The World Defense Show, which concluded in Riyadh on Wednesday, saw the signing of military and defense contracts between local and international parties with a total value estimated at 29.7 billion riyals ($7.92 billion), according to figures issued by the General Authority for Military Industries (GAMI).
GAMI said that the value of the contracts reflected the importance of the event as a global platform to build quality partnerships and promote efforts to develop defense and security industries locally and internationally. It noted that the contracts included the manufacture of defense systems, military equipment, vehicles, ammunition and support services.
