World

Saudi military spending localization reaches 27.3% as Riyadh forum highlights industry growth

RIYADH: Saudi Arabia’s military spending localization rate reached 27.3 percent by the end of 2025, up from 4 percent in 2018, according to figures presented at the Military Industries Forum in Riyadh on Sunday. The General Authority for Military Industries said the sector contributed SR7.468 billion ($1.99 billion) to the Kingdom’s gross domestic product in 2025, as Saudi Arabia works toward localizing more than 50 percent of military spending by 2030. Speaking at the event, Acting Governor of