Saudi Arabian Military Industries
Saudi Arabian Military Industries (SAMI; Arabic الشركة السعودية للصناعات العسكرية, DMG aš-šarika as-saʿūdiyya li-ṣ-ṣināʿāt al-ʿaskariyya ) is a state-owned arms holding of the Kingdom of Saudi Arabia founded in May 2017 .
The holding is part of the Saudi government's “Vision 2030” strategy, which aims to equip the armed forces of Saudi Arabia with modern equipment and thus make them less dependent on foreign deliveries. The company intends to grow into one of the 25 largest armaments groups through joint ventures with global companies (e.g. with the Spanish shipbuilding company Navantia ) and acquisitions . In November 2018, SAMI offered $ 1 billion for 49% of Rheinmetall Denel Munition (RDM), a joint venture between Rheinmetall and Denel .
structure
SAMI is formally owned by the Kingdom of Saudi Arabia's Public Investment Fund (PIF). Ahmed Al-Khateeb is the CEO and Andreas Schwer , formerly CEO of Rheinmetall , is the Chief Executive Officer . According to n-tv , at least three other former Rheinmetall managers work for SAMI.
The company initially manufactures products and offers services for four business areas: air systems, land systems, weapons and missiles (including ammunition) and defense electronics.
Relationship with Germany
After the violent and unexplained death of the journalist and system critic Jamal Khashoggi in a Saudi consulate, the German government decided not to authorize any more arms exports to Saudi Arabia. SAMI then blocked its website from access from Germany.
Individual evidence
- ↑ a b c SAMI aims to make Saudi Arabia a defense industry powerhouse by 2030 in: defensenews.com September 17th, 2018
- ^ A b Gerhard Hegmann: Die Rache der Saudis in: Welt Online , 23 November 2018
- ↑ Joe Bavier, Alexander Winning: Saudi Arabia makes $ 1 billion bid for partnership with defense group Denel in: Times LIVE , November 8, 2018
- ↑ Defense company bypasses export stop in: n-tv , December 4, 2018