TAQNIA Aeronautics and several other Saudi aviation companies have signed a memorandum of understanding (MoU) to manufacture airplanes within the Kingdom. The initiative, which was launched by TAQNIA to meet the goals of Vision 2030 by nationalizing the aviation industry, calls for the establishment of three production lines to manufacture, test, supply and maintain drones, Black Hawk helicopters, and Antonov AN-132 aircrafts. The MoU was signed during the Dubai Airshow by TAQNIA Aeronautics, TAQNIA Defense and Security Technologies, Middle East propulsion Co., the Al-Salam Aerospace Industries, the Advanced Electronics Co., the Advanced Arabian Simulation Co., the Saudia Aerospace Engineering Industries, the Aircraft Accessories and Components Co., and the Saudi Rotorcraft Support Co.
You also might be interested in
Saudi Arabia Macroeconomic Developments According to the General Authority[...]
Organized by Saudi Arabian Military Industries (SAMI) in collaboration with the U.S.-Saudi Arabian Business Council, the Defense Technology and Security Conference concluded its sessions with the participation of more than a dozen high-profile speakers and over 100 industry leaders, advisors, regulators, and influencers who came to discuss and learn more about Saudi Arabia’s vision and strategic outlook in developing its defense industry with a special focus on technology and security as the two main components of the program.
Key Contracts Awards for January 2018 The total value of[...]