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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.