MODON signs SAR 4.26 bn deals to localize military industries

user icon
GHADA.ISMAIL
calender icon
Feb 12, 2026
article image

Riyadh – Sharikat Mubasher: The Saudi Authority for Industrial Cities and Technology Zones (MODON) announced signing a series of agreements to localize military industries, with total investments exceeding SAR 4.26 billion and covering more than 4 million square meters, during its participation in the World Defense Show 2026 in Riyadh.

MODON said in a press release that the agreements support the objectives of the National Industrial Strategy and strengthen the integration of supply chains within Saudi Arabia’s military manufacturing ecosystem. The partnerships align with Vision 2030 goals to localize more than 50% of military spending by 2030 through the development of an integrated industrial environment that meets global standards, facilitates knowledge transfer, and boosts local content.

The agreements include a strategic deal with SAMI Defense Systems Company, valued at up to SAR 4 billion and spanning more than 4 million square meters, marking one of the largest defense industrial projects within Saudi industrial cities and a key pillar for localizing military manufacturing.

Additional agreements were signed with Beta Technologies in Hail to produce drones with investments of SAR 71 million, United Defense in Qassim to manufacture aerial and aerospace vehicles with investments of SAR 70, and SCOPA Military Industries in Al Kharj to manufacture and equip military and security vehicles, further reinforcing domestic defense manufacturing capabilities.


Share

Related News

Saudi Arabia declares 2026 ‘Year of Artificial Intelligence’, SDAIA unveils official logo
News
Calendar Icon
March 11, 2026
Saudi Arabia declares 2026 ‘Year of Artificial Intelligence’, SDAIA unveils official logo
Read More
Abu Dhabi Businesswomen Council announces winners of Ra’idah’s Falcon Tank Competition
News
Calendar Icon
March 10, 2026
Abu Dhabi Businesswomen Council announces winners of Ra’idah’s Falcon Tank Competition
Read More
Judan Financial buys 50.1% stake in Alpha Wave Global
News
Calendar Icon
March 10, 2026
Judan Financial buys 50.1% stake in Alpha Wave Global
Read More
Four Winds ensures supply chain continuity with alternative logistics solutions
News
Calendar Icon
March 10, 2026
Four Winds ensures supply chain continuity with alternative logistics solutions
Read More
SAP relocates MENA headquarters to Misk City in Riyadh
News
Calendar Icon
March 9, 2026
SAP relocates MENA headquarters to Misk City in Riyadh
Read More
Monsha’at launches advisory programs in Jeddah to support entrepreneurs
News
Calendar Icon
March 9, 2026
Monsha’at launches advisory programs in Jeddah to support entrepreneurs
Read More
Infobip opens new data center in Saudi Arabia
News
Calendar Icon
March 8, 2026
Infobip opens new data center in Saudi Arabia
Read More
Ehsan pacts with STC Bank to advance digital donation ecosystem in Kingdom
News
Calendar Icon
March 5, 2026
Ehsan pacts with STC Bank to advance digital donation ecosystem in Kingdom
Read More
New Murabba partners with EVIQ to install EV charging network
News
Calendar Icon
March 4, 2026
New Murabba partners with EVIQ to install EV charging network
Read More
Saudi Arabia PMI drops to 56.1 in February, lowest in nine months
News
Calendar Icon
March 3, 2026
Saudi Arabia PMI drops to 56.1 in February, lowest in nine months
Read More