FILE PHOTO: Members of Saudi security forces take part in a military parade in preparation for the annual Haj pilgrimage in the holy city of Mecca, Saudi Arabia August 4, 2019. REUTERS/Umit Bektas
DUBAI - Saudi Arabia will invest more than $20 billion in its domestic military industry over the next decade as part of aggressive plans to boost local military spending, the head of the kingdom’s military industry regulator said on Saturday. The Gulf state wants to develop and manufacture more weapons and military systems domestically, aiming to spend 50% of the military budget locally by 2030.
“The government has put a plan that we will be investing in excess of $10 billion in the military industry in Saudi Arabia over the next decade and equal amounts on research and development,” Governor of the General Authority for Military Industries Ahmed bin Abdulaziz Al-Ohali told a defence conference in Abu Dhabi.
He also said the kingdom plans to increase military research and development spending from 0.2% to around 4% of armaments expenditure by 2030.
And then aid Houthi military。
Saudi Arabia should focus more on human rights, especially women's rights rather than creating an army of killers to maybe use against Yemen.
Sadly they are sensing the global decline in fossil fuels will weaken their relationship with the US which was based on oil. The royal family can only rely on brute
I'm sure the Yemeni's will be thrilled 😔
A lot of countries are starting to spend a whole lot more money on military investments recently. Is something about to happen that us regular folk no nothing about?
You mean that they have the ability to invest in their own defense? shocked
Self defense against those Yemeni aircraft carriers
They sent a kiss to JoeBiden
JoeBiden is creating an opening for Putin in Saudi Arabia.
Ppl crazy might as well.
Gang nam style!
Why can’t we go into the business of Peace!!!
'The Age of Saudis' 🇸🇦
se queres a paz,? prepara pra guerra, certissimo.....
How does that compare to US? I think it’ll be ok. 🤦🏻♂️
The current economical-model sponsors this announcement..
SA is a fascist authoritarian dictatorship
这国家投再多都没用。
It is a pity. The military exp if it were to be diverted to the needy people to provide them basic human needs of food, shelter and clothing and of course medicine(vaccine), the world would have been a much safer& better place to live. The hands that make the bullet takes life.
We are 8 iraqis interpreters have worked with UK army in Baghdad last two years in training Iraqi security forces we facing serious risk on our life because of our previous work we appeal the queen to help us and provid safe place for us include iraqis terps to the new scheme.
We are 8 iraqis interpreters have worked with UK army in Baghdad last two years in training Iraqi security forces we facing serious risk on our life because of our previous work we appeal the queen to help us and provid safe place for us include iraqis terps to the new scheme
Good for Saudi - less dependence of the West for arms - more Islamic nations should wean themselves off the Western military complex and develop state of the art technology and armaments “in house”. The Turks are leading the way...
I believe we spend 30 times this annually
For what.🤣🤦♂
They have alot of money 🤣🤣🤣
Geewizz, I wonder what countries will do the supplying
KSA should invest in bitcoin lol
Good idea, Saudi have a weak military, US flip flop on arms sales, and are under pressure from Iran in Yemen. A strong Saudi is good for Middle East.
War............