Thales Expands Presence in Saudi Arabia to Support Vision 2030 Initiative
Thales, a multinational defense company, is expanding its presence in Saudi Arabia to align with the country's Vision 2030 initiative.
The company plans to increase its focus on defense, security, civil aviation, and higher education in Saudi Arabia.
Thales has been a trusted partner in the region for over 50 years and operates in 68 countries with 77,000 employees.
The company has established a joint venture with Saudi Arabian Military Industries called SAMI Thales Electronic System to build capabilities and localize the complete value chain in Saudi Arabia.
Thales plans to expand its team of engineers in the country to more than 300 or 400 people within the next two years.
The company also provides security systems for the holy sites in Makkah and Madinah and was recently selected to deliver security solutions for the archaeological site of AlUla.
Thales is exploring opportunities to provide security solutions for projects like NEOM and the Red Sea.
The company aims to cater to customers beyond the Middle East, further strengthening its position as a global leader.
Thales is a French company that uses technology and innovation to optimize its systems, enhance user experience, and ensure security.
The company invests €4 billion annually in research and development and collaborates with universities and conducts in-house training programs.
Thales places a strong emphasis on sustainability and aims to increase the green aspects of its solutions.
The company is committed to diversity and gender equality and plans to hire more female talent.
Thales is not the only French-based firm to see opportunities for growth in Saudi Arabia, and it has signed agreements with firms including Boeing, Airbus, and L3 Harris.
Saudi Arabian Military Industries (SAMI) aims to become one of the top 25 defense companies globally by 2030 and is working with OEMs to localize more than 50 percent of military equipment spending, transferring knowledge and technology, and building national expertise in manufacturing, maintenance, and research and development.