Sunday, October 20, 2024
Saudi Arabia strikes contract with Italian aerospace company to localize helicopter manufacturing
Bandar Al Khorayef, Saudi Arabia's minister of industry and mineral resources, recently met with Stefano Pontecorvo, chairman of the board of directors of Leonardo, an Italian multinational that focuses on aerospace, defense, and security. The purpose of the meeting was to examine ways to deepen their existing partnership, as per Saudi Press Agency (SPA). Trending : New domestic service packages introduced in Saudi Arabia
They met mainly to discuss the possibility of Saudi Arabia being a manufacturing hub for various helicopter parts, like as structural parts, propellers, fins, and EFS.
Leonardo has been a leading provider of platforms, systems, and services to the Saudi Arabian market for more than half a century.
The goal of Saudi Arabia's Vision 2030 is to create a strong and diverse economy that is not dependent on oil, and this partnership is in line with that vision.
Saudi Arabia hopes to build a domestic supply chain for its aviation industry, create jobs, and ease technology transfer by producing helicopter components locally. Most Viewed : Traffic violations fines discount extended for another 6 months
The goal of this program is to strengthen the nation's capacity to manufacture engine, drone, and navigation system spare parts and provide maintenance, repair, and overhaul (MRO) services.
By the year 2030, the Saudi aviation industry is expected to add $3 billion (Dh11 billion) to the GDP.
During his visit to Leonardo, Al Khorayef emphasized the importance of the country's aviation industry and its desire to achieve its economic goals by utilizing global experience. Join Saudi Expatriates channel on imo
Saudi Arabia strikes contract with Italian aerospace company to localize helicopter manufacturing
