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Saudi Arabia Launches National Platform to Push Investments in Local Military Industries

Saudi Arabia launched on Monday a number of enablers for local and international investors in the military sector. (Asharq Al-Awsat)
Saudi Arabia launched on Monday a number of enablers for local and international investors in the military sector. (Asharq Al-Awsat)
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Saudi Arabia Launches National Platform to Push Investments in Local Military Industries

Saudi Arabia launched on Monday a number of enablers for local and international investors in the military sector. (Asharq Al-Awsat)
Saudi Arabia launched on Monday a number of enablers for local and international investors in the military sector. (Asharq Al-Awsat)

In a move to push investments in the military industries, Saudi Arabia launched on Monday a number of enablers for local and international investors, allowing them to access the sector’s opportunities.
 
The launching came during a ceremony organized by the General Authority for Military Industries (GAMI), in the presence of the Minister of Investment, Engineer Khaled Al-Falih, Minister of Industry and Mineral Resources Bandar Al-Khorayef, Dr. Faleh Al-Sulaiman, Governor of the General Authority for Defense Development, and a number of CEOs of local companies operating in the sector.
 
The enablers aim to create an attractive and stimulating investment environment for local and international investors in the military industries sector, through the establishment of a national digital platform that achieves integration between all parties operating in the Saudi sector.

The platform will allow investors to access investment opportunities and promote governmental integration between the relevant authorities.
 
Saudi Arabia seeks to localize the military sector, through the development of military industries and technologies, developing national competencies, providing job opportunities for Saudi youth, and increasing the sector’s contribution to the national economy.
 
In a speech on the occasion, GAMI Governor Eng. Ahmed Al-Ohali said that GAMI has focused on enhancing and developing the military procurement mechanism as one of its primary roles since its inception, noting that by working with End Users to optimize the benefits from the Kingdom’s military spending through unifying purchasing power, the Kingdom would gain negotiating power, resulting in savings, localization opportunities, local industry development, and technology transfer.
 
He added that establishing the Military Industries Committee would significantly contribute to supporting the localization of strategic and national military industries and technologies while enhancing communication and knowledge sharing between GAMI and relevant entities.
 
The launching ceremony also saw the announcement of a number of memorandums of understanding aimed at supporting the sector’s directions and achieving its national goals by raising the level of participation of enterprises in developing the sector and supporting its localization process.

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Saudi's flynas Strikes Deal for Additional Airbus A320neos, 15 A330s

Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
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Saudi's flynas Strikes Deal for Additional Airbus A320neos, 15 A330s

Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)
Saudi's flynas strikes deal for additional Airbus A320neos, 15 A330s (flynas)

flynas, Saudi Arabia’s leading low-cost carrier, has signed a Memorandum of Understanding (MoU) with Airbus for 75 A320neo family aircraft and 15 A330-900. This strategic agreement will expand the airline's capacity, range and enhance its overall fleet capabilities.
Signed during Farnborough International Airshow in the presence of President of the General Authority of Civil Aviation (GACA) of Saudi Arabia, Abdulaziz bin Abdullah Al-Duailej, Chairman of the Board of NAS Holding Ayed Al Jeaid, flynas Chief Executive Officer & Managing Director Bandar Almohanna, and Airbus Chief Executive Officer, Commercial Aircraft, Christian Scherer, Airbus said on its website.
The new aircraft will join the carrier’s all Airbus fleet serving international, domestic and regional routes. The new A330-900 aircraft will boast a two-class configuration, accommodating up to 400 passengers.
"We are excited to further strengthen our long-standing partnership with Airbus," said Bander Almohanna, CEO and Managing Director of flynas. "The A320neo Family provides exceptional operational performance and environmental benefits, allowing us to offer unique, low-cost travel experiences. Additionally, the A330neowill enhance our long-haul capabilities with its advanced technology and efficiency while supporting our growth plans and Saudi Arabia’s pilgrim program."
Airbus Chief Executive Officer, Commercial Aircraft, Christian Scherer said, "We are delighted to expand our partnership with flynas through this significant milestone for both A320neo and A330-900 aircraft. The A330neo will allow flynas to further grow into widebody markets by building on the A320, benefiting from Airbus’ unique commonality. Both aircraft types offer flynas the perfect versatility and economics to expand into new markets while offering their passengers the latest cabin experience and comfort. We look forward to continuing our successful collaboration with flynas as they embark on this exciting new chapter."
The addition of the A330-900 aircraft will support flynas' ambitious growth plans. The airline anticipates significant operational efficiency gains by combining the new widebody aircraft with its existing A320neo fleet. The A330-900 offers increased capacity and range at unrivaled seat costs, ensuring flynas can compete effectively in the growing regional market, a key focus area for the airline.
The A330neo delivers unbeatable operating economics, powered by the latest-generation Rolls-Royce Trent 7000 engines, featuring new wings and a range of aerodynamic innovations resulting in a 25 percent reduction in fuel consumption and CO₂ emissions compared to previous generation competitor aircraft. The A330neo is capable of flying 8,150 nm / 15,094 km non-stop, providing ultimate comfort with more passenger space, a new lighting system, latest in-flight entertainment systems and full connectivity throughout the cabin.
As with all Airbus aircraft, the A330 family is already able to operate with up to 50% Sustainable Aviation Fuel (SAF). The manufacturer is targeting to have its aircraft up to 100% SAF capable by 2030.