diff --git a/platform/mellanox/libsaithrift-dev.mk b/platform/mellanox/libsaithrift-dev.mk
index e91252e5ab..23133a5b5a 100644
--- a/platform/mellanox/libsaithrift-dev.mk
+++ b/platform/mellanox/libsaithrift-dev.mk
@@ -1,6 +1,6 @@
 # libsaithrift-dev package
 
-LIBSAITHRIFT_DEV_MLNX = libsaithrift-dev_1.2.1_amd64.deb
+LIBSAITHRIFT_DEV_MLNX = libsaithrift-dev_1.3.0_amd64.deb
 $(LIBSAITHRIFT_DEV_MLNX)_SRC_PATH = $(SRC_PATH)/sonic-sairedis/SAI
 $(LIBSAITHRIFT_DEV_MLNX)_DEPENDS += $(LIBTHRIFT) $(LIBTHRIFT_DEV) $(THRIFT_COMPILER) $(MLNX_SAI) $(MLNX_SAI_DEV)
 $(LIBSAITHRIFT_DEV_MLNX)_RDEPENDS += $(LIBTHRIFT) $(MLNX_SAI)
diff --git a/platform/mellanox/mlnx-sai.mk b/platform/mellanox/mlnx-sai.mk
index 5b29943606..e22705a88e 100644
--- a/platform/mellanox/mlnx-sai.mk
+++ b/platform/mellanox/mlnx-sai.mk
@@ -1,7 +1,7 @@
 # Mellanox SAI
 
-MLNX_SAI_VERSION = SAIRel1.12.0-master
-MLNX_SAI_REVISION = 5be04c71508e0688ae004ed838b998dba521f693
+MLNX_SAI_VERSION = SAIRel1.12.1-master
+MLNX_SAI_REVISION = fe6e9d418223de9debd5348bb61af514b1df15f5
 
 export MLNX_SAI_VERSION MLNX_SAI_REVISION