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Leaders
07-05-2025
- Business
- Leaders
Saudi Industry Minister Explores Aerospace Partnership with Airbus in France
Minister of Industry and Mineral Resources Bandar Alkhorayef met with Christian Scherer, CEO of Airbus Commercial Aircraft, and other Airbus executives in Toulouse, France, to explore deeper cooperation in the aviation and space sectors. The meeting was also attended by Laurent Saint-Martin, France's Minister Delegate for Foreign Trade and French Nationals Abroad; Abdulrahman Al Samari, CEO of the Local Content and Government Procurement Authority; and Eng. Saleh Al-Solami, CEO of the National Industrial Development Center. Discussions focused on expanding collaboration in aerospace, particularly in localizing aircraft manufacturing and maintenance technologies within Saudi Arabia. Minister Alkhorayef emphasized the long-standing strategic partnership between the Kingdom and Airbus, which spans nearly 40 years and plays a key role in Saudi Arabia's efforts to develop its aviation and satellite industries. Aerospace He highlighted the alignment between Airbus's capabilities and Saudi Vision 2030, stressing the importance of building local industrial capacity, increasing global competitiveness, and advancing economic diversification and sustainable growth. Alkhorayef outlined the Kingdom's commitment to creating a favorable industrial and investment environment for aviation, with a focus on innovation, supply chain integration, and attracting high-quality investments. To support this, the Kingdom offers several enablers, including streamlined foreign investment procedures, simplified licensing, and access to key raw materials like aluminum and titanium. Additionally, its strategic geographic position linking Europe, Asia, and Africa, along with robust infrastructure and government-backed financial incentives, further enhance its appeal to global aviation firms like Airbus. Alkhorayef also expressed Saudi Arabia's readiness to work with Airbus in addressing global supply chain challenges by leveraging its mineral wealth, logistics capabilities, and skilled workforce to support local production and increase joint investments. Scherer reaffirmed Airbus's commitment to Saudi Arabia, calling the Kingdom a key partner in the Middle East. He praised Vision 2030 for its role in driving economic transformation and confirmed Airbus's interest in expanding cooperation through technology transfer and innovation in aviation and satellite sectors. Saint-Martin echoed the value of the Saudi-French economic relationship, emphasizing the need to strengthen industrial ties—especially in aerospace and satellite technologies—to support shared development goals. Commercial Aviation During the visit, Alkhorayef toured Airbus's main manufacturing site and its commercial aviation and satellite facilities. He was briefed on the company's global operations, expansion strategies, and cutting-edge innovations. He also observed Airbus's advanced production lines and satellite manufacturing technologies, highlighting the potential for future collaboration in space communication and global security. Finally, the visit was part of Alkhorayef's official mission to France aimed at reinforcing industrial and mining partnerships, with a focus on strategic sectors Saudi Arabia is working to localize and grow—chief among them aviation and the food industries. Related Topics: MODON Unveils Jeddah Aviation Hub to Boost Aerospace Leadership Deadly Attack Targets Turkish Aerospace Industries in Ankara Relations between France and Saudi Arabia are deeply strategic: Senator Olivier Cadic Saudi Flynas Acquires lts 53rd of 120 Airplanes in Airbus Order Short link : Post Views: 17
Asharq Al-Awsat
23-04-2025
- Business
- Asharq Al-Awsat
Saudia Group Signs Deal with Airbus to Acquire up to 20 Wide-Body Aircraft
Saudia Group announced in a press release on Wednesday a new aircraft deal with Airbus to enhance its fleet by adding up to 20 new wide-body A330neo aircraft, 10 of which are firm orders for flyadeal, the group's low-cost carrier. The signing ceremony was held at the Airbus factory in Toulouse, France, attended by Saudia Group Director General Ibrahim Al-Omar and Airbus Commercial Aircraft business CEO Christian Scherer. The deal was signed by Saudia Group Vice President of Fleet Management Saleh Eid and Airbus Executive Vice President of Sales of Commercial Aircraft Benoît de Saint-Exupéry, SPA reported. Al-Omar stated: 'Today's deal marks a pivotal milestone in our ambitious strategy to modernize and expand our fleet. It builds on last year's historic deal with Airbus for 105 aircraft. This step aligns with our national strategies under Saudi Vision 2030, which aim to connect 250 destinations and facilitate the travel of over 330 million travelers and 150 million tourists by 2030.' He added: 'This deal supports Saudia Group's plans to grow and improve its operations. It adds to the modernization of our fleet, improves aircraft maintenance, and makes our overall operations more efficient.' According to the release, Saudia Group currently operates a fleet of 194 aircraft, serving commercial aviation, cargo operations, and logistics services. "The group is set for significant expansion, with 191 new aircraft scheduled for delivery in the coming years," it added.
