Zahid Industries recently participated at the World Defense Show in Riyadh from 6 – 9 March 2022.
The General Manager of Zahid Industries, Mr Alaa Akra, stated that the localization of defence industries will have a direct positive impact on the GDP of KSA due to the transfer of knowledge and technology from international companies to local companies, which will contribute to the development of the entire industrial sector to align with the best industry standards and comply with international quality standards.
Mr Barig Siraj, Vice President of Zahid Group, commented: “This participation is in line with the Kingdom’s Vision 2030 and the direction of His Royal Highness, Crown Prince Mohammed Bin Salman, to localize 50% of the defence military industries. We are pleased with the signing of a 12-year localization contract between Zahid Industries and Raytheon Technologies, as well as Zahid Industries becoming a globally approved supplier of General Dynamics Land Systems. This is only the beginning of building cooperation for future strategic partnerships for the defence industries, and we are proud to be a part of this success.”