The Saudi Military Industries Authority announced (Tuesday) the signing of an agreement to localize and develop capabilities between the two firms, “Middle East Aircraft Engines Limited” and the American “Honeywell,” to localize AGT1500 engine repair, maintenance, and overhaul capabilities.
Engineer Qassem Al-Maimani, Deputy Governor of the Authority for the Military Industries Sector, stated that the agreement will help raise system readiness, increase field service and technical support response, and create highly skilled job opportunities for Saudi competencies by leveraging and developing local capabilities.
By the end of 2023, he hoped to have completed the transfer and localization of this engine’s repair, maintenance, and overhaul capabilities. He noted that the agreement is part of the Kingdom’s strategy to encourage the localization of military industries and support its strategy to localize the sector with more than 50% of government spending on military equipment and services by 2030, to create a local and sustainable military industries sector.
Eng. Abdullah Al-Omari, CEO of the Middle East Company, stated that the goal of this partnership is to build partnership and integration relations between the two parties to achieve strategic goals related to enhancing and exploiting capabilities related to the Saudi Arabian military industries sector, as well as ongoing cooperation and coordination between the two companies on all topics of common interest.
The military industries sector in Saudi Arabia is an appealing and significant industry, according to James Chan, Senior Director of Defense and Aerospace at Honeywell Aerospace, which confirms the company’s commitment to contribute to attaining the goals of “Vision 2030”.
It’s worth noting that the Military Industries Authority is collaborating with all of its local and international partners to accelerate the process of localization in the sector, intending to reach the Kingdom’s ambition of localizing more than half of all military spending by 2030.
This will allow it to achieve the Kingdom’s national priorities of increasing strategic independence and contributing to increased military readiness, as well as promoting joint operations among all relevant authorities, developing a sustainable local military industries sector, and increasing transparency and spending efficiency.