Saudi Arabia’s National Industrial Development Center has signed a memorandum of cooperation with European aerospace company Airbus to explore opportunities for the development and localization of the aviation and helicopter industry in Saudi Arabia.
The signing took place on the sidelines of the World Defense Show in Riyadh under the auspices of Industry and Mineral Resources Minister Bandar Alkholayev, the Saudi Press Agency reported.
Under this MoU, the two countries aim to strengthen cooperation in establishing an integrated aviation industrial base in the Kingdom. They will consider creating an engineering center to develop national capabilities in manufacturing, assembly, maintenance and repair, alongside a supporting logistics network.
The agreement also includes the transfer of technology and knowledge, encouraging global suppliers to invest in Saudi Arabia, and developing Saudi talent through education and training partnerships with domestic institutions. This includes coordinating with relevant authorities to consider procurement options and consider incentives and financing mechanisms to support export transition and enhance project readiness and competitiveness.
The MoU reflects Saudi Arabia’s commitment to localizing high-value industries and strengthening its position as a technology and industrial hub in the aviation sector. To achieve this, Saudi Arabia is committed to building partnerships with the world’s leading aerospace companies that foster investment opportunities, create professional jobs, and stimulate growth in local supply chains.
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