Saudi Arabia issues new industrial licenses for aircraft maintenance and repair
The announcement was made during the first edition of the Aerospace Connect Forum, held in Jeddah under the patronage of Minister of Industry and Mineral Resources Bandar Alkhorayef. The forum was organized by the National Industrial Development Center (NIDC).
The ministry stated that the newly introduced industrial licenses, launched in collaboration with the General Authority of Civil Aviation (GACA) and the General Authority for Military Industries (GAMI), cover various activities, including aircraft and drone maintenance and repair, navigational and electronic systems servicing, and comprehensive aircraft overhaul operations.
According to the ministry, these new licenses will allow investors to benefit from the advantages of industrial licensing, access government incentives and capabilities, and contribute to the development and localization of the Kingdom's aviation industry — a key sector targeted in the National Industrial Strategy.
© Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Zawya
17 hours ago
- Zawya
Saudi Arabia qualifies 31 firms for 3 mining sites in Madinah, Riyadh
Saudi Arabia's Ministry of Industry and Mineral Resources has qualified 31 local and international companies to compete for exploration licenses across three mineral-rich belts spanning over 24,000 sq km. The winning companies will be announced in September, the ministry said in a post on the social messaging platform X. In March, the ministry sought pre-qualification applications for the ninth round of exploration license competitions. The targeted belts included Nuqrah and Sukhaybrah Al-Safra in the Madinah region, as well as Nabitah in the Riyadh region. These sites contain a variety of precious and base metals, including gold, copper, silver, zinc, and nickel. The ministry aims to launch exploration tenders for an area of 50,000 sq km by year-end, Khalid Al-Mudaifer, Vice Minister of Industry and Mineral Resources for Mining Affairs, Saudi Arabia, has said. (Editing by Anoop Menon) (
Zawya
14-07-2025
- Zawya
Saudi minister explores strategic industrial and mining partnerships with top Russian firms
MOSCOW — Saudi Minister of Industry and Mineral Resources Bandar AlKhorayef held a series of high-level meetings with executives from leading Russian industrial and mining companies during his official visit to the Russian Federation, aimed at expanding investment partnerships and exploring new opportunities in mining and manufacturing. AlKhorayef met with the CEO of Alrosa, the world's largest diamond mining company, where they discussed opportunities for collaboration in mineral production and processing. The minister highlighted Saudi Arabia's enabling investment environment for mining ventures. He also held a strategic meeting with the CEO of VSMPO-AVISMA, the world's largest titanium producer, to discuss knowledge exchange and industrial cooperation. The discussions explored joint efforts in producing and processing titanium for use in aviation, automotive, and other advanced industries. Saudi Arabia currently produces around 16,000 tons of titanium sponge annually, roughly 10% of global output, alongside 500,000 tons of titanium slag, primarily in Jazan. In a separate meeting with the CEO of Nordgold, a major gold mining firm, AlKhorayef reviewed Saudi Arabia's upcoming 2025 mineral exploration opportunities, covering 50,000 square kilometers. They also discussed sustainable mining practices, advanced technologies, and knowledge transfer. The minister also met with the Chairman of the Russian Aluminum Association, which oversees more than 80% of Russia's aluminum value chain. AlKhorayef reiterated the Kingdom's ambition to become a global and regional hub for aluminum manufacturing. Saudi Arabia currently produces 1.8 million tons of primary aluminum annually, with plans to scale up to 3 million tons. The Kingdom is targeting increased domestic demand across key sectors like aviation, packaging, automotive, and construction. Given Russia's role as the second-largest aluminum producer after China, the discussions underscored potential joint investment in the full aluminum value chain. AlKhorayef invited Russian mining leaders to participate in the 5th edition of the Future Minerals Forum, scheduled for January 2026 in Riyadh, which positions Saudi Arabia as a leader in shaping the future of the global mining sector. Saudi Arabia is estimated to hold $2.5 trillion worth of untapped mineral resources, including gold, copper, phosphate, and rare earth elements. The Kingdom has overhauled its mining investment regulations to attract local and international investors. Under Vision 2030, the mining sector's contribution to GDP is expected to rise from $17 billion in 2024 to $75 billion by 2030, making it the third pillar of Saudi industry. In the industrial sector, AlKhorayef held talks with executives from major Russian companies, including United Confectioners Limited—the largest confectionery producer in Eastern Europe. They discussed investment opportunities in food manufacturing and modern food production technologies. Saudi Arabia's food market is the largest in the Middle East, valued at SR184 billion in 2023 and projected to reach SR248 billion by 2035. The Kingdom is actively seeking over SR78 billion in industrial food investments through the National Industrial Strategy. Initiatives like the newly launched Jeddah Food Cluster, the world's largest specialized industrial food complex, reinforce Saudi Arabia's role as a regional leader in food industries. AlKhorayef also met with the Chairman of Salavat Steklo, one of Russia's largest manufacturers of float glass, to explore industrial cooperation and investment opportunities in the materials sector. The talks emphasized the Kingdom's robust incentives for industrial investors. © Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (
Arabian Business
09-07-2025
- Arabian Business
Saudi Arabia highlights $2.5tn mineral wealth and industrial roadmap at INNOPROM 2025 in Russia
Saudi Arabia has unveiled bold plans to reshape its industrial future and accelerate global leadership in advanced manufacturing and critical minerals during INNOPROM 2025 in Yekaterinburg, Russia. Speaking at a strategic session titled 'Technological Leadership: Industrial Breakthrough,' Minister of Industry and Mineral Resources Bandar Alkhorayef laid out the Kingdom's vision to become a global force in future technologies and Industry 4.0 innovation. The announcement comes as Saudi Arabia was honoured as a strategic partner at this year's INNOPROM exhibition—highlighting its increasing international engagement in industrial cooperation and technological advancement. Saudi Arabia industrial strategy A National Industrial Strategy built on three pillars: Localising critical industries including food, pharmaceuticals, water, and defence Leveraging natural resources such as oil, gas, and minerals for advanced petrochemicals and mining Pioneering future sectors including AI, 3D printing, and smart manufacturing (Industry 4.0) Strong focus on R&D, local content development, and technology adoption incentives Alkhorayef announced that the Kingdom's mineral wealth is now estimated at $2.5tn, up from $1.3tn, thanks to extensive geological surveys. Key resources include phosphate, copper, iron ore, zinc, and other strategic minerals vital for the energy transition and industrial supply chains. The Future Minerals Forum (FMF)—hosted annually in Riyadh since 2022—has emerged as a global platform for dialogue on mineral resilience and responsible sourcing, uniting governments, investors, academia, and industry experts across the value chain. The minister highlighted the alignment between Saudi Vision 2030 and Russia's economic diversification goals, pointing to shared priorities in digital transformation, innovation, and non-oil growth. He referenced the establishment of the Saudi-Russian Joint Committee in 2002 and the opening of the Saudi Commercial Attaché office in Moscow in 2022 as pivotal steps in deepening bilateral cooperation.
