# Milkor expanding presence in Saudi Arabia

- Link: https://www.military.africa/2022/08/milkor-expanding-presence-in-saudi-arabia/
- Published: 2022-08-31T10:47:18+01:00
- Author: Military Africa

Defence manufacturer Milkor is expanding its footprint into Saudi Arabia and has
been granted an investment license that allows it to make weapons in the Arab country.

The process started with Milkor signing a memorandum of understanding (MOU) with
the Ministry of Investment of Saudi Arabia during the [World Defence Show](https://www.military.africa/2022/03/wds2022-milkors-showcase-armed-drone-and-desert-sting-guided-munitions/)
in Riyadh earlier in March.[](https://web.archive.org/web/20220829093143/https://i0.wp.com/www.military.africa/wp-content/uploads/2022/08/Milkor-Saudi-Arabia.jpg?fit=670%2C446&ssl=1)

The MOU seeks to allow Milkor to establish a presence in Saudi Arabia, which was
followed by the investment license which has been granted. And now, registration
is ongoing says Milkor.

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Milkor Saudi Arabia CEO MC de Beer said, “The investment license allows us as a 
foreign entity to continue with the legal registration of the new company, which
will be a military equipment manufacturer and a considerable amount of vetting and
trust building had to be done to achieve this milestone.”

“We are proud of the outcome and appreciate the support and modernized mechanisms
put in place by the Saudi government to efficiently establish a foreign-owned entity;
this only demonstrates their seriousness in making the industry thrive”, de Beer
said.

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Milkor hopes to benefit from Saudi Arabia’s substantial defence budget, which stands
at $46 billion (R760 billion) this year, according to the Kingdom’s budget statement.
[](https://web.archive.org/web/20220829093143/https://bit.ly/3HD9pbc)

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According to Armand Bodenstein, Business Development Director at Milkor, “This latest
international expansion does not only present Milkor with the opportunity to tap
into the local market within the Kingdom of Saudi Arabia in line with their localization
policy, but it also presents a new opportunity to share in the knowledge base available
within the two countries and allows us to redirect resources back into the South
African industry.”

Milkor’s line of products includes the widely popular 40 mm multiple grenade launcher,
the Milkor 380 UAV, in development since 2018, the SuperSix MRGL, the single-shot
grenade launcher, the Under Barrel Grenade Launcher (UBGL), and MAR (Multi shot 
anti-riot), the Milkor IPC (Inshore Patrol Craft) and Milkor 4×4 Armoured Personnel
Carrier.

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