Saudi Investment Ministry signs five investment agreements

Saudi Investment Ministry signs five investment agreements

- The Ministry of Investment (MISA) signed an investment agreement with world-leading aerospace company Boeing and local advanced metals manufacturer Tasnee to advance the Kingdom’s aerospace industry value chain.

- This and other investment agreements follow launch of the Global Supply Chain Resilience Initiative to deepen the country’s position as an industrial powerhouse and global logistics hub.

- Today’s event is part of a three-day program of investment agreements MISA will sign on the sidelines of the Future Investment Initiative (FII6).

Riyadh, Saudi Arabia: The Ministry of Investment of Saudi Arabia (MISA) has today signed five investment agreements in the aerospace, technology and finance sectors, demonstrating the country’s emerging positioning in global value chains.

The agreements were signed on the sidelines of the Future Investment Initiative (FII6).

MISA signed two of the agreements in the aerospace sector, demonstrating the Kingdom’s emerging positioning in this strategic industry:

- An agreement with world-leading aerospace company Boeing and local advanced metals manufacturer Tasnee to advance the Kingdom’s aerospace industry value chain; and

- An agreement with US space training company Orbite to develop investment opportunities in space tourism and entertainment.

With an ambitious goal of localizing 50 percent of the aerospace and defense sector’s expenditure by 2030, the Kingdom has succeeded