Altadrea Manufacturing Company, Teledyne FLIR sign MoU on Strategic Cooperation

The agreement will build strategic cooperation between the two companies to explore development and innovation
The agreement will build strategic cooperation between the two companies to explore development and innovation
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Altadrea Manufacturing Company, Teledyne FLIR sign MoU on Strategic Cooperation

The agreement will build strategic cooperation between the two companies to explore development and innovation
The agreement will build strategic cooperation between the two companies to explore development and innovation

Altadrea Manufacturing Company (TMC), one of the largest armored vehicle manufacturers in Saudi Arabia, has signed a Memorandum of Understanding (MoU) with Teledyne FLIR, a world leader in intelligent sensing solutions for defense and industrial applications.

The agreement will build strategic cooperation between the two companies to explore development and innovation. It is in line with TMC’s 5-year strategy to double its operating capacity by 2025, diversify its portfolio of customers in the public and private sectors, and consolidate its position as the most reliable manufacturer of customized military vehicles in the Kingdom.

The MoU was signed by Altadrea CEO Ayoub bin Fawzi Ayoub bin Sabri and Teledyne FLIR Vice President of Strategic Commercial Initiatives Ole Aguirre.

“The MoU with Teledyne FLIR is a major step forward and it is aligned with the strategic aim of the Saudi General Authority of Military Industries (GAMI), under Vision 2030 to localize the military industry by more than 50% and increase competitiveness in the sector,” said Altadrea’s CEO.

“It will also add value to the Saudi military industry by strengthening local industrial and defense capabilities and facilitating a transfer of technical knowledge to the Kingdom”.



High-Level Saudi Delegation Arrives in Syria to Strengthen Ties, Explore Investments

This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)
This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)
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High-Level Saudi Delegation Arrives in Syria to Strengthen Ties, Explore Investments

This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)
This handout picture released by the official Syrian Arab News Agency (SANA) shows Saudi Arabia's Investment Minister Khalid bin Abdulaziz al-Falih (C-L) and his delegation being received at Damascus International Airport on July 23, 2025. (SANA/AFP/Handout)

In line with the directives of Prince Mohammed bin Salman bin Abdulaziz Al Saud, Saudi Crown Prince and Prime Minister, the Ministry of Investment, in coordination with the Federation of Saudi Chambers of Commerce, kicked off a high-level working visit to Syria on Wednesday.

The visit aims to strengthen and advance the fraternal bonds and historical ties between Saudi Arabia and Syria, and support Syria’s economic recovery and development.

The Saudi delegation, comprising senior officials from both the public and private sectors, aims to explore promising investment opportunities, facilitate bilateral cooperation, and address challenges facing investors to deepen economic ties and support companies from both countries.

The Ministry of Investment is seeking to empower the Saudi private sector to contribute to Syria’s reconstruction and development by identifying interested companies and organizing a series of introductory workshops.

On the sidelines of the visit, the Saudi-Syrian Investment Forum will be held in Damascus, where several joint projects, investment agreements, and memoranda of understanding will be announced, underscoring the Kingdom’s commitment to building a sustainable and strategic economic partnership with Syria.