RIYADH: Saudi Arabian companies are preparing to participate in the International Defence Exhibition (IDEX 2021) in Abu Dhabi next week.
The investment ministry, along with other Saudi bodies and firms will be taking part under the slogan “Invest in Saudi Arabia”.
The Kingdom will participate in the event, which starts on Monday, though the Saudi pavilion, led and organized by the General Authority for Military Industries (GAMI), Saudi Press Agency reported.
The event will host international leaders and developers of the latest defense and security technologies across land, sea and air defense.
Saudi Arabia’s aims to localize 50 per cent of its military expenditure by 2030 in a move to grow the local defense industry and reduce reliance on imported weaponry.
A major part of this shift will be securing investment in the Kingdom’s growing defense industry including through events like IDEX.
GAMI and 12 other major Saudi companies specializing in the military and security will introduce developments in Saudi military technology at the event.
The five-day exhibition will offer opportunities to forge relations between Saudi Arabia and other defense investors across the world.
Due to COVID-19 restrictions the exhibition will be a hybrid of virtual and in person showcasing.
IDEX 2019: UAE armed forces sign new defense dealsSaudi Arabia to host massive defense exhibition to rival IDEX