Saudi 'plans to build major aircraft facility'

[The SC]

Saudi Arabia is committed to the development a major aerospace industry in the kingdom and plans to create a facility at King Khalid International Airport in Riyadh, where aircraft such as the Airbus 380 and Boeing 777 could also be built, said a senior official.

Saudi Arabia’s bid to enhance its position among innovation supporting states and employing it as one of the pillars of development is gathering momentum, with several major collaborative ventures helping to drive growth across a broad range of knowledge-led industries, said Prince Turki bin Saud bin Mohammed Al Saud, president of King Abdulaziz City for Science and Technology (KACST), told Oxford Business Group’s online broadcasting service, Global Platform.

“We are targeting collaborations with the world’s leading research organisations which will enable us to move from innovation to commercialisation,” he said.

Prince Turki highlighted some of the partnerships that are already delivering results and that will actually result in enhancing national economy, notably Saudi Arabia’s collaboration with the Ukrainian aircraft manufacturing and services company, Antonov.

The kingdom has teamed up with Antonov to build the AN-132, a multipurpose transport aircraft, which began test flights in December. The technology for the aircraft is jointly owned by Saudi Arabia and Antonov, Prince Turki said, with manufacturing to be undertaken in the kingdom.

“This aircraft, which is used for cargo and can take up to 90 passengers, will be soon flown in Saudi Arabia,” he told Global Platform.

Speaking in a wide-ranging interview available to view on the digital platform, Prince Turki told viewers that strategic partnerships with both academic institutions and private industry players were pivotal in the kingdom’s plans to take research and development (R&D) to the next level of manufacturing and production.

Prince Turki also noted the diverse range of R&D under way in the kingdom, which extends from genomics and renewable energy to value-added manufacturing and nanotechnology. The decision to galvanise domestic production, he said, would help Saudi Arabia move towards its target of increasing local content by at least 70 per cent by 2030. The prince also pointed out that the country’s innovation drive had allowed Saudi Arabia to sharpen its focus on harnessing human resource wealth, in line with the long-term economic development plan for the country, Vision 2030.

“Saudi Arabia’s economic development will depend on innovation, which requires a lot of R&D,” he said. “The country is now concentrating on the real revered wealth of the country, and that’s its people, in addition to other resources that Allah granted it.”

Andrianna Dafnis, OBG’s country director, said the interview with Prince Turki provided a fascinating insight into Saudi Arabia’s progress in its shift away from a reliance on oil and gas towards a knowledge-led economy, and the opportunities that its strategy was producing for a broad range of firms and research institutions.

“One of the key messages in our video is that R&D and innovation are acting as catalysts for the localised development of Saudi Arabia’s non-oil sector across a broad spectrum of specialisations,” she said. “I’m delighted that we have been able to provide viewers with details of the openings that are emerging from the Kingdom’s bid to position itself as an innovation centre on the international stage.” -TradeArabia News Service

http://www.tradearabia.com/news/IND_325866.html

 

[Ryuzaki]

they have money,but where will they get skilled labour?Hiring foreigners is not the solution

 

[The SC]

Saudis are smoking a lot of bad weed these days.

If you smoke weed in KSA, they cut your head!

 

[denel]

If you smoke weed in KSA, they cut your head!

not really.... go down the rub al khali... plenty available.

 

[Saif al-Arab]

Saudi Arabia is committed to the development a major aerospace industry in the kingdom and plans to create a facility at King Khalid International Airport in Riyadh, where aircraft such as the Airbus 380 and Boeing 777 could also be built, said a senior official.

Saudi Arabia’s bid to enhance its position among innovation supporting states and employing it as one of the pillars of development is gathering momentum, with several major collaborative ventures helping to drive growth across a broad range of knowledge-led industries, said Prince Turki bin Saud bin Mohammed Al Saud, president of King Abdulaziz City for Science and Technology (KACST), told Oxford Business Group’s online broadcasting service, Global Platform.

“We are targeting collaborations with the world’s leading research organisations which will enable us to move from innovation to commercialisation,” he said.

Prince Turki highlighted some of the partnerships that are already delivering results and that will actually result in enhancing national economy, notably Saudi Arabia’s collaboration with the Ukrainian aircraft manufacturing and services company, Antonov.

The kingdom has teamed up with Antonov to build the AN-132, a multipurpose transport aircraft, which began test flights in December. The technology for the aircraft is jointly owned by Saudi Arabia and Antonov, Prince Turki said, with manufacturing to be undertaken in the kingdom.

“This aircraft, which is used for cargo and can take up to 90 passengers, will be soon flown in Saudi Arabia,” he told Global Platform.

Speaking in a wide-ranging interview available to view on the digital platform, Prince Turki told viewers that strategic partnerships with both academic institutions and private industry players were pivotal in the kingdom’s plans to take research and development (R&D) to the next level of manufacturing and production.

Prince Turki also noted the diverse range of R&D under way in the kingdom, which extends from genomics and renewable energy to value-added manufacturing and nanotechnology. The decision to galvanise domestic production, he said, would help Saudi Arabia move towards its target of increasing local content by at least 70 per cent by 2030. The prince also pointed out that the country’s innovation drive had allowed Saudi Arabia to sharpen its focus on harnessing human resource wealth, in line with the long-term economic development plan for the country, Vision 2030.

“Saudi Arabia’s economic development will depend on innovation, which requires a lot of R&D,” he said. “The country is now concentrating on the real revered wealth of the country, and that’s its people, in addition to other resources that Allah granted it.”

Andrianna Dafnis, OBG’s country director, said the interview with Prince Turki provided a fascinating insight into Saudi Arabia’s progress in its shift away from a reliance on oil and gas towards a knowledge-led economy, and the opportunities that its strategy was producing for a broad range of firms and research institutions.

“One of the key messages in our video is that R&D and innovation are acting as catalysts for the localised development of Saudi Arabia’s non-oil sector across a broad spectrum of specialisations,” she said. “I’m delighted that we have been able to provide viewers with details of the openings that are emerging from the Kingdom’s bid to position itself as an innovation centre on the international stage.” -TradeArabia News Service

http://www.tradearabia.com/news/IND_325866.html

Great news.

A few days before news like this was published:

Saudi Aramco signs deals to build Gulf’s biggest shipyard

U.S. oilfield services and equipment provider McDermott International has said it will build a fabrication yard at the Ras Al Khair complex and move some of its operations gradually from Dubai to Ras Al Khair by the mid-2020s.

FILE PHOTO: An engineers shows visitors a model of Saudi Aramco’s maritime yard in Ras al Khair, Saudi Arabia, November 29, 2016. REUTERS/Zuhair Al-Traifi /File Photo

Saudi Aramco plans to build the Gulf’s largest shipyard through a joint venture with three companies that it announced on Wednesday, a $5.2 billion project aimed at helping reduce the economy’s reliance on oil.

Low oil prices have drastically slowed Saudi Arabia’s economy so it is trying to create manufacturing jobs and produce goods and services which traditionally it has imported. Its strategy is to use large amounts of government money and the procurement budgets of big state-run enterprises, such as national oil firm Aramco, to attract foreign expertise to develop strategic industries.

Aramco said it had signed a shareholder agreement with National Shipping Co of Saudi Arabia (Bahri), a state-controlled firm which ships oil for Aramco, London-listed United Arab Emirates engineering firm Lamprell Plc, and South Korea’s Hyundai Heavy Industries Co. The 4.3 square kilometre (1.7 square mile) shipyard will be located at Ras Al Khair on Saudi Arabia’s east coast. “The directors expect that the Maritime Yard will be the largest in the Arabian Gulf in terms of production capacity and scale,” Lamprell said in a statement.

Major production is expected to start in 2019 with the yard hitting full capacity by 2022. It will be able to work on four offshore rigs and over 40 vessels a year including three very large crude carriers (VLCCs), Aramco said. The government will cover about $3.5 billion of the total cost, with the remainder funded by the joint venture, said Lamprell, which will invest up to $140 million and own 20 percent of the venture. Aramco will own 50.1 percent, investing as much as $351 million.

Bahri will invest up to $139 million for a 19.9 percent stake and Hyundai up to $70 million for 10 percent. The government’s Saudi Industrial Development Fund has agreed to provide a debt facility worth about $1 billion. As part of the deal, Saudi Aramco’s parent firm will buy 20 jack-up drilling rigs as well as offshore support vessels and services from the joint venture, Lamprell said. Lamprell shares jumped 13 percent after the announcement. Bahri will buy at least 75 percent of its commercial vessel requirements over 10 years from the venture – a minimum of 52 commercial vessels including a “significant number” of VLCCs, Lamprell said.


U.S. oilfield services and equipment provider McDermott International has said it will build a fabrication yard at the Ras Al Khair complex and move some of its operations gradually from Dubai to Ras Al Khair by the mid-2020s.

http://www.nasdaq.com/article/saudi-aramco-signs-deals-to-build-gulfs-biggest-shipyard-20170531-00168

Saudi Vision 2030 developing nicely.

they have money,but where will they get skilled labour?Hiring foreigners is not the solution

We don't lack qualified people. We have one of the most educated people in the Muslim world and the highest amount of Western-educated youth in the Muslim world.

If you smoke weed in KSA, they cut your head!

No. Hashish is fairly easy to get and is somewhat "tolerated" by the authorities compared to hard drugs. Smuggling is another matter.

 

[Fledgingwings]

Making something like an aircraft in your own country means alot.I wish SA all the good luck.

 

[dani958]

Don not get your hopes up. These news are for publicity stunt. Saudis with all resources can not even make bike let alone aircraft. They work 2-3 hrs a day in government office. Better not to say more...

americans engeenirs and workers will come and will do the job or they take some skilled indians or pakistan to chaineese

 

[idune]

americans engeenirs and workers will come and will do the job or they take some skilled indians or pakistan to chaineese

aircraft industry is not that straight forward. Besides, why would anyone build aircraft in KSA in higher manpower cost when they can do it at home in much lower cost.

 

[dani958]

aircraft industry is not that straight forward. Besides, why would anyone build aircraft in KSA in higher manpower cost when they can do it at home in much lower cost.

they cant
you need skiled people and you need the tech

 

[Hassan Guy]

https://en.wikipedia.org/wiki/Antonov/Taqnia_An-132

 

[Oublious]

they cant
you need skiled people and you need the tech

ther are 500 million arabs with great heritage.

 

[posters12345]

The kingdom has teamed up with Antonov to build the AN-132, a multipurpose transport aircraft, which began test flights in December. The technology for the aircraft is jointly owned by Saudi Arabia and Antonov, Prince Turki said, with manufacturing to be undertaken in the kingdom.

“This aircraft, which is used for cargo and can take up to 90 passengers, will be soon flown in Saudi Arabia,” he told Global Platform.

AN 132 is about the same size with AN 140, that can carry 52 passenggers

 

[gati11]

jv is the best way to learn

 

[The SC]

The kingdom has teamed up with Antonov to build the AN-132, a multipurpose transport aircraft, which began test flights in December. The technology for the aircraft is jointly owned by Saudi Arabia and Antonov, Prince Turki said, with manufacturing to be undertaken in the kingdom.

“This aircraft, which is used for cargo and can take up to 90 passengers, will be soon flown in Saudi Arabia,” he told Global Platform.

AN 132 is about the same size with AN 140, that can carry 52 passenggers

Actually, the first 6 will be made in Ukraine while in the meantime KSA will be building a local plant.. those six are going to be 6 different variants of the same plane; a military transport version, An AEW for sea patrol, one medical, one civilian and 2 other variants, many other variants will follow suite.. there will also be a commercialisation of the airplane both regionally and internationally..

 

[gati11]

Actually, the first 6 will be made in Ukraine while in the meantime KSA will be building a local plant.. those six are going to be 6 different variants of the same plane; a military transport version, An AEW for sea patrol, one medical, one civilian and 2 other variants, many other variants will follow suite.. there will also be a commercialisation of the airplane both regionally and internationally..

israel should be there model