FuturePAF
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KSA did just that in many fields.. mostly concentrating on its resources like OIL.. Check The Saudi Aramco..
And now there are more Aramco-like companies emerging in other fields.. including defence..
There seems to be more to this news then on first pass. The fact that the Saudis never focused on indigenous production, to such a degree, of these technologies means they were leveraging their money for influence, especially when oil prices were high, and the money was just coming in. With influence waning, they must have figured its best to keep the money at home, especially with oil prices low and after all the big ticket items procured under Trump.
Speaking of that, did the big ticket items under trump go into contract, or are they affected under Biden?