Key agreements signed at Future Aviation Forum in Riyadh

The agreements aim to strengthen the industry by investing in new innovations
Key agreements signed at Future Aviation Forum in Riyadh
The Future of Aviation Forum

The Future Aviation Forum, currently being held by the General Authority of Civil Aviation in Riyadh, witnessed the signing of a series of agreements between local and international investors.

This comes following the remarkable growth the civil aviation industry is seeing as part of the efforts to accommodate and localize the latest systems and technologies in line with Saudi Vision 2030.

The agreements aim to strengthen the industry by investing in training and recovery innovations, as well as providing the latest products and services.

Saudi’s logistics services firm SAL and Airports Cluster 2 company partnered up to operate air cargo facilities at Saudi’s regional and local airports.

Also, Saudi Air Navigation Services (SANS) teamed with Spanish firm indɾa SISTEMAS to install and operate the virtual air control tower system at Al-Ula International Airport. 

In addition, the event saw SANS signing an agreement with the Saudi Academy of Civil Aviation to strengthen efforts to ensure the sustainability of the personnel’s superior efficiency through ongoing training and education.

Moreover, SANS signed a contract with Saudi’s Atos to collaborate on operating and developing IT infrastructure services. 

Similarly, Prince Sultan Aviation Academy struck a deal with American company L3Harris, which specializes in avionics, to deliver 6 new simulators for advanced aviation education.

In the same context, Saudia Aerospace Engineering Industries signed a deal with Singapore’s shipping company Mammoth, to launch a new aircraft maintenance hangars as part of its future project, Maintenance Village, to accommodate the latest technologies that would allow it to convert Boeing 777 as well as large passenger jets into cargo planes. 

Furthermore, Matarat Holding signed a memorandum of understanding (MoU) with the American Association of Airport Executives. The MoU aims to exchange expertise and enhance cooperation in areas of mutual interest. 

The stories on our website are intended for informational purposes only. Those with finance, investment, tax or legal content are not to be taken as financial advice or recommendation. Refer to our full disclaimer policy here.