NAMI secures Saudi military manufacturing license

Key Takeaways

• NAMI, a joint venture between 3D Systems, Dussur, and Saudi Energy, has secured a Military Manufacturing License from the General Authority for Military Industries (GAMI) of Saudi Arabia.
• The license enables NAMI to engage in regulated military manufacturing activities, supporting Saudi Arabia's Vision 2030 objective of localizing over 50% of military spending by 2030.
• NAMI focuses on three priority markets in Saudi Arabia: military aerospace and defense, oil and gas, and energy generation and transmission.
• The additive manufacturing market in Saudi Arabia is valued at over $300 million and is projected to grow to almost $2 billion by 2034.

Introduction to NAMI and the Military Manufacturing License

The National Additive Manufacturing and Innovation Company (NAMI) has been granted a Military Manufacturing License by the General Authority for Military Industries (GAMI) of Saudi Arabia. This license authorizes NAMI to engage in regulated military manufacturing activities in the Kingdom, positioning it among a limited group of Saudi companies with this authorization.

Benefits of the License

The GAMI license strengthens NAMI's ability to support Saudi Arabia's Vision 2030 objective of localizing more than 50% of military spending by 2030. It also enables more efficient collaboration with international defense original equipment manufacturers on the qualification and production of critical aerospace and defense components in the Kingdom.

Priority Markets and Advanced Manufacturing Capabilities

NAMI focuses on three priority markets in Saudi Arabia: military aerospace and defense, oil and gas, and energy generation and transmission. The company's advanced manufacturing capabilities support efforts to reduce the risk of infrastructure interruptions by enabling localized, on-demand production of critical parts.

Comparison of Additive Manufacturing Markets

Growth of Additive Manufacturing in Saudi Arabia

The additive manufacturing market in Saudi Arabia is growing rapidly, supported by Vision 2030 localization priorities across defense, energy, and industrial sectors. According to the IMARC Group, the market is valued at over $300 million and is projected to grow to almost $2 billion by 2034.

Bottom Line

The Military Manufacturing License granted to NAMI by GAMI is a significant milestone for the company, enabling it to support Saudi Arabia's Vision 2030 objective and collaborate with international defense manufacturers. With its advanced manufacturing capabilities and focus on priority markets, NAMI is well-positioned to contribute to the growth of the additive manufacturing market in Saudi Arabia, which is projected to reach almost $2 billion by 2034.