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.


FaceOf: Fahad bin Sulaiman Altekhaifi, president of the General Authority for Statistics 

Updated 22 min 2 sec ago
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FaceOf: Fahad bin Sulaiman Altekhaifi, president of the General Authority for Statistics 

Fahad bin Sulaiman Altekhaifi has been the president of the General Authority for Statistics (GASTAT) since his appointment to the post in May 2016.

On Monday GASTAT announced this year’s Hajj statistics, revealing detailed information on the number of pilgrims (which amounted to 2,371,675) performing Hajj this year, their genders, nationalities and whether they arrived through air, land or seaports.

The president conveyed his gratitude to all government and security entities that helped the authority to collect data, and praised the 450 GASTAT researchers who worked to compile the information and deliver it to the public.

He said that the collected data would help facilitate better experiences and easier pilgrimages for future programs, and better services for pilgrims — from social to health, and transportation to security and food.

Altekhaifi received his bachelor’s degree in mathematics from King Saud University in 1992, a master’s degree in statistics from Colorado State University in 1996, and his applied statistics and research methodology Ph.D. from the University of Northern Colorado in 2001.

He worked as a manager of a financial program at the Institute of Public Administration in Riyadh from 1993 to 2005. For two years after that, he was a project director at the EIS department in Zuhair Fayez Partnership Consultants.

In 2007, Altekhaifi was appointed a manager of the research department at the Capital Market Authority, before becoming assistant deputy minister for development in November 2011. 

In June 2015, he was the director general of the Central Department of Statistics and Information. He served as the acting president of GASTAT in February 2016, before being appointed president on May 2016.