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Boeing Plans to Increase Investment in Saudi Arabia

Boeing Plans to Increase Investment in Saudi Arabia

Friday, 23 August, 2019 - 08:15
An aerial photo shows Boeing airplanes parked at the Boeing Factory in Renton, Washington, US March 21, 2019. REUTERS/Lindsey Wasson
Riyadh- Asharq Al-Awsat

Boeing said it has entrusted all of its defense operations in Saudi Arabia to the head of its Saudi unit Eng. Ahmed Jazzar.

“Saudi Arabia is one of our key partners, which is driving us to make the necessary changes to be able to grow in the future and to strengthen our partnerships with local companies to support the Kingdom's Vision 2030,” said Leanne Caret, CEO of Boeing Defense, Space, and Security.

“Jazzar will continue to build successful partnerships and joint ventures that will strengthen national industrial capabilities in line with the Kingdom's vision and objectives.”

Sir Michael Arthur, President of Boeing International, said: "Saudi Arabia has a promising potential in the aviation industry. Boeing has made significant investments to develop industries and develop local engineering and industrial skills.

"Our strategy will be to continue to harness the Kingdom's potential for growth and development to create a self-sustaining domestic aviation environment," he added.

Jazzar has been President of Boeing in Saudi Arabia since 2005. He oversees all Boeing operations in the Kingdom, including strengthening partnerships with government agencies, developing and implementing Boeing's Saudi strategy, pursuing Boeing's industrial partnerships and investments in the Kingdom, supporting Social responsibility programs, and consolidating company relationships with customers and stakeholders.

In addition to his current position, Jazzar is Chairman of the Boeing Technology and Industry Group, a member of the Board of Trustees of Al Faisal University, a member of the Board of Directors of Salam Aviation Industry, and a board member of the Saudi Helicopter Support Company.

He holds a bachelor's degree in electrical engineering from the University of Wisconsin-Madison and a degree from Columbia University's Graduate School of Business in New York in the Senior Executive Program.

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