KSA launches defense company to reduce spending on foreign arms

Saudi Arabia announced Wednesday it was launching the country’s largest defense company, Saudi Arabian Military Industries (SAMI), which will be producing defense equipment. SAMI is the product of the powerful Deputy Crown Prince Mohammed bin Salman, who also serves as Read more

KSA Preparing for Post Oil-Era, Deputy Crown Prince

Saudi Arabia is stepping up efforts to shift its economy’s reliance away from oil with investments from the Public Investment Fund (PIF) expected to control more than $2 trillion. The announcement was made by Deputy Crown Prince and Defense Minister, Read more