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  1. Mubasher News
  2. MODON signs SAR 4.26 bn deals to localize military industries

MODON signs SAR 4.26 bn deals to localize military industries

GHADA.ISMAIL
Feb 12, 2026
Agreements announced at World Defense Show 2026 in Riyadh

Riyadh – Sharikat Mubasher: The Saudi Authority for Industrial Cities and Technology Zones (MODON) announced signing a series of agreements to localize military industries, with total investments exceeding SAR 4.26 billion and covering more than 4 million square meters, during its participation in the World Defense Show 2026 in Riyadh.

MODON said in a press release that the agreements support the objectives of the National Industrial Strategy and strengthen the integration of supply chains within Saudi Arabia’s military manufacturing ecosystem. The partnerships align with Vision 2030 goals to localize more than 50% of military spending by 2030 through the development of an integrated industrial environment that meets global standards, facilitates knowledge transfer, and boosts local content.

The agreements include a strategic deal with SAMI Defense Systems Company, valued at up to SAR 4 billion and spanning more than 4 million square meters, marking one of the largest defense industrial projects within Saudi industrial cities and a key pillar for localizing military manufacturing.

Additional agreements were signed with Beta Technologies in Hail to produce drones with investments of SAR 71 million, United Defense in Qassim to manufacture aerial and aerospace vehicles with investments of SAR 70, and SCOPA Military Industries in Al Kharj to manufacture and equip military and security vehicles, further reinforcing domestic defense manufacturing capabilities.

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Riyadh - Sharikat Mubasher: Saudi Energy signed a Power Supply and Implementation Agreement with Expo 2030 Riyadh Company, wholly owned by the Public Investment Fund (PIF), to deliver the power infrastructure required across the Expo 2030 Riyadh site.The agreement was signed by Khalid AlGhamdi, Chief Executive Officer of Saudi Energy, and Talal Al-Marri, Chief Executive Officer of Expo 2030 Riyadh, according to the official statement,The deal aims to establish the electrical infrastructure required to meet the power demands of Expo 2030 Riyadh. This includes the construction of a bulk supply point, three primary substations, and all associated transmission and distribution infrastructure.Leading Saudi companies, including Alfanar, Haif Company, Trading and Development Partnership, and Al-Babtain Power & Telecom Company, will support the execution of these worksAlGhamdi highlighted that the agreement reflects the critical role of Saudi Energy in supporting major national projects by developing a reliable and highly efficient power infrastructure.He emphasized that Saudi Energy will deploy its capabilities and expertise to execute Expo 2030 Riyadh’s electric supply requirements to the highest standards of quality and operational performance, supporting the readiness of this global event and aligning with the Kingdom’s development goals.For his part, Al-Marri said: “The agreement marks another important milestone, reflecting the accelerated progress across the various workstreams underway on site and reinforcing its readiness in line with the established delivery schedule.”He noted that the partnership with leading Saudi national companies reflects confidence in local capabilities and expertise, and their ability to deliver projects of this scale and ambition in line with the highest technical and operational standards. Moreover, the agreement marks a significant step toward securing the critical utility requirements of Expo 2030 Riyadh and enabling the timely development and successful opening of the event. 

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