RIYADH: PIF-owned 抖阴短视频n Military Industries signed a deal with Chicago-based Boeing to develop a joint venture aimed at scaling up the Kingdom鈥檚 aviation sector.
The agreement will strengthen 抖阴短视频鈥檚 defense capabilities by providing maintenance, repair, and overhaul services for military platforms, according to a statement by SAMI.
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鈥淭his JV will serve to meet the needs of the growing aviation sector in the Kingdom and paves the way for more fruitful cooperation in the coming years,鈥 said Ahmed Al-Khateeb, SAMI board chairman.
SAMI CEO Walid Abukhaled stated that 鈥渢he JV is a first step toward a broader strategic partnership between SAMI and Boeing in the future.鈥
The move comes in line with a Kingdom-wide vision towards a fully sustainable defense sector by 2030.
