Saudi Arabia spent $1.4bn on incentives for local military industry in 21/22: GAMI governor
RIYADH: Saudi Arabia has spent SR5.1 billion ($1.4 billion) in incentives to boost its local military industry over the last two years, Governor of the General Authority for Military Industries Ahmad Al-Ohali revealed during the second day of the 2023 Budget Forum.
Al-Ohali said the incentives included SR3.3 billion which was directed to research…