RIYADH, Nov 25 (NNN-SPA) – Three Saudi organisations announced on Sunday, cooperation to localise military industries, it was reported.
The General Authority of Military Industries, Economic Cities Authorities and King Abdullah Economic City, highlighted that, the cooperation aims to reach 50 percent of localisation of military industries in Saudi Arabia, to ensure economic and social growth.
The three organisations will strive to attract local and international investors to the sector, through a series of incentives.
The cooperation will promote the creation of a suitable investment environment, to build industrial capabilities and the introduction of facilities, to speed up industrial growth in the Kingdom, in general, and the economic cities.– NNN-SPA
