Launchedin2016,theSaudiVision2030aimstodriveeconomic,technological,industrialandsocial
development,toachieveeconomicprosperityandtocreateabetterfuturefortheKingdomofSaudi
Arabia.Thevisionincludesakeyobjectiveforthemilitaryindustriessector,namelytolocalizenoless
than50%ofspendingonmilitaryequipmentby2030.ARoyalDecreehasbeenissuedtoestablish
theGeneralAuthorityforMilitaryIndustries(GAMI),toembodytheKingdom'sambition—may
Allahprotectit—towardsa2morerobustnationalmilitaryindustrycapabilitiesandfurtherlocalization
ofthemilitaryindustriessectorintheKingdom,toserveasacorenationaleconomypillar.Therefore,
GAMIactsasthelegislatorforthemilitaryindustriessectorintheKingdom,andiscompetentin
organizing,developingandmonitoringsectorperformance.GAMIalsoplaysapivotalrolein
supportingthemilitaryindustriessectortobeakeysourceofjobopportunitiesforSaudiyouth,and
topushdevelopmentbyincreasingnon-oilrevenues,andraisingsectordirectcontributiontogross
domesticproduct,whichinturnbooststheKingdom’sindependence,militaryandsecurityreadiness,
bybuildingalocalmilitaryandsecurityindustriessector.Tothatend,GAMIdevelopedpoliciesfor
organizingandempoweringtheKingdom'smilitaryindustriessector,andsuchpoliciesdonotrepeal
orsupersederegulatoryrequirementsofanylawandregulationissuedbyrelevantgovernmental
entities,butratherseektofacilitateandfostercompliancewithinmilitaryindustriessector.