ARC Forms Strategic Aerospace Joint Venture in Saudi Arabia
![ARC Forms Strategic Aerospace Joint Venture in Saudi Arabia](/media/swnpkgk3/arc-news-resize.png)
Supported by the National Industrial Development Centre and the Ministry of Industry and Mineral Resources of Saudi Arabia, we have established a Joint Venture with the Saudi company, Life Shield. This agreement initiates a 1.5 billion SAR (£300 million) investment to develop manufacturing facilities and promote technology transfer within the aerospace sector in Saudi Arabia.
The deal also benefits the UK by expanding opportunities in low-volume manufacturing, pilot training, and potentially partnering with Cranfield University for academic projects.
The agreement was signed at the office of Mr. Bandar Ibrahim Alkhorayef, Minister of Industry and Mineral Resources of Saudi Arabia.
Life Shield has also supported our participation at the Future Aviation Forum in Riyadh by funding the transportation of our Pegasus model for the event. This underscores their commitment to the success of this Joint Venture.
This partnership reinforces ARC’s position as a significant player in the aerospace industry, aligning with Saudi Arabia’s Vision 2030 goals.
Stay tuned as we continue on this transformative journey.
![ARC Forms Strategic Aerospace Joint Venture in Saudi Arabia](/media/swnpkgk3/arc-news-resize.png)