Saudi Gazette report
RIYADH — The Basic Authority for Army Industries (GAMI) Basic Authority for Competitors (GAC) have signed a Memorandum of Understanding to reinforce the expansion of localization in army industries.
The MoU was signed with the goal of supporting the governance of financial focus and merger operations between licensed and associated firms within the army industries sector by unifying joint efforts and complementary work between the 2 events.
That is for the sake of rising localization of army industries and enhancing consciousness of the tradition of truthful competitors amongst institutions working within the sector.
The MoU goals to allow truthful competitors within the army industries sector between firms working and related to them in the identical discipline.
Subsequently, it should enhance the attractiveness of the funding setting within the sector and obtain the utmost profit from its promising alternatives.
The MoU was signed on Monday by Governor of GAMI Eng. Ahmed Bin Abdulaziz Al-Ohali, and the CEO of GAC Dr. Abdulaziz Bin Abdullah Al-Zoom.