Monday, 21 June 2021

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XXXIX, No 1, 11/01/2021

Saudi Arabia gives defence companies “investment permits in 15 days, allows 100 percent ownership”

Saudi Arabia’s General Authority for Military Industries (GAMI) now issues operating permits to investors in little more than two weeks. It also says that it no longer requires international defence companies to look for local partners. Mohamed Al-Athel, GAMI’s Deputy Governor for Military Acquisition, conceded that the organisation had met with some scepticism from investors.

 

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