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AVIATION-
Localizing helicopter component manufacturing: Industry and Mineral Resources Minister Bandar Alkhorayef sat down with Italy-based aerospace giant Leonardo Chairman Stefano Pontercorvo late last week to discuss localizing the production of helicopter components in the Kingdom, state news agency SPA reports. This includes aircraft structures, propellers, fins, and electronic flight systems.
Drones are also on the table: Alkhorayef also met with top executives from Drone Hopper, Reinosa Forgings & Castings, silicon metal producer Ferroglobe, vehicle designer IDIADA, and geophysical survey solutions provider Xcalibur, during a stopover in Madrid yesterday, SPA reported separately. Talks centered on possible collaborations to localize heavy-duty drone manufacturing, automotive parts, supplies for shipbuilding, as well as geological surveys.
ALSO- Alkhorayef discussed Spain’s mining expertise with officials in a bid to encourage Spain-based companies to tap into the Kingdom’s USD 2.5 tn mineral wealth, state news agency SPA reports (here and here).
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LOGISTICS-
Modon to launch self-storage facilities: The Saudi Authority for Industrial Cities and Technology Zones (Modon) inked a SAR 880 mn MoU with the Luxembourg-based family office Sadel Group to build self-storage facilities, in a bid to support the food industry supply chain in Jeddah’s industrial cities, Modon said in a post on X. Other signatories included the Investment Ministry, and the Transport and Logistic Services Ministry.
