Saudi Federation Forms First National Committee for Military Industries: A New Direction Towards Sector Nationalization
The Federation of Saudi Chambers has established a new national committee for military industries, which is the first of its kind in the Kingdom.
Salman Al-Shatri was appointed as the chairman, and Zeyad Al-Mohaimeed was named vice chairman.
This committee marks the first time a private sector organization has formed a committee focused on military industries to collaborate with relevant authorities, including the General Authority for Military Industries and Saudi Arabian Military Industries.
The text discusses a new direction from the Saudi Federation to organize and nationalize the military industries sector in Saudi Arabia.
This aligns with the Saudi Vision 2030's focus on modernizing economic sectors, including military industries.
The goal is to have over 50% of the sector nationalized by 2030.