logo-en
  • Home
  • Companies
  • Investors
    • Home
  • FinTech Hub
  • News
LoginRegister
  • english iconEnglish
  • english iconArabic
  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.

Tags

MODON
Military production
investments
Localization
Share

Attract clients with your ad

Start Now

Trending

TruDoc boosts GCC expansion with $15mn Pre-Series B
MUBASHER
MIS signs SAR 1.88 bn deal with HUMAIN to build AI data center
MUBASHER.SA
Ehsan pacts with STC Bank to advance digital donation ecosystem in Kingdom
MUBASHER.SA
Rimal Semiconductors secures strategic investment from Keheilan Deep Tech Fund
MUBASHER.SA
iQtech lands 1st funding to expand medical education techs across MENA
MUBASHER

Related News

Private Equities News
Calendar Icon
Mar 5, 2026
Ehsan pacts with STC Bank to advance digital donation ecosystem in Kingdom
Read More
Private Equities News
Calendar Icon
Mar 4, 2026
New Murabba partners with EVIQ to install EV charging network
Read More
Private Equities News
Calendar Icon
Mar 3, 2026
Saudi Arabia PMI drops to 56.1 in February, lowest in nine months
Read More
Private Equities News
Calendar Icon
Mar 3, 2026
Riyadh to host Global Innovation Summit 2026
Read More
Private Equities News
Calendar Icon
Mar 2, 2026
Rewa closes seed round, launches digital rent payment application
Read More
Private Equities News
Calendar Icon
Mar 2, 2026
Mawani signs MoU with UNCTAD to host Global Supply Chain Forum 2026
Read More
Private Equities News
Calendar Icon
Mar 1, 2026
YVL Capital Partners officially launches in Dubai
Read More

Sharikat Mubasher Newsletter

Get insights and exclusive content from the world of business and finance that you can trust delivered to your inbox

Email is Required
Should be a valid email

Democratizing private equity investments

  • Home
  • Companies
  • Investors
  • FinTech Hub
  • News
  • Contact Us
  • Sitemap
2024 All rights reserved to Sharikat Mubasher