The National Industrial Development Centre signed a cooperation memorandum with European aerospace corporation Airbus to explore opportunities for developing and localising the aviation and helicopter industry in Saudi Arabia.
The signing took place on the sidelines of the World Defense Show in Riyadh
under the patronage of Minister of Industry and Mineral Resources Bandar
Alkhorayef.
Under the memorandum, the two sides aim to strengthen collaboration to
establish an integrated aviation industrial base in the Kingdom.
They will study the creation of an
engineering centre to develop national capabilities in manufacturing, assembly,
maintenance, and repair, alongside a supporting logistics network.
The agreement also covers technology and knowledge transfer, encouraging global
suppliers to invest in Saudi Arabia, and developing Saudi talent through
educational and training partnerships with domestic institutions.
It
includes coordination with relevant authorities to examine procurement options,
support the shift toward exports, and explore incentives and financing
mechanisms to enhance project readiness and competitiveness. -TradeArabia News Service
