Saudi Arabia signs deal with Boeing to localize defense sector

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The joint venture will provide a foundation for future platform sales and for expanding Boeing’s presence in the Kingdom to support market growth in both the commercial and defense sectors. (SPA)
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The agreement, between Saudi Arabian Military Industries company (SAMI) and Boeing, was signed by SAMI chairman Ahmad Al-Khatib and Boeing CEO Denis Mullenberg. (SPA)
Updated 31 March 2018

Saudi Arabia signs deal with Boeing to localize defense sector

JEDDAH: Crown Prince Mohammed bin Salman sponsored the signing of a joint venture agreement between the Saudi Arabian Military Industries Company (SAMI) and Boeing at the latter’s headquarters in Seattle on Saturday, the Saudi state news channel Al-Ekhbariya reported.
The aim of the deal is to localize more than 55 percent of the maintenance and repair of fighter jets and helicopters in the Kingdom. The agreement also included the transfer of technology to integrate weapons on these aircraft and the setting up of a supply chain for spare parts within Saudi Arabia.
The venture is part of efforts to achieve the goals of Saudi Vision 2030.
Commenting on the important milestone, SAMI chief Ahmed Al-Khateeb was quoted in media reports as saying, “Boeing has a long-standing commitment to Saudi Arabia, and is extremely keen on expanding its footprint in the country. Inspired by the vision of Crown Prince Mohammed bin Salman, SAMI is exploring all opportunities to build a strong autonomous military industries ecosystem in the Kingdom.”
Boeing chief Dennis Muilenburg said with this local capability dedicated to sustaining all US-made defense platforms, we can better serve our customers and support the Kingdom’s goals of localization and economic growth.
“We deeply appreciate the trust that the Kingdom of Saudi Arabia in general, and Prince Mohammed bin Salman personally, are placing in Boeing to help deliver Vision 2030 with this new joint venture,” he added.
“Our relationship with the Kingdom dates back more than 70 years, and we look forward to continuing our successful partnership in support of the Kingdom’s national security and aerospace industry needs.”
Dr. Andreas Schwer, CEO of SAMI said: “This deal will enable SAMI and Boeing to play a key role in leading and laying the foundational framework for Saudi Arabia’s defense sector industrialization.”
The joint venture will provide a foundation for future platform sales and for expanding Boeing’s presence in the Kingdom to support market growth in both the commercial and defense sectors.
Boeing’s partnership with Saudi Arabia dates back more than 70 years and is growing from strength to strength. It began on Feb. 14, 1945, when US President Franklin D. Roosevelt presented a twin-engine Dakota DC-3 airplane to King Abdul Aziz: This event also marked the birth of commercial air travel in the Kingdom.
 


Saudi Arabia tells UN: We are promoting sustainable methods in housing

Updated 25 February 2020

Saudi Arabia tells UN: We are promoting sustainable methods in housing

  • Saudi Green Building Forum attended conference at UN headquarters
  • SGBF demonstrated its commitment to affordable housing through environmentally sustainable practices

JEDDAH: The Saudi Green Building Forum (SGBF) has shown that its mission aligns with the UN Commission for Social Development. 

A SGBF delegation attended the 58th session of the commission at UN headquarters in New York City on Wednesday.

The SGBF demonstrated its commitment to affordable housing through environmentally sustainable practices.

“The SGBF supports the integration of affordable housing within urban developments, architectural design and use of materials that support occupants’ wellbeing, and minimizing construction waste through efficient methods,” said Faisal Al-Fadl, SGBF chair representative to the UN.

Al-Fadl told Arab News: “Saudi Arabia is addressing key messages on clean energy and is focusing on a low-carbon, resource-efficient, inclusive circular economy and building systems addressing these core issues.

“The Kingdom is complying with the principle of sustainability and is helping to advance the resilience of our cities.”

The UN Commission for Social Development’s role is to monitor national and global socioeconomic trends, identify emerging issues and assess their implications for social policy at the national and international levels.

The session reviewed some of the social challenges of implementing the 2030 Agenda, with a focus on issues relevant to the three core social development goals identified at the World Summit for Social Development. 

The goals are eradicating poverty, promoting productive employment and decent work and promoting social inclusion.

The SGBF’s mission focuses on the resilience of city development practices within affordable housing developments to minimize negative impacts on the planet and citizens.

The forum addressed the practices of green systems and sustainable development in the Arab world. It said it will continue to work with the commission to support new resolutions on social and development issues, including the first-ever text on homelessness to be approved by a UN intergovernmental body.