Saudi Arabia explores helicopter manufacturing partnership with Airbus 

Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef speaking in Marignane, France. X/@BAlkhorayef
Short Url
Updated 06 May 2025
Follow

Saudi Arabia explores helicopter manufacturing partnership with Airbus 

RIYADH: Saudi Arabia is exploring joint manufacturing opportunities with Airbus Helicopters as part of its broader effort to localize advanced aviation technologies and strengthen the domestic industry.

The discussions were held during the “Industrial Day” event at Airbus Helicopters’ headquarters in Marignane, France, in the presence of the Kingdom’s Minister of Industry and Mineral Resources Bandar Alkhorayef, company executives, Saudi aviation suppliers, and Airbus’s global network of partners. 

The visit marks a key milestone in the Kingdom’s push to become a global hub for the aerospace industry under Vision 2030. 

In a post on X, Alkhorayef said the event “emphasized the importance of localizing technology, strengthening international partnerships, and leveraging the Kingdom’s assets and mineral resources to become a pivotal hub for the aviation industry.”

During the gathering, the Saudi delegation met with Airbus Helicopters CEO Bruno Even, reviewed the company’s advanced aircraft production technologies, and explored potential areas for investment and joint manufacturing in helicopters and related sectors.

Alkhorayef emphasized the strategic importance of the aviation industry to Saudi Arabia’s industrial development plans, calling it one of the most promising advanced sectors for localizing capabilities and developing high-value technologies. 

He added that Saudi Arabia is focused on building a globally competitive manufacturing base, highlighting the country’s commitment to localizing the aviation sector through industrial partnerships and foreign investment. 

The minister said the Kingdom offers robust fundamentals for industrial growth, including mineral wealth, energy resources, skilled labor, and a business-friendly investment environment. 

He stated that Saudi Arabia’s aerospace strategy includes the localization of helicopter production, unmanned aerial vehicles, and the development of maintenance, repair, and overhaul services. 

The market for these capabilities is projected to exceed $10 billion. 

By 2035, the aerospace sector is expected to contribute $88 billion to the Kingdom’s gross domestic product and support more than 377,000 jobs, according to a statement from the ministry. 

During the meeting, Airbus Helicopters executives presented the company’s manufacturing capabilities and expressed interest in deepening collaboration in areas such as assembly, aviation maintenance, and innovation in rotorcraft technology. 

The discussions also addressed opportunities for technology transfer and industrial training to support Saudi Arabia’s ambition of becoming a regional aerospace center. 

The Saudi delegation included senior officials such as the National Industrial Development Center CEO Saleh Al-Sulomi and was part of a broader official visit to France. 

The visit aimed to strengthen bilateral ties and explore strategic cooperation in mining, aviation, and industrial development. Meetings were also held with French government representatives and business leaders to discuss expanding investment flows and industrial partnerships. 

Alkhorayef stressed that the Kingdom’s long-term goal is to diversify its economy by accelerating the growth of high-tech industries and integrating into global manufacturing value chains. 

The nation’s unique competitive advantages — including its strategic location, mineral reserves, energy capacity, and logistics infrastructure — position it as a compelling destination for industrial investment.


Saudi Arabia leads GCC markets in January: Kamco Invest 

Updated 5 sec ago
Follow

Saudi Arabia leads GCC markets in January: Kamco Invest 

  • Saudi exchange records its biggest monthly climb in five years

RIYADH: Saudi Arabia led Gulf equity gains in January as regional markets outperformed most global benchmarks, buoyed by earnings optimism and strong non-oil growth expectations, according to an analysis. 

In its latest report, Kamco Invest said Saudi Arabia’s exchange recorded a monthly gain of 8.5 percent in January, marking its biggest climb in five years. 

The strong performance across most regional exchanges came as Gulf Cooperation Council equity markets continue to attract global capital, supported by solid corporate earnings and ongoing economic reforms. 

“The benchmark Tadawul All Share Index closed at 11,382.08 points, up 8.5 percent, marking its strongest monthly performance since February 2022,” said Kamco Invest. 

It added: “The rally was driven by optimism surrounding earnings in the fourth quarter of 2025, the anticipated opening of the market to foreign investors, and the robust non-oil growth prospects.” 

In January, Saudi Arabia’s Capital Market Authority announced that the Kingdom’s stock market would open to all categories of foreign investors from Feb. 1, allowing direct investment in the main market. 

To facilitate foreign participation, the CMA introduced several changes, including removing the Qualified Foreign Investor framework — which required a minimum of $500 million in assets under management — and abolishing swap agreements. 

The monthly performance chart in Saudi Arabia was led by Almasane Alkobra Mining Co., which rose 32.7 percent, followed by Saudi Arabian Mining Co. and Tourism Enterprise Co., which gained 26.8 percent and 23.4 percent, respectively. 

Total trading volume on the Saudi exchange reached 4.9 billion shares in January, representing a 43.3 percent increase from December. 

The value of trading stood at SR99.9 billion ($26.63 billion), up 36.2 percent month on month. 

According to Kamco Invest, Oman’s exchange rose 7.9 percent, followed by Dubai at 6.4 percent. 

Boursa Kuwait posted the biggest decline in January at 3.8 percent, while Bahrain edged down 1.1 percent. 

“The MSCI GCC index witnessed one of the strongest monthly performances globally with a monthly gain of 7.8 percent during January 2026, the biggest in almost six years since April 2020. The index closed the month at 791.8 points, the highest monthly close in almost 3.5 years,” said Kamco Invest. 

It added: “The rally was consistent with the broader rally in global Emerging Market indices led by double-digit gains in Korea, Taiwan and Brazil, reflecting strong buying in technology stocks.” 

At the global level, emerging markets outperformed advanced economies, with the MSCI Emerging Market index rising 8.8 percent. 

Markets in the US and Europe remained volatile due to geopolitical tensions and tariff concerns, but staged a late-month rally after sharp declines in the third week, closing January with low single-digit gains.