KSA Industry Minister Meets Airbus, Boeing CEOs
His Excellency the KSA Industry and Mineral Resources Minister, Mr. Bandar bin Ibrahim Al-Khorayef, met with the CEOs of Airbus Helicopters, Boeing and Global Saudi Boeing,
The meeting discussed developing cooperation between the Kingdom and the two companies in the aviation industry.
KSA Industry
The Kingdom of Saudi Arabia (KSA) has a diverse industrial sector that plays a crucial role in the country’s economy.
Furthermore, KSA’s mining sector has been gaining attention, particularly in the development of mineral resources such as gold, phosphate, and bauxite.
Aviation Industry
The expansion of the aviation industry presents the Kingdom with an opportunity to establish an advanced manufacturing base and expand maintenance, repair, and operating services. The Kingdom’s endeavors to attain economic diversification and augment the capacity to attain self-sufficiency in multiple domains are included by this investment in the aviation sector.
Additionally, the growth of the aviation sector is anticipated to support increased investment and job possibilities. The Kingdom is endowed with a welcoming attitude toward travel and tourism. It will also have a favorable effect on the regional civil aviation industry.
This meeting demonstrates the sincere determination to advance modern technology and strengthen the Kingdom’s aviation sector capabilities. Furthermore, it will bolster its standing as a prominent participant in the aviation and space sectors on the global stage.
Also, a recent press release showed that the aviation industry is one of the sub-sectors in the national industrial strategy.
Furthermore, the growth of the aviation industry will help the Kingdom greatly since it will enable the establishment of a base of producers and service providers, primarily for maintenance, repair, and operation.
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