Inside Saudi Arabia's Defense Localization Push
Saudi Arabia's defense industry has made significant progress in localizing military procurement, with domestic spending increasing from 4% in 2018 to 25% by 2024. The General Authority for Military Industries aims to achieve 50% localization by 2030, contributing $25 billion to GDP and creating 100,000 jobs.
Saudi Arabia's defense industry has achieved significant progress in localizing military procurement a decade after the launch of Vision 2030. The General Authority for Military Industries (GAMI) reported that domestic military spending increased from 4% in 2018 to 25% by 2024. GAMI aims to achieve 50% localization by 2030, contributing $25 billion to GDP and creating 100,000 jobs. The authority has supported the development of the Saudi private sector by providing incentives and launching a supply chain localization program. By the end of 2024, local military spending was expected to have contributed over $1.73 billion to GDP. GAMI has accredited almost 350 local companies and generated over $1.066 billion in revenue, with the workforce growing to 34,000, 64% of whom are Saudi nationals.
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