Saudi Arabia’s Public Investment Fund (PIF) has signed a deal to invest in Saudia Technic, a subsidiary of Saudia Group, to create a national MRO champion by investing in infrastructure, boosting efficiency and capturing market growth.
The investment will support the development of a 1 million-sq m MRO (maintenance, repair and overhaul) village in Jeddah, including a state-of-the-art jet propulsion centre that will expand Saudia Technic into the leading MRO in the Middle East, a Saudi Press Agency (SPA) report…
