Saudi Ara­bia signs deal with Boe­ing to lo­cal­ize de­fense sec­tor Agree­ment in­cludes trans­fer of tech­nol­ogy

Arab News - - SAUDI ARABIA -

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 twinengine Dakota DC-3 air­plane to King Ab­dul Aziz: This event also marked the birth of com­mer­cial air travel in the King­dom.

Saudi Crown Prince Mo­hammed bin Sal­man meets with Ama­zon CEO Jeff Be­zos and Bill Gates, co-founder of Bill and Melinda Gates Foun­da­tion in Seat­tle on Fri­day. In sep­a­rate meet­ings with Be­zos and Gates, the crown prince re­viewed as­pects of co­op­er­a­tion on a num­ber of joint de­vel­op­ment pro­grams and projects. (SPA)

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