Rolls-Royce puts Middle East at centre of five-year drive to quadruple profits – The National

Rolls-Royce puts Middle East at centre of five-year drive to quadruple profits – The National



With next-generation technology rolling out, the head of Rolls-Royce's operations in the Middle East, Turkey and Africa (Meta) has said the markets of Middle East will be crucial in the company's overall plan of quadrupling profits by 2027.John Kelly, president of Meta at Rolls-Royce, told The National the “confluence of key market opportunities with phenomenal growth opportunities across all of our divisions” will be key to reaching its profit-swelling goal.Last year, Rolls-Royce chief executive Tufan Erginbilgic outlined his plan to quadruple profits over five years by improving the performance of its jet engines and bearing down on costs.In commercial aerospace, defence and sustainable power solutions, the Middle East ticks the businesses boxes that will help Rolls-Royce achieve its goals, Mr Kelly said.John Kelly, president of Middle East, Turkey and Africa for Rolls-Royce. Photo: Rolls RoyceRolls-Royce sees tremendous opportunity for its aero engine-making business in the GCC's growing tourist markets, especially that of Saudi Arabia.“You've got new airlines, such as Neom Airlines and Riyadh Air, so the whole region, the right vision, the right location and its got the capital to make it happen,” Mr Kelly said.Scuba diving in the Red Sea. Saudi Arabia's growing tourist industry represents a significant opportunity