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HRH Crown Prince Patronizes Signing Agreement Ceremony for Localizing by 55 percent of Military Manufacturing Project
Saudi Press Agency Published in Saudi Press Agency on 31 - 03 - 2018

His Royal Higness Prince Mohammed bin Salman bin Abdulaziz, the Crown Prince, Vice President of the Council of Ministers and Minister of Defense, patronized here Friday a signing ceremony for the establishment of a joint project aimed at localizing more than 55% of the Saudi Arabian fixed-wing aircraft and helicopter's maintenance, repairs and rehabilitation, in addition to weaponization technology and spare parts supply chains in order to achieve the goals set out in the Kingdom' vision 2030, which states that 50 percent of Saudi Arabia's military spending will be localized.
The agreement was signed by Ahmed Al-Khateeb, chairman of the board of directors of the Saudi Military Industries Company (SAMI) and Boeing CEO and chairman of board of directors Dennis Muilenburg.
HRH the Crown Prince was briefed on the activities of Boeing Aircraft Industries. During his tour of the company, he was accompanied by Prince Khalid bin Salman bin Abdulaziz, Saudi Ambassador to the United States of America, and members of the official delegation accompanying HRH the Crown Prince.
HRH Prince Mohammed bin Salman left New York City earlier today, heading to Seattle in the framework of his current visit to the United States of America.

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