Non-Oil GDP Share: 76% ▲ -7.7pp vs 2020 | Saudi Unemployment: 3.5% ▲ -0.5pp vs 2023 | PIF AUM: $941.3B ▲ +$345B vs 2022 | Inbound FDI: $21.3B ▼ -6.4% vs 2023 | Female Participation: 33% ▲ -1.1pp vs 2023 | Credit Rating: Aa3/A+ ▲ Moody's / Fitch | GDP Growth: 2.0% ▲ +1.5pp vs 2023 | Umrah Pilgrims: 16.92M ▲ vs 11.3M target | Non-Oil GDP Share: 76% ▲ -7.7pp vs 2020 | Saudi Unemployment: 3.5% ▲ -0.5pp vs 2023 | PIF AUM: $941.3B ▲ +$345B vs 2022 | Inbound FDI: $21.3B ▼ -6.4% vs 2023 | Female Participation: 33% ▲ -1.1pp vs 2023 | Credit Rating: Aa3/A+ ▲ Moody's / Fitch | GDP Growth: 2.0% ▲ +1.5pp vs 2023 | Umrah Pilgrims: 16.92M ▲ vs 11.3M target |

Sami

Gap Alert: Defence Spending Localisation 50% Target

Tracking Saudi Arabia's progress toward 50% defence spending localisation with SAMI and GAMI capacity analysis.

Feb 22, 2026

Investing in Saudi Defence

Investment guide to Saudi defence — 50% localisation target, SAMI ecosystem, defence industrial zones, and offset programmes under Vision 2030.

Feb 22, 2026

SAMI (Saudi Arabian Military Industries)

Saudi Arabia's national defence and security manufacturing company, established to localize 50% of military spending by 2030.

Feb 22, 2026

Saudi Automotive Industry

An institutional analysis of Saudi Arabia's emerging automotive manufacturing sector, examining Lucid Motors, Ceer EV, SAMI's role, and the Kingdom's broader ambitions to build an integrated automotive value chain under Vision 2030.

Feb 22, 2026

Saudi Defence Companies

Overview of Saudi Arabia's defence industry, covering SAMI, GAMI regulation, major domestic manufacturers, international joint ventures, defence procurement, and the localisation target under Vision 2030.

Feb 22, 2026

Saudi Defence Manufacturing

Analysis of Saudi Arabia's defence manufacturing covering SAMI strategy, localisation targets, and military production.

Feb 22, 2026