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Zamil Steel, Sami break ground on defense systems complex: Construction of a SAR 575 mn defense systems complex by Zamil Steel Construction and the Saudi Arabian Military Industries (Sami) began earlier this week, according to a disclosure by Zamil’s parent company. The contract for the complex, which runs for 16 months, was awarded to ZSC in December by the PIF’s national defense and security champion Sami.
The scope of work: Zamil will be build out the manufacturing facilities, utility buildings, exterior areas and others for the Sami Land industrial complex. It will also supply the complex with its HVAC products, insulated panels, steel structures and insulation materials.
The significance:The industrial complex is will be home to companies and activities that develop, design, and manufacture land defense systems at Al Kharj, according to the disclosure.
About the companies: ZSC is a subsidiary of Tadawul-listed Zamil Industrial Construction Company, while Sami Land is a unit of the PIF’s national defense subsidiary, Sami. In military terms, “land forces” = army, so think tanks, wheeled vehicles, artillery, and other weapons systems.
It’s been a busy year for the defense industry: Some 61 contracts worth SAR 26 bn were signed at the World Defense Show in Riyadh in February. This is up from SAR 21 bn worth of purchase agreements signed in 2022.
REMEMBER- The Kingdom has a target of localizing over 50% of its military equipment spending by 2030.
