Received by NSD/F ARA Registration Unii 05/22/2017 2:43:07 PM FrO:ni.:}ohn Anderson Sent: Thursday, May 18, 2017 8:30 AM To: John Anderso.n <[email protected]> Subject: new saudl mllltary company Greetings all. As you may recall, I work for the Saudi Royal Court, helping them with their foreign press and think tank outreach. Attached and pasted below is a release from the Saudi Arabian Public Investment Fund, announcing the creation of new company, Saudi Arabian Military Industries. Best Regards,John Press Release Key element of Vision 2030 realized wi(b launch of new Saudi Arabian nationa.1 defense comptuty • Saud_i A_ra.bia. a.nnounces the creati_on of a new national military industries · compa.ny. W/10/ly owned by t/1e government, the new company forms a key part · of Vision 2030, • The company wit.I initially n,a.nufacture prod,u_cts and provide services across four b~iltess u.n.~: Air Syst.e11Jcs; Land SyslelJls; Weapons & Missiles (including amr_nu_nition); (!nd Defense Electronics. • The company will establish compa.nies th.rough joillt ventures with global original equipment m_anufilctu_rers (OQMs), a.s well as cooperating with local military companies. Riyadh, Saudi Arabia; Thursday 18 May 2017: The Saudi Arabian Public Iilvestment Fund ("PIF'') has today announced the creatjon of a new national military industries company. Sa_udi Arabian Military Industries (SAM!) will mamifacture products and provide services:ac:ross four business units: Air Systems, which includes maintenance and repair c,f fixed-wing aircraft as well as manufacturing and repair of unmanned a.ii' vehicles; Land Systems, which includes manufacturing and repair ofmilitary vehicles; Weapons & Missiles - including ammunition -; and Defense Electronics, which includes radars and sensors as well as comm:unicatioh systems and electronic warfare. Received by NSD/F ARA Registration Unit 05/22/2017 2:43:07 PM I I I I i i
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Received by NSD/F ARA Registration Unii 05/22/2017 2:43:07 PM
FrO:ni.:}ohn Anderson Sent: Thursday, May 18, 2017 8:30 AM To: John Anderso.n <[email protected]> Subject: new saudl mllltary company
Greetings all. As you may recall, I work for the Saudi Royal Court, helping them with their foreign press and think tank outreach.
Attached and pasted below is a release from the Saudi Arabian Public Investment Fund, announcing the creation of new company, Saudi Arabian Military Industries. Best Regards,John
Press Release
Key element of Vision 2030 realized wi(b launch of new Saudi Arabian nationa.1 defense comptuty
• Saud_i A_ra.bia. a.nnounces the creati_on of a new national military industries · compa.ny. W/10/ly owned by t/1e government, the new company forms a key part · of Vision 2030, • The company wit.I initially n,a.nufacture prod,u_cts and provide services across four b~iltess u.n.~: Air Syst.e11Jcs; Land SyslelJls; Weapons & Missiles (including amr_nu_nition); (!nd Defense Electronics. • The company will establish compa.nies th.rough joillt ventures with global original equipment m_anufilctu_rers (OQMs), a.s well as cooperating with local military companies.
Riyadh, Saudi Arabia; Thursday 18 May 2017:
The Saudi Arabian Public Iilvestment Fund ("PIF'') has today announced the creatjon of a new national military industries company.
Sa_udi Arabian Military Industries (SAM!) will mamifacture products and provide services:ac:ross four business units: Air Systems, which includes maintenance and repair c,f fixed-wing aircraft as well as manufacturing and repair of unmanned a.ii' vehicles; Land Systems, which includes manufacturing and repair ofmilitary vehicles; Weapons & Missiles - including ammunition -; and Defense Electronics, which includes radars and sensors as well as comm:unicatioh systems and electronic warfare.
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Wholly government-owned, SAM! aimsto become one of the world's top 25 defense companies by 2030. It will directly contribute around SAR 14 bil_lion to the Kingdom's GDP in 2030, invest ovet SAR 6 billion in research and development by 2030, and create over 40,000 jobs, many of which will be in the engineering and technical fjelds. By partnering with uni.versities, SAM! will provide students with apprenticeships and c_arellrs in cutting edge technologies which were previously unavailable in the Kingdqm_, In line with Vision 2030, SAM! will contribute to diversifying theSaudi econollly for Ate -21st century by reducing dependence oft oil, while protecting and strengthening n_atio11al security.
HRH Prince Mohammad bin Salman bin AbditlazizAI Saiid, Deputy Crown Prince, M_i_rjistllr ofDefe11se and Chairman of the Pubiic Investment Fund said: "While the I<;i!lgdolll is one of the world's top five spenders on secunty and defense overall, only around two perct;nt of our military prO:c).lfement is domestic•·•.
His Royaj Highness eITiphasizc:ld that SAM! wiH be a major contributor in achieving the goals set out in Visfo11 Z030, which states that fifty percent of Saudi Arabia's military procurement spending wiffbe focalize<I.
SAMI's four business units closely complement the Kingdom's future military · requirements and build on existing local capabilities. SAM! will establish ®mpariies through joint ventures with global orign\81 equipment ma11ufacturers (OEMs), as well as cooperating with local military compan_ies. SAM! wiU consider creating new business units, to ensure the company is ajig11ed wi);h tb,e latest d!'Velopments in the military industries sector.
ENDS
About the Public Investment Fund The Saudi Arabian Public Investment Fund has a diverse portfolio made up of approiamately 200 investments, of which around 20 are listed on the Tadawul, the Saudi Stock Exchange. As well as its iisted holdings, PIF also has unlisted equity investments, im1ernational investments, real estate holcliligs, and loans, bonds and sukuks. Since oversight of the Public InvestrnentFund was transferred from the Ministry of Fin!Ulce to the CouncU of Economic and Development Affairs (CEDA), the Fund has been undetW9ng a phased transformation program to implement a redefmed strategy and mandate. This includes expanding the management, investment and middle a:nd back office teams; enhan<:ing t.l)e governance structures, engaging with the diverse-portfolio an_d hpplelllenting );he il).yesmtllnt strategy, which is ciosely aligned with Vision 2030 .. A new BoMd has beeJJ. appoi11ted, chaired by HRH the Deputy Crown Prince Mohammad bit). SaJmal). Al Saud. . .
PIF i_s building a world-class domestic and international. investment portfolfo, driving
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Received by NSD/F ARA Registration Unit 05/22/2017 2:43 :07 PM
forward diversification of sources oflncome for the state, through achieving attractive long-term financial returns froi:nit!l i_nye_stments at home a:n:d abroad.
This material is distributed by the Podesta Group on behalf of the·Center for Studies dnd Media Affairs at the Saudi Raya/Court. Additional Information (s !J~qilable at the Dep(ir:tmentaf Justice,. Washington, DC,
PG JOHN ANDERSON PRINCIPAL
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