Industry minister inaugurates advanced factories in Sudair

Saudi Industry Minister Bandar Alkhorayef inaugurates advanced manufacturing facilities in Sudair City for Industry and Businesses on Feb. 16 as part of efforts to localize high-value industries and strengthen food and health security. SPA.
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Updated 17 February 2026
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Industry minister inaugurates advanced factories in Sudair

SUDAIR: Minister of Industry and Mineral Resources and Chairman of the Board of the Saudi Authority for Industrial Cities and Technology Zones, known as MODON, Bandar Alkhorayef, on Feb. 16, inaugurated several advanced factories to produce food, pharmaceuticals, medical equipment, and construction materials in Sudair City for Industry and Businesses.

The move is part of the ministry’s efforts to localize high-value industries and enhance the Kingdom’s health and food security.

The minister inaugurated the Sierra Life factory, the first facility in the Middle East specializing in producing medical foods for metabolic disorders.

This strategic investment aims to localize advanced therapeutic food production and integrate the industrial and health sectors to meet medical needs previously heavily reliant on imports.

Alkhorayef reviewed precise production lines for patients with metabolic disorders such as phenylketonuria, or PKU, and urea cycle disorders, as well as gluten-free and low-protein products for celiac patients.

The facility employs advanced manufacturing technologies and global quality standards, establishing a unique medical-industrial hub serving specialized medical cases in the region.

The minister also inaugurated the Sudair Warehouses project, representing an important step in developing logistics and industrial infrastructure.

The project reflects the industrial sector’s commitment to supporting industrial investors, stimulating high-value investments, and enabling national supply chains, thereby contributing to the achievement of Saudi Vision 2030 objectives.

Among the facilities inaugurated was Qomel Pharmaceutical Industries, supporting the localization of biopharmaceutical production in Saudi Arabia.

During his tour, the minister also reviewed the fully integrated industrial environment for producing solid pharmaceutical forms, such as tablets and capsules, advanced manufacturing operations, robust quality systems, high-level regulatory compliance procedures, and modern technologies that enhance production efficiency according to international standards. These measures help ensure product quality, reliability, and safety.

Alkhorayef also inaugurated Al-Hatab Foods Factory, the largest chilled food facility in the Middle East and a pioneering national project supporting the growth of the Kingdom’s food industry.

The minister reviewed advanced manufacturing methods that reduce bacterial growth and prolong shelf life without preservatives or heat treatment, maintaining nutritional value and high quality.

Al-Hatab operates 15 production lines for a wide range of fresh foods, including juices, salads, and sandwiches, with a capacity exceeding 6 million units per week, meeting growing domestic demand and reflecting the evolution of the Saudi food industry.

Alkhorayef also inaugurated the Industrial Orthopedic Co., which focuses on localizing the production of orthopedic medical devices. He reviewed production processes and technologies for manufacturing rods and screws for limb and spinal fracture treatment, artificial joints, and patient-specific products using 3D printing.

The project is currently undergoing operational testing, qualification, and workforce training, while quality, documentation, and traceability systems are being finalized ahead of full-scale production and regional and global expansion.

Additionally, the minister inaugurated a factory specializing in construction panels and industrial building solutions, providing sustainable insulation products that support the Kingdom’s construction sector.

The facility represents an investment of SR100 million ($27 million), incorporates 80 percent industrial automation across its production lines and operations, and has an annual capacity of 200,000 linear meters of insulating panels.

During his visit to Sudair City for Industry and Businesses, the minister also inaugurated the ready-made factories project, developed by Pan Kingdom Co.

This initiative is a key step in developing logistical and industrial infrastructure, supporting industrial investors, promoting strategic investments, and enabling national supply chains, contributing to the objectives of Saudi Vision 2030.

The project provides advanced operational spaces, fosters the growth of the manufacturing sector and creates quality jobs, as well as enhances local content and strengthens industrial sector efficiency.

The minister’s visit underscores the ministry’s commitment to creating a competitive investment environment in the industrial sector, developing infrastructure in industrial cities, and expanding the localization of industries related to food and health security, further positioning the Kingdom as a leading industrial hub regionally and globally.


PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

Updated 27 February 2026
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PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

RIYADH: Saudi Arabia’s Public Investment Fund-backed AviLease achieved exceptional performance and sustainable business growth during 2025, supported by the strategic expansion of its global platform.

According to its financial results for 2025, AviLease recorded total revenues of $664 million, an annual increase of 19 percent, driven by disciplined growth in its asset portfolio and strong performance in aircraft remarketing amid sustained global demand for modern, fuel-efficient aircraft, the Saudi Press Agency reported.

Profit before tax doubled compared to the previous year, reaching $122 million. The year witnessed an expansion in AviLease’s portfolio, reaching 202 owned and managed aircraft, leased to over 50 airline companies in more than 30 countries. 

The total value of the company’s assets stabilized at $9.3 billion. AviLease maintained a 100 percent fleet utilization rate, reflecting the resilience of its business model, the efficiency of its asset management, and the strength of its strategic relationships with airlines around the world.

AviLease concluded purchase agreements for aircraft from Airbus, including the A320neo family and A350F, and Boeing 737 aircraft, aiming to enhance its future asset portfolio with modern, fuel-efficient aircraft. This step will contribute to supporting future growth and meeting increasing customer demand for the latest aircraft, aligning with the Kingdom’s ambitions to become a leading global aviation hub.

AviLease strengthened its prestigious credit standing by obtaining a strong Baa2 credit ratings from Moody’s and BBB from Fitch, reflecting its financial solidity, managerial discipline, and efficiency in managing leverage. The company also successfully issued senior unsecured bonds worth $850 million last November under Regulation 144A/RegS. This issuance contributed to diversifying its funding sources and enhancing its financial flexibility.

Commenting on the results, AviLease CEO Edward O’Byrne said: “This exceptional performance reflects the quality of the company’s investment portfolio, the strength of its partnerships with airlines, and its strategic focus on responsibly deploying capital into highly sought-after, efficient, modern aircraft assets.”

He added: “As aviation markets continue to grow, AviLease is strategically positioned to continue its expansion plans and deliver sustainable long-term value for shareholders, contributing to the Kingdom’s ambitions.”

Throughout 2025, AviLease continued to play a pivotal role in the Kingdom’s growing aviation sector and contributed directly to the launch and scaling of the new national carrier, Riyadh Air, by completing a sale and leaseback transaction for a Boeing 787-9 aircraft, which thereby became the first aircraft to join the airline’s fleet.

AviLease also established a strategic partnership with Hassana Investment Co. This partnership aims to provide an opportunity for local and international investors to enter the aircraft financing asset class and benefit from AviLease’s technical expertise and operational capabilities to support partnership growth and enhance performance. 

Hassana Investment Co. has agreed to acquire an initial portfolio of 10 modern aircraft from AviLease.