Riyadh, May 13th, 2025- In a move to strengthen international partnerships in the security and safety sector, The National Security Services Company (SAFE), owned by the Public Investment Fund, signed two strategic agreements with leading U.S. companies in the field of smart security systems collectively valued at approximately $450 million over the next five years.
The signing took place during the Saudi-U.S. Investment Forum 2025 held at the Ritz-Carlton in Riyadh, under the gracious patronage of His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz Al Saud, Prime Minister of the Kingdom, and the President of the United States, Donald Trump.
The National Security Services Company (SAFE) signed a Memorandum of Understanding with Leidos valued at $350 million USD, aiming to enhance Saudi Arabia’s security capabilities at land, air, and seaports through the provision and localization of advanced detection technologies.
In a separate agreement, (SAFE) signed an MoU with Intelligent Security Systems (ISS), aiming to expand AI-based security systems for automatic camera surveillance through advanced digital technologies, knowledge sharing, and innovative solutions, targeting USD 100 million in revenue.
CEO Turki Bin Matooq Al-Thonayan stated, “These strategic partnerships showcase The National Security Services Company (SAFE)’s commitment to its pioneering role as a private security company providing integrated and innovative services to the sector, in alignment with the objectives of Saudi Arabia’s Vision 2030 to uplift the sector and empower local talent."