this article relies too much on references to primary sources . please improve this by adding secondary or tertiary sources . june 2012 learn how and when to remove this template message military industries corporation native name type government owned corporation industry defence founded 1953 ; 63 years ago 1953 headquarters saudi arabia key people mohamed al mady president since 2015 1 products munitions firearms armored vehicle revenue sr2 729 921 000 2 2013 subsidiaries armored vehicles & heavy equipment factory 3 website mic.gov.sa military industries corporation mic is a state owned enterprise in saudi arabia . based in riyadh it runs armament factories in the nation and develops saudi arabia s military base through research and development and technology transfer . 1 contents 1 history 2 aims and objectives 3 human resource policy 4 references 5 external links history edit the notion of delegating the assembly maintenance and advancement of saudi military capabilities to a sovereign entity was first introduced by king abdulaziz al saud in 1949 . a royal decree was issued stipulating the establishment of a weapons and artillery plant on september 8 1950 . contract agreements were concluded with two corporations for the supply of the necessary equipment and apparatus to be installed at the premises of the new factory . this step was taken with a number of objectives in mind chief of which was achieving self sufficiency for the saudi army . it sought to assert the sovereignty of the kingdom s armed forces and other military sectors in regard of weaponry and ammunition supplies and aimed to further the training and employment of saudi nationals . another key objective was to successfully assimilate and implement relevant industry technologies . production at the ammunition factory began in 1953 and was followed by projects to acquire the necessary expertise and to train local plant personnel . 4 a new munitions factory was opened in al kharj in 2016 in partnership with the south african company rheinmetall denel munition . 5 aims and objectives edit mic seeks to accommodate the needs and requirements of saudi arabia s military sectors acquiring technologies and building up military industries that are capable of keeping up with advancements in the armed forces . its strategy includes 4 recruiting developing and retaining a national work force . by agreement with the ministry of education it has awarded scholarships to 5 000 engineering students who enter employment with the corporation upon graduation . 6 managing and developing mic factories and plants . achieving integration among mic the military sectors and government agencies . cooperating with private sector entities internally and externally especially in the field of joint manufacturing . conducting research in collaboration with national and international universities and research centers ; enabling technology transfer among these institutes and establishing its own research centers . human resource policy edit mic is a public corporation enjoying independent financial and administrative status applying civil service and labor regulations with its employees . it has provided 1 200 housing units for employees equipped with schools convenience stores and health and recreation facilities . 7 it states that it supports its employees professionally and vocationally through training programs and skill enhancing workshops . 4 references edit a b king salman appoints ussabc saudi co chairman head of military industries corporation . u.s. saudi arabian business council . retrieved 12 september 2016 . budget allocations for government bodies . arab news jeddah saudi arabia . al bawaba middle east ltd. 30 december 2012 . retrieved september 12 2016 from highbeam research ksa firms eye deals at abu dhabi defense show . arab news jeddah saudi arabia . al bawaba middle east ltd. 18 february 2013 . retrieved september 12 2016 from highbeam research a b c military industries corporation saudi arabia opens munitions factory built by rheinmetall denel munition . defenceweb . 4 april 2016 . ksa has more students abroad than global average . arab news jeddah saudi arabia . al bawaba middle east ltd. 7 november 2015 . retrieved september 12 2016 from highbeam research saudi binladin group completed projects . saudi binladin group . retrieved 12 september 2016 . external links edit official website retrieved from https en.wikipedia.org w index.php title military industries corporation saudi arabia & oldid 739032219 categories defence companies of saudi arabiagovernment organisations of saudi arabiagovernment owned companies of saudi arabiahidden categories articles lacking reliable references from june 2012all articles lacking reliable references navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages fran ais edit links this page was last modified on 12 september 2016 at 11 44 . text is available under the creative commons attribution sharealike license ; 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