Autumn opens the “Industrial Day” event in Marinian, France

Today, the Minister of Industry and Mineral Resources opened the “Industrial Day” event held at the headquarters of the company “Helicobters” in the French city of Marinian, which brings together the suppliers of “Airbus” and Saudi airlines, to explore cooperation opportunities in the aviation industry, and to enhance investment partnerships between the two sides.
The fall stressed during its opening speech that the aviation industry is one of the most prominent industrial sectors that focus on its localization and development of the national industry strategy, to diversify the national economy in line with the targets of the Kingdom’s 2030 vision.

Accelerating the settlement of the aviation sector

The autumn highlights the Kingdom’s ambitions to accelerate the localization of the aviation sector and develop its manufacturing capabilities, noting that building qualitative capabilities for the aviation industry is achieved by several basic factors that include the localization of advanced technologies, the empowerment of the private sector, the promotion of international partnerships, the attracting promising investments, and the benefit from the Kingdom’s strategic ingredients, including its geographical location, competitive energy prices, and its resources The rich mining, and its young competencies, to turn the Kingdom into a global aviation industry.

At the end of his speech, he called on Airbus helicopters and its suppliers network to expand the prospects for cooperation with the Kingdom, in order to achieve the common vision to build a sustainable and competitive airline system.

Quality investment opportunities

The Kingdom has identified several sub -sectors in the aviation industry that provide qualitative investment opportunities estimated at 10 billion riyals, and among those sectors are the maintenance of aircraft structures, the repair of aircraft components, and the manufacture of drones.
The Kingdom seeks to double the industrial gross domestic product from 88 billion dollars to 377 billion dollars by 2035, according to the national industry strategy that put advanced manufacturing, which includes the aviation sector at the heart of its industrial transformation.

The opening of the Minister of Industry and Mineral Resources comes the “industrial day” event during his current official visit to the French Republic, which aims to enhance industrial and mining cooperation, and to discuss joint investment opportunities in promising industrial sectors, foremost of which is aviation and food.