FIGEAC AÉRO Group, the reference partner for major companies in the aerospace industry, Al Salam Aerospace Industries Co, AMIC (Advanced Metal Industries Cluster Co.Ltd), an affiliated company of Tasnee and Industrial Clusters signed a memorandum of understanding (MoU) to study the opportunities for the development of aircraft precision machining production plant in Saudi Arabia.
Image Source: FIGEAC AÉRO
The facility will manufacture products for civil and military aircrafts. The project comes in line with Saudi Arabia’s Vision 2030 to localise military and advanced industries and diversifying the national economy.
“The partnership aims to identify the market potential in this geographic region and study the opportunities for the development of an industrial site specialising in the production of precision-machined aluminium and titanium parts, sub-assemblies and the creation of a dedicated sales force, according to FIGEAC AÉRO press release.
“This agreement comes under the umbrella of the National Industrial Clusters Development Program, a government entity under the Ministry of Energy, Industry and Mineral Resources, which reflects the eagerness of TASNEE in collaboration with its partners to actively contribute in maximizing local content in the military industries in general, and aviation industry in particular, to contribute to the achievement of the Saudi Vision 2030,” added Dr Fadi Ben Mohamed Trabzuni, TASNEE EVP for Metallurgy and Managing Director of AMIC.
“This MOU lays the ground for developing advanced metal downstream opportunity that would build on the Kingdom’s titanium metal capabilities that are being developed as well as other existing metal capabilities such as aluminium production, in line with the Kingdom 2030 vision,”concluded Eng. Turki Al-Babtain, VP Minerals & Metals Processing Cluster of NICDP.
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