Strong Saudi Participation at Farnborough Airshow

A model of the proposed jet fighter aircraft Tempest, a joint program by a consortium known as "Team Tempest", which includes Britain's Ministry of Defense, BAE Systems, Rolls-Royce, Leonardo SPA, MBDA and Saab, is pictured in the BAE hall during the Farnborough Airshow, in Farnborough, on July 18, 2022. (AFP)
A model of the proposed jet fighter aircraft Tempest, a joint program by a consortium known as "Team Tempest", which includes Britain's Ministry of Defense, BAE Systems, Rolls-Royce, Leonardo SPA, MBDA and Saab, is pictured in the BAE hall during the Farnborough Airshow, in Farnborough, on July 18, 2022. (AFP)
TT

Strong Saudi Participation at Farnborough Airshow

A model of the proposed jet fighter aircraft Tempest, a joint program by a consortium known as "Team Tempest", which includes Britain's Ministry of Defense, BAE Systems, Rolls-Royce, Leonardo SPA, MBDA and Saab, is pictured in the BAE hall during the Farnborough Airshow, in Farnborough, on July 18, 2022. (AFP)
A model of the proposed jet fighter aircraft Tempest, a joint program by a consortium known as "Team Tempest", which includes Britain's Ministry of Defense, BAE Systems, Rolls-Royce, Leonardo SPA, MBDA and Saab, is pictured in the BAE hall during the Farnborough Airshow, in Farnborough, on July 18, 2022. (AFP)

Saudi Arabia is participating in the Farnborough International Airshow, through a pavilion organized by the General Authority for Military Industries, under the slogan, “Invest in Saudi Arabia.”

Leaders of the aviation and defense industry from all over the world are preparing to participate in the exhibition after a three-year interruption due to the Covid-19 pandemic. Seventy of the 100 largest global airlines are expected to join the event, which is being held on July 18-22.

The Kingdom’s pavilion includes the Ministry of Investment, the Saudi Military Industries Company (SAMI) and the World Defense Exhibition (WDS).

The world exhibition will display the most advanced aircraft in the field of commercial and military aviation, and will focus on six main themes, including: aerospace, defense, sustainability, innovation, future aviation, and workforce.

Airbus and Boeing will also showcase their latest twin-aisle passenger aircraft, the A350-900 and the 777X.

Meanwhile, sources said that Etihad Airways in Abu Dhabi confirmed the order for the purchase of seven Airbus A350 cargo planes, although it was not clear whether this deal would be disclosed during the exhibition.

Airbus revealed the order in its latest monthly bulletin, without disclosing the buyer. Airbus declined to comment, while Etihad Airways did not immediately respond to a request for information.

Sources said that German Lufthansa was likely to conclude a deal to buy about 10 large Boeing freighters, including seven of the recently launched cargo version of the 777X.

No comment was issued by any of the parties before the start of the exhibition, which will continue despite warnings of emergency weather and transportation disruptions caused by expectations of temperatures rising to record levels.



Saudi-Thai Economic and Trade Committee Discusses Boosting Trade

The meeting was attended by Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Thai counterpart, Maris Sangiampongsa. SPA
The meeting was attended by Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Thai counterpart, Maris Sangiampongsa. SPA
TT

Saudi-Thai Economic and Trade Committee Discusses Boosting Trade

The meeting was attended by Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Thai counterpart, Maris Sangiampongsa. SPA
The meeting was attended by Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Thai counterpart, Maris Sangiampongsa. SPA

The Economic and Trade Committee of the Saudi-Thai Coordination Council held on Thursday its first meeting in Bangkok to strengthen trade relations between the two countries.

The meeting was attended by Saudi Minister of Foreign Affairs Prince Faisal bin Farhan bin Abdullah and his Thai counterpart, Maris Sangiampongsa.

The meeting was chaired by General Authority of Foreign Trade (GAFT) Deputy Governor for International Relations Abdulaziz bin Omar Al-Sukran and Thai Ministry of Commerce Permanent Secretary Vuttikrai Leewiraphan.

The committee aims to strengthen trade relations between Saudi Arabia and Thailand by exchanging expertise; fostering cooperation in economic and developmental fields; promoting food, health, and halal products; advancing industrial development; involving the private sectors of both countries in trade fairs and conferences; and addressing trade obstacles and challenges facing both nations.

The volume of trade between Saudi Arabia and Thailand reached more than $6 billion by the third quarter of 2024. Prominent Saudi exports included mineral products and fertilizers, while major Thai imports to the Saudi market included automobiles and their parts, as well as machinery and mechanical tools and their components.