Saudi Arabia is set to produce at least 65 million pieces of military spare parts as part of their aim to expand local for arms manufacturing.
Read more about this story at Al-Arabiya.
Vision 2030: Building a Local Defense Industry for the Saudi Military
Although the Kingdom is the world’s third biggest military spender, only 2 percent of this spending is within Saudi Arabia. The national defense industrial sector is limited to only seven companies and two research centers. The goal of Vision 2030 is to localize over 50 percent of military equipment spending by 2030.
The Kingdom will expand this initiative to higher value and more complex equipment such as military aircraft. Vision 2030 plans to build an integrated national network of services and supporting industries that will improve our self-sufficiency and strengthen our defense exports, both regionally and internationally. Localization will be achieved through direct investments and strategic partnerships with leading companies in this sector. These moves will transfer knowledge and technology, and build national expertise in the fields of manufacturing, maintenance, repair, research and development.