Ahmed O’Hari, director of the Saudi Military Industry Administration, told the outside world on the morning of the 20th local time that the Saudi government will invest $20 billion in domestic military industry to support its development in the next decade.
O’Hari made the above statement remotely when he attended an international defense conference in Abu Dhabi, United Arab Emirates, and revealed that Saudi Arabia plans to increase the proportion of military science and technology research and development expenditure to 4% of total expenditure on armaments by 2030.
Due to the limited level of industrial development, Saudi Arabia’s armaments have long been dependent on foreign imports, and Saudi military spending has shown a rising trend in recent years after the military operation launched by Saudi Arabia’s leading multinational coalition against the Houthi armed forces in Yemen.
Previously, the Saudi government issued Vision 2030 aimed at achieving economic and social reform in 2016, one of the important goals is to improve the localization of production in the industrial field, including the military.
According to the plan, Saudi Arabia will spend 50% of its armament expenditure on local procurement in 2030.