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Saudi aircraft firm reveals major growth plans

Discussion in 'Greater Asia & Middle East' started by Hindustani78, May 27, 2018.

  1. Hindustani78

    Hindustani78 Lieutenant FULL MEMBER

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    http://www.arabnews.com/node/1310226/saudi-arabia
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    Saudi military industry aims to create jobs for Saudi people and increase the Kingdom’s export potential. SPA

    • The AACC signed an agreement to handle maintenance of C-130 aircraft system with the Saudia Aerospace Engineering Industries
    • The AACC signed an agreement to maintain landing systems with Saudi Arabian Airlines
    JEDDAH: The new Aircraft Accessories and Components Company (AACC) headquarters at King Abdul Aziz International Airport in Jeddah were officially opened on Friday by Saudi Arabian Military Industries (SAMI) Chairman Ahmed Al-Khatib.

    In his opening speech, Eng. Mansour Al-Eid, AACC’s chief executive, said that the establishment of the

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    General Authority for Military Industries and SAMI had helped to create jobs for Saudi people, boost the national income and increase the Kingdom’s export potential.

    SAMI aims to contribute around SR14 billion ($3.73 billion) directly to Saudi Arabia’s gross domestic product (GDP).

    Al-Eid said that the AACC aims to increase its job localization rate from 62 percent to 80 percent in the next two years.

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    The company is planning to increase repair capacity for Typhoon jets and the manufacture of major spare parts and hydraulic systems for the Hawk and Pilatus PC-21. It will also focus on the repair of landing systems for civilian aircraft and Lockheed C-130 aircraft systems — a first for the Middle East and North Africa region.

    Al-Eid confirmed the company can now carry out maintenance on the largest commercial aircraft, including Boeing 777, and Airbus 320 and 380, in its facilities.

    Al-Khatib witnessed the signing of several agreements between AACC, represented by Al-Eid, and Saudi Arabian Airlines, BAE Systems Saudi Arabia and the Saudia Aerospace Engineering Industries.
    The AACC signed an agreement to maintain landing systems with Saudi Arabian Airlines, represented by its Director General Saleh Al-Jasser.

    It also signed an agreement with BAE Systems Saudi Arabia, represented by Khalid Al-Otaibi, vice president for localization, for the localization of Typhoon and PC-21 hydraulic systems jobs.

    The AACC signed an agreement to handle maintenance of C-130 aircraft system with the Saudia Aerospace Engineering Industries, represented by Mohammed Bahamaidan, vice president for the military sector.
     
  2. Hindustani78

    Hindustani78 Lieutenant FULL MEMBER

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    http://www.arabnews.com/node/1310291/saudi-arabia

    JEDDAH: Ahmad Al-Khatib was appointed the chairman of the board of directors of the Saudi Arabian Military Industries (SAMI) in October 2017.

    He also holds the posts of chairman of the board of directors of the General Entertainment Authority (GEA) since 2016; chairman of the board of directors of the Saudi Fund for Development; adviser to the general secretariat of the Cabinet; adviser to the minister of defense; and adviser to the court of the crown prince.

    Al-Khatib inaugurated on Friday the new facilities of the Aircraft Accessories and Components Company (AACC) at its new headquarters at King Abdul Aziz International Airport in Jeddah during a ceremony under the patronage of Crown Prince Mohammed bin Salman.

    SAMI aims to reduce the country’s reliance on foreign purchases of military products and become one of the top 25 global companies in the field of military industries.

    “Our goal is to localize more than 50 percent of the Kingdom’s military spending by 2030,” said the crown prince in his earlier statement.

    Al-Khatib is a former adviser to the royal court, was the minister of health between 2014 and 2016, and served as the chairman for the Saudi stock company established in 2006, Jadwa Investment.

    Al-Khatib has 23 years of experience in banking. In 1992 he joined the Bank of Riyad, working in various departments for 11 years and helping to establish the customer investment department.

    In 2003, Al-Khatib joined SABB Bank and participated in the establishment of Islamic Banking (Amanah). He then became the bank’s general manager.
     

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