Saudi defence and security companies are preparing to play a major role in the country’s defence modernisation efforts, senior Saudi defence sources have told IHS Jane’s .

“We were asked to be ready to take part in the huge Saudi armed forces new armament process that will be led by his highness new Saudi Defence Minister Muhammad bin Salman,” Ghassan al-Shibl, the CEO of Saudi Arabia’s Advanced Electronics Company (AEC), told IHS Jane’s in late February.

The appointment of engineer Muhammad Madi as a head of the kingdom’s Military Industries Corporation (MIC) has been seen as a strong sign of the new defence minister’s vision and strategy in supporting local industry, which, according to Saudi armament policy, must have a manufacturing role in any arms deal brokered with foreign defence companies. […]