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Saudi SAMI Announces Joint Venture Agreement with Boeing

Saudi SAMI Announces Joint Venture Agreement with Boeing
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Saudi SAMI Announces Joint Venture Agreement with Boeing

Saudi SAMI Announces Joint Venture Agreement with Boeing

SAMI group, a wholly owned subsidiary of the Public Investment Fund and the Kingdom’s national defense localization champion, has announced a preliminary agreement with Boeing.

Under the terms of the agreement, both companies will enter into a Kingdom-focused joint venture.

The announcement was made at a signing ceremony during the inaugural World Defense Show in Riyadh.

Commemorating the parties’ intention to sign the definitive agreements in the coming weeks, the ceremony was attended by top officials from both sides, including Ahmed Al-Khateeb, Minister of Tourism and Chairman of SAMI, Leanne Caret, Executive Vice President and Senior Advisor to Boeing Company and Ted Colbert, President and CEO of Boeing Defense, Space and Security.

“As we move towards the realization of our Vision 2030 ambitions for a strengthened defense industry, our long-standing relations with industry leaders such as Boeing will further our success. This joint venture will help to enable more defense manufacturing to take place in Saudi Arabia, ensuring more jobs and prosperity in the Kingdom - now and for generations to come,” said Al Khateeb.

CEO of SAMI Eng. Walid Abukhaled, said: “The maintenance of the rotary fleets operated in the Kingdom by the different forces represents a major opportunity for localization and development of new sustainable skills. Much of this work is currently outsourced to the US or Europe, while aircraft numbers in the Kingdom are expected to double in the next ten years.”

“We also see this joint venture as a first step towards a broader strategic partnership between Boeing and SAMI that will encompass additional platforms and services in the future.”

Under the agreement, the parties will work together through a limited liability company to provide maintenance, repair and overhaul and sustainment services for military rotary platforms currently operated in the Kingdom.

“We are proud of the long-standing 77-year relationship that Boeing has with the Kingdom of Saudi Arabia,” said Torbjorn Sjogren, VP, Boeing International Government & Defense Organization. “This agreement will provide maintenance, repair and overhaul services for the Kingdom’s rotorcraft platforms. It is an excellent example of our alignment with the Kingdom’s Vision 2030.”

“We're committed to our partnership with SAMI, and will continue to work with our stakeholders in the Kingdom to execute on Vision 2030,” he added.

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KSrelief: 1,960 Tons of Assistance Delivered to the Syrian People

54 new trucks entered through the Jaber border crossing into the Syrian capital (SPA)
54 new trucks entered through the Jaber border crossing into the Syrian capital (SPA)
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KSrelief: 1,960 Tons of Assistance Delivered to the Syrian People

54 new trucks entered through the Jaber border crossing into the Syrian capital (SPA)
54 new trucks entered through the Jaber border crossing into the Syrian capital (SPA)

More than 1,960 tons of Saudi aid have been delivered to the Syrian people through both land and air bridges. This assistance includes food baskets, rice, flour, shelter kits, personal care packages, dates, winter clothing, blankets, and medical supplies.

On Sunday, the 13th Saudi relief plane landed at Damascus International Airport, coinciding with the entry of 54 new trucks through the Jaber border crossing into the Syrian capital. These efforts are part of the air and land relief bridges organized by the King Salman Humanitarian Aid and Relief Center (KSrelief) to assist the Syrian people, carrying essential food, shelter, and medical supplies.

The recently arrived relief plane carried approximately 30 tons of aid, according to Syria’s official news agency, SANA. Previously, Syria had received 60 aid trucks via the Saudi land bridge.

According to the King Salman Center, the total aid delivered to Syria thus far amounts to 1,969.66 tons, with 114 trucks crossing the Syrian Nasib border as part of Saudi Arabia’s land relief efforts.

This aid reflects Saudi Arabia’s ongoing humanitarian commitment to supporting the Syrian people during times of crisis, alleviating their hardships.

The Kingdom’s efforts date back to the start of the Syrian conflict in 2011, providing refuge to millions of Syrians and offering free education, healthcare, work opportunities, and integration into Saudi society.

Information obtained by Asharq Al-Awsat revealed that 40 of the trucks were loaded with flour designated for Syria’s General Establishment for Bakeries, aimed at mitigating the economic crisis, particularly the bread shortage, and ensuring continued access to food for Syrian families.

In comments to Asharq Al-Awsat, Mubarak Al-Dosari, Director of Branches at KSrelief, reaffirmed Saudi Arabia’s continued support for providing flour supplies. He stated: “We work tirelessly to bring smiles to the faces of the Syrian people, which is our greatest reward.”

Saudi Arabia had emphasized that there is “no fixed limit” to the aid being sent to Damascus via the air and land bridges. These efforts will continue until the humanitarian goals are achieved, as directed by the Kingdom’s leadership, to alleviate the suffering of those affected.

During an official visit to Damascus on Friday, Saudi Foreign Minister Prince Faisal bin Farhan reiterated his country’s support for Syria’s sovereignty, independence, and territorial integrity, as well as its solidarity with the Syrian people. He stated: “This visit reaffirms Saudi Arabia’s stance in supporting Syria to ensure its security, stability, and resurgence.”

In total, over 1,960 tons of Saudi aid have been delivered to Syria, including food baskets, rice, flour, shelter kits, personal care packages, dates, winter clothing, blankets, and medical supplies as part of the Kingdom’s ongoing relief efforts.