25 Apr, 2017

AFICO Participates in Armed Forces Exhibition for Diversification in Riyadh

AFICO Participates in Armed Forces Exhibition for Diversification in Riyadh

Arabian Fiberglass Insulation Co. Ltd. (AFICO) participated as Diamond Sponsor in the Armed Forces Exhibition for Diversification of Local Manufacturing (AFED), which was organized by the Saudi Ministry of Defense and held at the Riyadh International Convention and Exhibition Center from February 21 to 27, 2016.

The purpose of AFED is to support the government strategy to localize the Kingdom’s defense industry, diversify the economy, and to break the monopoly of international companies in the defense sector. Reaching these goals will help to further enhance the national security as well as allow the private sector, local factories and specialized labs to introduce their products and display their capabilities for participation in local industrialization operations.

The exhibition highlighted the objectives of these national programs, which include achieving economic diversification and raising the level of local content to encourage investment and support non-oil exports, globalize local facilities and support a new knowledge economy of innovation and productivity.