The Ministry of Investment will participate in the World Defense Show 2022 in Riyadh to be held on March 6-9 with the participation of major international and local companies aiming at reviewing qualitative investment opportunities for the defense sector, keeping pace with industrial developments, technical solutions, localizing knowledge, and highlighting the Kingdom's position as one of the world's most influential countries in the defense sector. Through its participation the Ministry aims to strengthen its relations with current and potential investors in the sector, and review facilities and incentives provided to investors, as it allows foreign companies to own 100% full ownership, which reflects the ambitious trend towards economic openness to attract and develop investments and facilitate the access of seekers looking for quality investment opportunities. During its participation through the "Invest in Saudi" pavilion, the Ministry of Investment will review the services provided to investors and enhance the sustainability of investment in the sector, allowing investors to identify more partnership opportunities with local investors, and available investment opportunities. The show will witness the Ministry's signing of a number of memoranda of understanding with major international companies specialized in the field of defense aiming to discuss investment, technology transfer, localization of companies' capabilities, development of manufacturing systems and building local capabilities in the defense sector in the Kingdom. It is noteworthy that the show is held once every two years with the aim of enabling defense and security institutions to keep pace with defense developments and technical solutions, in line with the objectives set for the Kingdom's Vision 2030, by seizing opportunities to develop defense and security fields and promoting the process of localizing industries in the sector in the Kingdom. The World Defense Show is a global platform for operational compatibility across the five fields of the defense industry: land, sea, air, security, and space.
