Saudi aircraft firm reveals major growth plans

Saudi military industry aims to create jobs for Saudi people and increase the Kingdom’s export potential. SPA
Updated 27 May 2018
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Saudi aircraft firm reveals major growth plans

  • 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 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.
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.


US Secretary of State Mike Pompeo leaves Riyadh after meeting Saudi king, crown prince

Updated 35 min 36 sec ago
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US Secretary of State Mike Pompeo leaves Riyadh after meeting Saudi king, crown prince

  • Pompeo had a brief meeting with the king before a lengthy, 40-minute discussion with the crown prince
  • The secretary and the foreign minister agreed on the importance of a thorough, transparent, and timely investigation

DUBAI: US Secretary of State Mike Pompeo left Riyadh for Turkey on Wednesday after talks with King Salman of Saudi Arabia and Crown Prince Mohammed bin Salman on the case of the missing Saudi journalist Jamal Khashoggi.

Pompeo had a brief meeting with the king before a lengthy, 40-minute discussion with the crown prince. “We are strong and old allies. We face our challenges together,” the crown prince said as he warmly welcomed Pompeo to the Saudi capital. Later Prince Mohammed also discussed the investigation in a phone conversation with US President Donald Trump.

Saudi Minister of Foreign Affairs Adel Al-Jubeir also had talks with Pompeo. “The secretary and the foreign minister agreed on the importance of a thorough, transparent, and timely investigation,” State Department spokeswoman Heather Nauert said later.

Pompeo will meet Turkish Foreign Minister Mevlut Cavusoglu in Turkey.

Khashoggi, a Saudi citizen who lived in the US, disappeared on Oct. 2 after visiting the Saudi Consulate in Istanbul to complete paperwork related to his divorce. Saudi Arabia and Turkey have set up a joint team to investigate the disappearance.

Officers from the team searched the consulate in Istanbul for eight hours overnight on Monday, and left at 5 am on Tuesday.