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Saudi Arabian Military Industries is a military industries company launched in May 2017 and wholly owned by PIF. In line with Saudi Vision 2030 and under the Chairmanship of H.E. Ahmed Al-Khateeb, SAMI is expected to play a key role in localizing Saudi Arabia’s total military spending and become among the world’s top 25 military companies by 2030. SAMI operates across five business units: Aeronautics, Land Systems, Naval Systems, Weapons and Missiles, and Defense Electronics.