Saudi defence fund speeds up maritime sector push following Houthi advance Updated 13 minutes ago

"This is a bet on Saudi sovereignty, and we want Saudis who believe in the sector sharing in the wins," he said.The firm is speeding up collaboration with so-called Prime Original Equipment Manufacturers and startup unicorns "whose connected, autonomous platforms were designed for exactly what is happening in the Gulf and the Red Sea," Zeigler said.

He declined to name the companies, citing non-disclosure agreements.The Prime manufacturers term refers to major defence firms such as Lockheed Martin and Boeing.MASNA's focus is on autonomous systems including unmanned aerial, surface and underwater vehicles."Maritime is absolutely a priority…we are actively accelerating that domain right now," Zeigler said.Venture capital firms have invested $19.4 billion in defence tech globally this year, double last year's total, according to PitchBook.

Saudi Arabia has recorded VC deals worth about $200 million in 2026, the data platform said.Zeigler has spent most of the last 15 years working in the Kingdom with Saudi and US business, and in venture capital, defence, and investments.

He previously headed Middle East and North Africa operations at Silicon Valley's Pilatus Venture Capital.Read: How Yemen's Houthis went from a small mountain militia to a big regional threatMASNA has partnered with SR2 Defence Systems, a local manufacturer that Zeigler co-founded, to develop advanced defence technology on Saudi soil.The firm also plans to back another joint venture producing anti-drone systems built around "world-leading US hard-kill technology."Drones have played a central….

Saudi Arabia was hit by strikes from groups in recent weeks that threatened its oil exports, while a new Houthi presence near the Bab el-Mandeb strait risks further disrupting Red Sea shipping routes."Right now, it is drones and aerial defence above all else," Zeigler said.

"The events of this past week emphasise those needs."

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