Mohammed bin Saleh Al-Athel has been the deputy governor of the Saudi General Authority for Military Industries (GAMI) since May 2019.
He was the secretary-general of the GAMI board of directors from November 2017 to October 2018 and was secretary-general and a member of the armaments contracts review committee at the Saudi Ministry of Defense, in Riyadh, between 2017 and 2019.
For more than four years, Al-Athel worked as a project director at both Saudi Arabian Military Industries and the Kingdom’s Public Investment Fund.
He has also been a board member at several institutions in Bahrain including Malath Cooperative Insurance Co., the Filing and Packing Materials Manufacturing Co., and Venture Capital Bank.
Al-Athel obtained a bachelor’s degree in finance from King Fahd University of Petroleum and Minerals, in Dhahran, and a master’s degree from Smith School of Business at Queen’s University in Kingston, Canada.
On Monday, GAMI confirmed that the Kingdom will increase support for scientific research from its military budget to 4 percent during the next 10 years, in order to convey technology, weapons industry and military industries in general.
Talking to Arab News, Al-Athel said that the Kingdom had the world’s third-largest budget allocated to weapons, after the US and China, and was the largest importer of arms.
Mohammed bin Saleh Al-Athel, deputy governor of the Saudi General Authority for Military Industries
Mohammed bin Saleh Al-Athel, deputy governor of the Saudi General Authority for Military Industries
Al Akaria signs SR1.2bn agreement lease with Amsa Hospitality
- Project, located in Riyadh Diplomatic Quarters, spans approximately 40,000 sq. meters and includes 240 modern residential units, comprising 176 apartments and 64 villas and townhouses
- CEO of Amsa Hospitality Muin Serhan: We have a certain commitment to deliver to the community and to the project in particular
RIYADH: The Saudi Real Estate Co., also known as Al Akaria, recently announced the signing of a lease agreement for the Amsa Vue Residential Compound in Riyadh with Amsa Hospitality, with the total value of the project estimated at around SR1.2 billion ($320 million).
Spread across 20 years, the cost reflects the long-term nature of the investment and its focus on value, sustainability, and operational quality.
The project, located in Riyadh Diplomatic Quarters, spans approximately 40,000 sq. meters and includes 240 modern residential units, comprising 176 apartments and 64 villas and townhouses.
Acting CEO of Al Akaria Khalid Al-Sehaibany stated that the project embodies the company’s approach to developing residential communities that focus on an integrated experience built on quality planning and comprehensive facilities, elevating the standard of living in Riyadh.
CEO of Amsa Hospitality Muin Serhan told Arab News that the core philosophy behind the project is to create a space that focuses both on individuals and community values.
Serhan pointed out that this strategy is central to a broader ambition to redefine hospitality in Saudi Arabia by embedding the hallmark of Arabian hospitality into the brand’s identity.
“We have a certain commitment to deliver to the community and to the project in particular. Year on year, we're adding value to the landlord and the owners of the assets,” he said.
He outlined a clear vision for the company’s legacy, aiming to set a new standard for hospitality management in the region. The goal, he said, is to be the go-to partner for developers and asset owners seeking to integrate hospitality elements into their projects.
Serhan confirmed that this vision is currently being brought to life through close collaboration with contractors and designers.
He emphasized that the process is a “moving journey,” where the designer, the brand, and the location converge to create a product that truly reflects the local narrative.
