SAMI to become authorized repair center for C-130 Hercules aircraft, Airbus rotorcraft platforms

The deals were signed during the Farnborough International Airshow in the UK. SPA
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Updated 23 July 2024
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SAMI to become authorized repair center for C-130 Hercules aircraft, Airbus rotorcraft platforms

  • SAMI signed two agreements with Lockheed Martin and Airbus Helicopters at the Farnborough International Airshow
  • The deals fall in line with SAMI’s aim to be among the top 25 defense companies in the world by 2030

RIYADH: Aerospace and defense firm Saudi Arabian Military Industries will become an authorized center for C-130 Hercules aircraft and Airbus rotorcraft platforms as it extends its maintenance, repair, and overhaul capabilities. 

MRO services include the repair and refurbishment of highly engineered components and assemblies, such as cases, rotating life-limited parts, rotating air seals and turbine shrouds, as well as vanes and honeycomb air seals. 

The Public Investment Fund-owned company signed two agreements with major original equipment manufacturers Lockheed Martin and Airbus Helicopters during the Farnborough International Airshow, held in the UK from July 22 to 26, the Saudi Press Agency reported.

The deals fall in line with SAMI’s aim to be among the top 25 defense companies in the world by 2030. It also aligns with the Kingdom’s goal of strengthening its defense sector and boosting localization as a top priority, with Saudi Arabia targeting to domesticate 50 percent of its defense spending by 2030. 

“The two partnerships underline our commitment to fostering local capabilities and reiterate our goal to further localizing the defense industry sector,” SAMI’s CEO Walid Abukhaled said. 

Through the first deal, SAMI Alsalam will be certified as a Lockheed Martin 14-approved C-130 Hercules Service Center worldwide. The second agreement will see the company committing to localizing MRO capabilities through Airbus Helicopters to enhance rotorcraft competence. 

The aviation sector in the Kingdom is experiencing substantial growth, due to billion-dollar investments in the Vision 2030 plan, which aims to diversify the economy beyond fossil fuels and promote the private sector. 

“We will continue to focus on training and developing national talent through such programs with leading global companies, aiming to support the localization of over 50 percent of government spending in line with the objectives of Saudi Vision 2030,” Abukhaled added.

SAMI Aerospace Executive Vice President Abdulsalam Al-Ghamdi said: “The partnerships mark an important milestone, further enhancing our capabilities to provide maintenance, repair, overhaul, engineering services, and structural modification services with the highest international standards for C-130 Hercules platform.
 
“SAMI Alsalam Aerospace Industries will extend its support to the operators of these aircraft both regionally and internationally,” Al-Ghamdi added.

In February, Abukhaled said that Saudi Arabia’s social transformation is one of the “fastest in history” facilitated by the government.

Speaking at the World Defense Show 2024 at the time, the CEO added that significant changes are occurring that may not be immediately apparent.


Diriyah Co. partners with Midad to develop Four Seasons hotel in Diriyah 

Updated 07 January 2026
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Diriyah Co. partners with Midad to develop Four Seasons hotel in Diriyah 

RIYADH: Saudi Arabia’s sovereign wealth fund-backed developer, Diriyah Co., has signed a joint development agreement with Midad Real Estate Investment and Development Co. to construct the Four Seasons Diriyah Hotel and private residences. 

The partnership will strengthen collaboration between the two companies through the development of the luxury Four Seasons Diriyah, which will feature 159 rooms, alongside private Four Seasons residences, spanning approximately 235,000 sq. meters within Diriyah’s master plan. 

The project’s total value is projected at SR3.1 billion (approximately $827 million), encompassing both land acquisition and construction expenses. 

Midad is one of the Kingdom’s leading real estate developers, expanding its portfolio of high-end projects and maintaining numerous strategic partnerships with prominent global brands, reinforcing its reputation as a trusted name in luxury residential and hospitality development across Saudi Arabia. 

This partnership marks the first major collaboration between Diriyah Co. and Midad, supporting Diriyah’s plans to develop 40 luxury hotels across its two main projects: the 14-sq.-km Diriyah Project and the 62-sq.-km Wadi Safar Project, a premium destination that blends lifestyle, culture, and entertainment. 

Commenting on the agreement, Minister of Tourism and Secretary-General of Diriyah Co., Ahmad Al-Khatib, said: “The Kingdom continues to set new standards in developing tourism destinations, with Diriyah at the forefront.” 

He added that such partnerships enhance the world-class experiences Saudi Arabia offers and strengthen the Kingdom’s position as a leading destination in this sector. 

Diriyah Co. CEO Jerry Inzerillo commented that the Four Seasons Diriyah Hotel and Residences will be one of the Kingdom’s largest luxury hotels. 

“We are proud to announce this joint development with Midad, one of Saudi Arabia’s top real estate developers. This agreement reflects our ongoing commitment to enabling Saudi partners to contribute to Diriyah’s transformative journey and confirms Midad’s confidence in the opportunities the project presents,” Inzerillo added. 

Midad CEO Abdelilah bin Mohammed Al-Aiban said: “This project is a pivotal milestone for our company, allowing us to bring the Four Seasons experience to one of the Kingdom’s most prominent heritage destinations.” 

He added: “We are excited to deliver a project that embodies design excellence, world-class service, and sustainable value, while contributing meaningfully to Saudi Arabia’s tourism, cultural, and economic ambitions.” 

The collaboration comes amid rapid progress on the SR236 billion Diriyah project, which has awarded construction contracts worth more than SR101.25 billion to date. 

Diriyah is expected to contribute approximately SR70 billion directly to the Kingdom’s gross domestic product, create more than 180,000 jobs, accommodate 100,000 residents, and host around 50 million annual visitors. 

The development will feature contemporary office spaces accommodating tens of thousands of professionals across technology, media, arts, and education, complemented by museums, retail destinations, a university, an opera house, and the Diriyah Arena.  

It will also offer a diverse selection of restaurants and cafes, alongside nearly 40 world-class resorts and hotels distributed across its two primary master plans.