Saudia Aerospace Engineering Industries’ MRO facility to get off the ground by 2025, says VP

Short Url
Updated 05 June 2022
Follow

Saudia Aerospace Engineering Industries’ MRO facility to get off the ground by 2025, says VP

RIYADH: Saudia Aerospace Engineering Industries’ new maintenance, repair and operations village is expected to be fully operational in 2025. The facility is 50 percent complete and will be ready by the first quarter of 2024.

Speaking to Arab News at the Future Aviation Forum in Riyadh, Majed Sabbagh, VP of transformation and shared services at SAEI, described the growth of opportunities stemming from the new MRO village as massive.

He said that the engineering facility is looking at hiring roughly 7,000 employees to manage its 11 hangars, which is more than double the number of employees they initially had. The headcount could grow even further when it scales up an additional six hangars in the future.

SPEEDREAD

The engineering facility is looking at hiring roughly 7,000 employees to manage its 11 hangars, which is more than double the number of employees they initially had.

The headcount could grow even further when it scales up an additional six hangars in the future.

MRO village is all geared up to offer a wide range of offerings beyond the line maintenance tasks that could simultaneously serve 40 different clients.

MRO village is all geared up to offer a wide range of offerings beyond the line maintenance tasks that could simultaneously serve 40 different clients.

“Base maintenance, or a more thorough checkup for aircraft that require additional time, will also be provided at the new MRO village,” added Sabbagh.

The move assumes significance as the Saudi aviation sector plans to increase its international connectivity to 250 destinations and welcome over 300 million air  passengers by 2030. SAEI has also been signing strategic partnerships to fuel the technology rigors of the MRO facility. For example, it recently tied up with King Abdullah University of Science and Technology as an innovation partner to test new technologies and innovations in the aviation industry.

At the Future Aviation Forum, the company also inked a deal with Saudi Investment Recycling Company.

“We want them to assess potential business opportunities of components we usually scrap such as copper, plastic, synthetic leather, carpet, etc.,” he said while emphasizing the need to make the best of anything worth recycling.


Closing Bell: Saudi main index closes in red at 11,183

Updated 16 February 2026
Follow

Closing Bell: Saudi main index closes in red at 11,183

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 44.79 points, or 0.4 percent, to close at 11,183.85.

The total trading turnover of the benchmark index was SR4.05 billion ($1.08 billion), as 69 of the listed stocks advanced, while 191 retreated.

The MSCI Tadawul Index decreased, down 6.63 points or 0.44 percent, to close at 1,504.73.

The Kingdom’s parallel market Nomu lost 328.20 points, or 1.36 percent, to close at 23,764.92. This comes as 22 of the listed stocks advanced, while 49 retreated.

The best-performing stock was Maharah Human Resources Co., with its share price surging by 7.26 percent to SR6.50.

Other top performers included Arabian Cement Co., which saw its share price rise by 6.27 percent to SR22.71, and Saudi Research and Media Group, which saw a 4.3 percent increase to SR104.30.

On the downside, the worst performer of the day was Arabian Internet and Communications Services Co., whose share price fell by 8.01 percent to SR207.80.

Jahez International Co. for Information System Technology and Al-Rajhi Co. for Cooperative Insurance also saw declines, with their shares dropping by 5.61 percent and 4.46 percent to SR12.79 and SR75, respectively.

On the announcement front, Etihad Etisalat Co. announced its financial results for 2025 with a 7.9 percent year-on-year growth in its revenues, to reach SR19.6 billion.

In a Tadawul statement, Mobily said that this growth is attributed to “the expansion of all revenue streams, with a healthy growth in the overall subscriber base.”

Mobily delivered an 11.6 percent increase in net profit, reaching SR3.4 billion in 2025 compared to SR3.1 billion in 2024.

The company’s share price reached SR67.85, marking a 0.37 percent increase on the main market.