{"id":88155,"date":"2024-07-25T00:00:00","date_gmt":"2024-07-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/25\/embraer-could-help-saudi-localize-aircraft-manufacturing-assembly\/"},"modified":"2024-07-25T00:00:00","modified_gmt":"2024-07-25T00:00:00","slug":"embraer-could-help-saudi-localize-aircraft-manufacturing-assembly","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/ksa\/2024\/07\/25\/embraer-could-help-saudi-localize-aircraft-manufacturing-assembly\/","title":{"rendered":"Embraer could help Saudi localize aircraft manufacturing, assembly"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">AVIATION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#1- Will Embraer manufacture in the Kingdom? <\/strong>Industry and Mineral Resources Minister Bandar Al Khorayef discussed with senior executives at Brazilian airplane maker Embraer the localization of aircraft manufacturing and assembly in the Kingdom, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2143711\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported. Al Khorayef is leading a Saudi delegation in Brazil and then Chile to drum up investments in priority areas in the industrial sector, including mining, food production and others.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#2- Up-skilling the aviation industry: <\/strong><a target=\"_blank\" href=\"https:\/\/www.saca.edu.sa\/en-us\/Pages\/default.aspx\" style=\"\" rel=\"noopener\">Saudi Academy of Civil Aviation<\/a> and <a target=\"_blank\" href=\"https:\/\/www.psu.edu.sa\/\" style=\"\" rel=\"noopener\">Prince Sultan<\/a><a target=\"_blank\" href=\"https:\/\/www.psu.edu.sa\/\" style=\"\" rel=\"noopener\">University<\/a> signed an MoU with UK\u2019s <a target=\"_blank\" href=\"https:\/\/www.cranfield.ac.uk\/\" style=\"\" rel=\"noopener\">Cranfield University<\/a> to collaborate on training, research, and tech to further the development of the civil aviation sector in Saudi, the UK, and Northern Ireland, the General Authority of Civil Aviation said in a <a target=\"_blank\" href=\"https:\/\/x.com\/ksagaca\/status\/1815841657495118217\" style=\"\" rel=\"noopener\">post on X<\/a>. The MoU was signed on the sidelines of London\u2019s Farnborough Airshow, which kicked off earlier this week and wraps up tomorrow.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">BANKING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Riyad Bank has set up what it says is the industry\u2019s specialized AI center<\/strong>, it said in a <a target=\"_blank\" href=\"https:\/\/www.riyadbank.com\/media-center\/press-releases?p_p_id=com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_mvcPath=\/display_article.jsp&_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_articleId=5345266&_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_shareURL=https:\/\/www.riyadbank.com\/media-center\/press-releases?p_p_id=com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_mvcPath=%2Fdisplay_article.jsp&_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_articleId=5345266&_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_backtoArticleURL=https%3A%2F%2Fwww.riyadbank.com%2Fmedia-center%2Fpress-releases%3Fp_p_id%3Dcom_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn%26p_p_lifecycle%3D0%26p_p_state%3Dnormal%26p_p_mode%3Dview%26_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_mvcPath%3D%252Fview.jsp%26_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_cur%3D1%26_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_delta%3D5&_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_backtoArticleURL=https:\/\/www.riyadbank.com\/media-center\/press-releases?p_p_id=com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn&p_p_lifecycle=0&p_p_state=normal&p_p_mode=view&_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_mvcPath=%2Fview.jsp&_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_cur=1&_com_web_content_filter_WebContentFilterPortlet_INSTANCE_jtsn_delta=5\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">CONSTRUCTION-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Jouf Cement will supply cement to Italian<\/strong><strong> construction company Webuild for its <\/strong><strong>work<\/strong><strong> on Neom<\/strong> under a 41-month, SAR 104.2 mn contract, it said in a <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lVDLbsIwEPyWHjiCN0SEtDe3qAHEs4ECuSDHWUKkJI4cB0q_vg6piqBQUcsH73hmdnaJR5bES9kuCpmKRMpiXa88a92iFjS7NoyhO3sBC1zHms9so9O0yOKcYA8dC6YjOh032y1w3oF4_9KDO2nB9HUyNAfwBg5Y9-nhxqF39PfOKWP62NYJ-s9Ob0BN22pfEq6MeNHk9wxHwh8h-8QLY-FXC6epb9oh8SRuUKJsFFLDW6Wy_KkGNdjv941QiDDGBhdJDa5JtiJXZHnOJC6mx3W1b-6jZ5CFxFwUkiN5C1HRNBVFyjHBVA2iXHWYYmTKGd_iAHcYT1iIxC3nY8EuyoXMSxZZ1Y0Sy5ErITtZL_hBDokvYrIq35kUQcHV7JBhBSih7b_fmTZ2o09dGVBZMcm3J275PyoSH2XH15wS2kiRnAxYmZyXuSuRsa4SKPxQ7tGs4gVaMUEZCZ2RZMl8voSoV_f8g2kmNLHN87unD19eiZLV\/dz\/d5\/L0lHSklna0tDbEVLSUtVUW9ncFJBL29Od1FBRU1JQUFDRUVoZ0NLTTR6bEdDRklVbFF3Z1d0RzBaV2dBISEvNEpDaWpzWXBNaFRqVUUxdTBsc3BxYWEzYVMyTTFMSSEvWjdfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFEUTYvWjZfNUE2MDJIODBPMEhUQzA2MFNHNlVUODFESTMvY29tcGFueVN5bWJvbC8zMDkxL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzgxNDgx\/\" style=\"\" rel=\"noopener\">disclosure to Tadawul<\/a>. No further details on the projects were provided.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>Neom awarded Webuild <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/0f6c39be-2d64-4518-84df-9f5cdf8e9a7e\" style=\"\" rel=\"noopener\">earlier this year<\/a> a SAR 20 bn contract to build three dams for a planned artificial lake at its Trojena mountain resort, set to be a venue for the 2029 Asian Winter Games.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Jouf Cement<\/strong><strong> has signed a debt rescheduling agreement <\/strong><strong>with Saudi Awwal Bank <\/strong><strong>to <\/strong><strong>push back the payment of SAR 154.5 <\/strong><strong>mn Islamic loans owed to the lender to 2031 from 2027, <\/strong>the Tadawul-listed cement maker said in <a target=\"_blank\" href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/jZPbcqowFIafxsualURC3HfRIlAF5NBWuelAm1JnQ3AQy_j2jdp27x60zV1mff-_TglK0QKlKnteFVm7qlVW6vsyZXeGYEAcDgE4yRgYxDa7Tji-dCm6PQC-Mxs7wMk0sAwBYkRDzzJNDFOCUh125_YAuzps4wkG4dMpMXkC4AG6QSlKN-2rz3si7tkMQl-EATENsG_g4PNjHf-AeG5AOJl7dAYR2MB-p4cTR_wif_qx1WAYMd1q4l0mDGNw2CtwblQH4FwN3wACRhEZUQA7eHM4N4WzfZAvQCCGpna4GtnuTFDOzM_A10Ut9STN_1YexXrlE2swdyAkQEwU7z2EUvVW3ctKqtbfVrls0NKklNAf9FM46n3ZbdwHrTEGbylPdRWyo-S-rtaZ2sW7Kq9LtKQwxOgKpUVZ58eX_tS26z896EGbPWTdtuzpiWdKjbMWLfBpQJex4BgztkeEyikvUNrIR9nIpr9ttPVetzkIu67rF3VdlLKvy9H6byRPtf4Pi48kiqVC6-pa7Vari7-RFVmPvn-R5RyoUT7P5C1vuXgBb6nyTw!!\/dz\/d5\/L0lJS2FZQSEhL3dMTUFBc1FCWWpNQy80TmxHb3hBIS9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy84MTQ3Nw!!\/\" style=\"\" rel=\"noopener\">a disclosure to Tadawul<\/a>. The agreement also allows a two-year grace period for Al Jouf.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">REAL ESTATE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Nearly SAR 1 <\/strong><strong>bn allocated<\/strong><strong> to the Sakani program this month: <\/strong>The Real Estate Development Fund deposited SAR 996 mn in the accounts of Sakani program beneficiaries for July 2024, <a target=\"_blank\" href=\"https:\/\/www.spa.gov.sa\/N2143681\" style=\"\" rel=\"noopener\">state news agency SPA<\/a> reported. The program is part of a government-run housing initiative that facilitates homeownership for citizens via several financing options, including rent-to-own and mortgage loans.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Riyad Bank\u2019s launches banking sector\u2019s first specialized AI center<\/p>\n","protected":false},"author":1,"featured_media":88156,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2564],"tags":[2609,2943,54,851,504,10,100,1677,2145,74,2222,2942],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88155","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-al-jouf-cement","tag-al-sagr-cooperative-ins","tag-also-on-our-radar","tag-bandar-al-khorayef","tag-embraer","tag-enterpriseam-ksa","tag-neom","tag-promedex","tag-real-estate-development-fund","tag-riyad-bank","tag-sakani","tag-saudi-academy-of-civil-aviation","wpautop","entry"],"acf":{"mongo_id":"6da2fe00-bace-47ba-a7c4-175ae393abf1","order":"9","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/7\/2042.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Embraer could help Saudi localize aircraft manufacturing, assembly","related_issue":[88138],"teaser":"Riyad Bank\u2019s launches banking sector\u2019s first specialized AI center","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/7\/.136db7af-f021-4fb4-9cfd-f740796382a2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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