Saudi aviation companies join forces to boost Kingdom’s defense capabilities

Updated 14 November 2017

Saudi aviation companies join forces to boost Kingdom’s defense capabilities

DUBAI: Several Saudi aviation companies have formed an alliance to manufacture airplanes in the Kingdom. The companies signed a memorandum of understanding on the sidelines of the Dubai Airshow on Monday morning.
The initiative was launched by TAQNIA Aeronautics, a subsidiary of the Saudi Technology Development and Investment Co. (TAQNIA), and fits with the aims of Vision 2030 to nationalize the aviation industry and raise domestic industrial output by 50 percent.
The memorandum was signed by the CEOs of TAQNIA Aeronautics, TAQNIA Defense and Security Technologies, Middle East propulsion Co., the Al-Salam Aerospace Industries, the Advanced Electronics Co., the Advanced Arabian Simulation Co., the Saudia Aerospace Engineering Industries, the Aircraft Accessories and Components Co., and the Saudi Rotorcraft Support Co.
The memorandum signals the alliance’s intent to establish three production lines for airplanes in the Kingdom to manufacture, test, supply and maintain three types of aircraft: The Ukrainian Antonov AN-132, the multipurpose American Black Hawk helicopter and drones.
The agreement includes manufacturing airframes and installing and testing high-tech defense technology.
The CEO of TAQNIA Aeronautics, Ali bin Mohammed Al-Ghamdi, a retired major general, said the alliance was open to all qualified Saudi companies in the aviation industry, in a bid to achieve integration, not to create competition, and in order to ensure high profits in the medium to long term.
Abdullah Al-Omary, CEO of the Middle East Propulsion Co., said it is the only company in the Kingdom that maintains and manufactures military aircraft engines. He added that his company has served the Saudi Royal Air Force for over 16 years, and “Saudi Arabia owns 82 percent of the company.”
Hamad Al-Yousefi, CEO of TAQNIA Defense and Security Technologies, said that his company looks forward to cooperating with TAQNIA Aeronautics on the alliance’s projects.
Saudia Aerospace Engineering Industries CEO Ali bin Abdullah Al-Ashban said that the agreement will include the limited manufacturing of spare parts for air-defense aircraft and other aircraft used to support military operations “in order to nationalize this industry and accommodate the increasing demand for it.”


Saudi Ministry of Human Resources and Social Development reports launch of 20 initiatives

Updated 28 February 2020

Saudi Ministry of Human Resources and Social Development reports launch of 20 initiatives

  • Al-Rajhi also announced that the ministry has signed agreements and launched several initiatives to nationalize 595,000 jobs by the end of 202

RIYADH: The Minister of Human Resources and Social Development Eng. Ahmed bin Suleiman Al-Rajhi said on Thursday that the ministry has recently launched 20 new initiatives based on recommendations from entrepreneurs to help develop the Saudi labor market. Al-Rajhi was speaking at a workshop aimed at supporting private sector facilities in Saudi Arabia.

“The ministry, in cooperation with relevant authorities, launched 68 initiatives last year aiming to develop and nationalize the business sector in the Saudi labor market and address related challenges,” he said in his opening speech. “The ministry has achieved everything that was agreed on in meetings and workshops held with businessmen, and the aim of (today’s) meeting is to follow up on the sector’s needs to help develop new initiatives.”

He added that the ministry is working on measuring the impact of the 20 most-recent initiatives on the development of the Saudi labor market, explaining that they were designed to “expand the development of the private sector through automation, enable employees of the private sector to develop incentives and rehabilitation programs, and improve the organization of the labor market by implementing relevant legislation.”

Al-Rajhi also announced that the ministry has signed agreements and launched several initiatives to nationalize 595,000 jobs by the end of 2020. To date, he said, those initiatives have resulted in more than 323,000 Saudis joining the labor market, adding that the ministry is working on nationalizing engineering and health soon.

He finished by saying that the ministry will continue to assist in developing the business sector and increasing Saudis’ participation in economic and national development, in line with Saudi Vision 2030.