Saudi Crown Prince oversees agreement to localize military manufacturing

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SEATTLE — Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, in Seattle on Friday oversaw a signing ceremony for the establishment of a joint project aimed at localizing more than 55% of Saudi Arabia’s fixed-wing aircraft and helicopter maintenance, repairs and rehabilitation.

The agreement also includes maintenance to weapon technologies and spare parts in order to achieve the goals set out in the Kingdom’s Vision 2030, which states that 50% of Saudi Arabia’s military spending will be localized.

The deal was signed by Ahmed Al-Khateeb, chairman of the board of directors of the Saudi Arabian Military Industries Company (SAMI) and Boeing CEO and chairman of board of directors Dennis Muilenburg.

The Crown Prince was also briefed on the activities of Boeing Aircraft Industries. During his tour of the company, he was accompanied by Prince Khalid Bin Salman, Saudi Ambassador to the United States, and members of the official delegation accompanying the Crown Prince.

Crown Prince Muhammad left New York arrived in Seattle on Friday from New York.

The Crown Prince is set to spend a few days in Seattle, where about 500 giant companies, including Boeing, Microsoft, Costa, Amazon and Starbucks, have their headquarters -adding to that its significant value for the US economy, technology and tourism. — Agencies


Source :  Saudi Gazeette

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