dynamics General Dynamics Corporation (GD) is an American publicly traded, aerospace and defense corporation headquartered in Reston, Virginia. As of 2020, it was the fifth-largest defense contractor in the world by arms sales, and 5th largest in the Uni ...

. In October 2017, SAMI signed a Memorandum of Understanding with Russia's

Rosoboronexport JSC Rosoboronexport (russian: AO Рособоронэкспорт, ''Rosoboroneksport'') is the sole state intermediary agency for Russia's exports/imports of defense-related and dual use products, technologies and services. The Rosoboronexport F ...

to manufacture military equipment in Saudi Arabia. The agreement provides for the transfer of technology for the local production of the

S-400 The S-400 Triumf (russian: link=no, C-400 Триумф – Triumf; translation: Triumph; NATO reporting name: SA-21 Growler), previously known as the S-300 PMU-3, is a mobile, surface-to-air missile (SAM) system developed in the 1990s by Russ ...

, the

Kornet-EM The 9M133M Kornet-M (also known by the export designation 9M133 Kornet-EM) Russian anti-tank guided missile (ATGM) is an improved version of the 9M133 Kornet ATGM, with increased range and an improved warhead. Kornet-EM missiles are chiefly used ...

system, the TOS-1A, the

AGS-30 The AGS-30 ''Atlant'' is a Russian automatic grenade launcher currently in production in Russia and in service with the Russian armed forces. Description Designed on the basis of AGS-17, the AGS-30 provides better mobility, longer range and be ...

and the

Kalashnikov AK-103 The AK-103 is a Russian assault rifle designed by small arms designer Mikhail Kalashnikov. History The AK-103 was officially offered for export in March 1993 Design details It is an AK-100 derivative of the AK-74M that is chambered for t ...

. In January 2018, on the sidelines of the launch of the National Industrial Development and Logistics Program, SAMI inked the establishment of two new joint ventures with

Thales Thales of Miletus ( ; grc-gre, Θαλῆς; ) was a Greek mathematician, astronomer, statesman, and pre-Socratic philosopher from Miletus in Ionia, Asia Minor. He was one of the Seven Sages of Greece. Many, most notably Aristotle, regarded him ...

and

CMI Defence John Cockerill, formerly Cockerill Maintenance & Ingénierie (CMI), is a mechanical engineering group headquartered in Seraing, Belgium. It produces machinery for steel plants, industrial heat recovery equipment and boilers, as well as shunting l ...

. The scope of the joint venture signed with

includes Short range air defense and counter-rockets radars, C2s, multi-mission missiles, fuses for

guided bombs A guided bomb (also known as a smart bomb, guided bomb unit, or GBU) is a precision-guided munition designed to achieve a smaller circular error probable (CEP). The creation of precision-guided munitions resulted in the retroactive renaming of ...

, and inter-communication radios. The project aims to invest in the facilities and equipment in the local market, at a localization ratio of 70%, while around 2,000 direct and

indirect jobs Investments into an industry or project can produce temporary and long-term employment. The resulting jobs are typically categorized as being one of three types. A direct job is employment created to fulfill the emand for a product or service. An ...

will be generated for Saudi youth. The second joint venture agreement, which is signed with

, includes delivering multifunctional high-power turret systems for armored vehicles and all related services, providing in-country research and development and prototyping, design and systems engineering, supplier and material management, manufacturing, assembly and test, fielding and support, and upgrades, and integration of other OEM products and services. The project is expected to realize a localization rate of 60%, in addition to offering more than 700 direct and indirect jobs for the Saudi youth. In November 2018, SAMI and

Navantia Navantia is a Spanish state-owned shipbuilding company, which offers its services to both military and civil sectors. It is the fifth-largest shipbuilder in Europe and the ninth-largest in the world with shipyards around the globe. The heir to t ...

. announced the launch of their joint venture, ‘SAMI Navantia Naval Industries,’ following the agreement signed by both parties to design and build 5 Avante 2200 corvettes with Combat Management System for the Ministry of Defense of Saudi Arabia. SAMI Navantia Naval Industries will focus on program management and naval combat system integration, system engineering and architecture, hardware design, and software development, testing and verification, prototyping, simulation, and modelling, in addition to the installation and integration of combat systems on the last two vessels of the Avante 2200 project, as well as the logistical support and training programs. In February 2019, SAMI and

Naval Group Naval Group is a major French industrial group specialized in naval defense design, development and construction. Its headquarters are located in Paris. Heir to the French naval dockyards initiated in 1631 by Cardinal Richelieu and to the Direc ...

, have entered into a Memorandum of Agreement to create a joint venture company in Saudi Arabia’s naval defense domain.

References

External links

* {{authority control Manufacturing companies established in 2017 Government-owned companies of Saudi Arabia Defence companies of Saudi Arabia 2017 establishments in Saudi Arabia Companies based in Riyadh

Activities

Partnerships

See also

References

External links