Ƶ to sign memorandum with Boeing to support fleet

The Boeing building is seen next to Boeing Field in Seattle, Washington, US. (Reuters)

NEW YORK: Ƶ will sign a memorandum of understanding (MoU) with US planemaker Boeing Co. to provide support and training to the kingdom’s fleet on an upcoming visit to Seattle, the chairman of the state-owned military industrial company said on Tuesday.
Part of an effort to localize 50 percent of its military industry by 2030, Ahmed Al Khateeb of Ƶn Military Industries (SAMI) said Ƶ is talking with major US companies about their presence in the kingdom.
“We have been in dialogue with them to expand their business in Ƶ. We will sign an MoU with Boeing in our visit to Seattle,” Khateeb told Reuters on the sidelines of the 2018 Saudi US-CEO Forum in New York.
“Hopefully we will be announcing other MoUs with other big American companies,” said Khateeb, who is also chairman of the General Entertainment Authority.
Ƶ’s crown prince is leading a whistle-stop visit to the United States and on Friday is scheduled to travel to the US West Coast.