“SAMI, state-owned Saudi Arabian military industry is seeking a close relationship with defence companies of South Africa and thereby ready to invest in the South African defence industry and funding local research and development (R&D)” stated its CEO Dr Andreas Schwer, at the Africa aerospace and defence 2018 show, held at Air Force Base Waterkloof in Pretoria.
South Arabian military industry is open for business in all defence projects including aeronautics to land system, defence, electronic, weapons or missile and, is now turning to South Africa to secure and bolster its defence industry.
He also told the media “the idea is to together develop intellectual property, and open the doors of south Arabian military-industrial sector for South African defense companies” he further added “South Africa is the second highest importer of defence equipment in the world and we are here, at Africa aerospace and defence 2018 to show our long-lasting commitment to South African market.” He also assured saying “we are here to invest in South African defence companies and to help them with the long stuck R&D project because of lack of funds”. Our idea is to strengthen both the countries by mirroring the research and development as well as manufacturing and setting a SAMI’s office near the R&D hub.”
He stated that “The SAMI is negotiating with more than one defence companies of South Africa, in context of acquiring stocks and shares” and reported “ one country is in an advanced stage while another one is still advising stage. We wish to sign the deal or a MoU’s at the end of the year and make it public with all information.”
He also reported that SAMI is still in negotiation to maintain joint ventures and collaborative relationships with other South African defence companies and “For the collaborations, we offer South African companies, a unique chance to grow and get the desired stream of funding.”
However, he assured “we don’t take out of the country while we will only duplicate it and South Africa will never lose anything with the agreement instead it will only gain profit. He pointed out that this agreement will bring tremendous advantages for south Africa in terms of employment and securing national strategic asset.
SAMI previously has signed many deals and MoU’s (memorandum of understanding) with international partners all over the globe and Andreas assured “these partners will come from all over the world including significant partners from South Africa”