SAMI: Saudi Arabia’s Defense Industry Champion

industry company. Wholly owned by the Public Investment Fund (PIF), SAMI supports the Crown Prince’s Vision 2030 by localizing military industries in the country and enabling homegrown defense systems. Since its launch in 2017, SAMI partnered up with foreign defense companies to establish joint ventures (JVs), memorandums of understanding (MoUs), and other noteworthy agreements.