The Public Investment Fund (PIF) has signed an agreement to invest in Saudia Technic, a subsidiary of Saudia Group, strengthening Saudi Arabia’s aviation maintenance, repair, and overhaul (MRO) sector. With roots dating back to the 1960s, Saudia Technic provides comprehensive MRO services across line, base, component, and engine maintenance.
Through this investment, PIF and Saudia Group aim to transform Saudia Technic into a national MRO champion by expanding infrastructure, improving efficiency, and capturing market growth over the next decade. A key part of the strategy includes developing a 1 million-square-meter MRO village in Jeddah, featuring expanded hangar capacity, component shops, and a state-of-the-art jet propulsion and engine test facility.
The investment supports Saudi Arabia’s broader ambition to become a global aviation hub under Vision 2030, building local expertise, attracting global partners, and strengthening the Kingdom’s aviation ecosystem alongside major initiatives such as King Salman International Airport, AviLease, and The Helicopter Company.
Read more: https://tinyurl.com/t97nysec
