Saudi military spending localization to reach 27.3% by end of 2025
Saudi Arabia’s localized military spending is expected to rise to 27.3% by the end of 2025, up from 24.89% in 2024, an industry expert has said.
Key Takeaways
AIMilitary industries expert Waleed Abu Khalid has said that the localization rate of military spending in Saudi Arabia will rise to 27.3% by the end of 2025, up from 24.89% in 2024, as part of the Kingdom’s efforts to localize more than 50% of military expenditure by 2030.
Speaking to Al Ekhbariya TV, Abu Khalid explained that the local content share of military spending will reach 40.91% in 2025, while the sector’s contribution to GDP will amount to 7.468 billion Saudi riyals (SAR).
He added that Saudi Arabia is working to build a military industrial base that meets domestic demand and supports regional markets and exports.
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Abu Khalid also noted that the General Authority for Military Industries is developing the sector’s regulatory and legislative environment, streamlining the investor journey, and building international partnerships to transfer technology, boost investment, and enhance exports.