ELT Group strengthens its presence in the Kingdom of Saudi Arabia with the signing of a Memorandum Of Understanding with MISA and GAMI.
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Press Release, Roma, 09 September 2024: As part of the collaborative framework and the positive relationship between Italy and Saudi Arabia, ELT Group signed a Memorandum Of Understanding (MoU) with the Ministry of Investment of the Kingdom of Saudi Arabia (MISA) and the General Authority for Military Industries (GAMI) in the Kingdom of Saudi Arabia (KSA).
Signed in the presence of the President and CEO Enzo Benigni, HE Eng. Khalid bin Abdulaziz Al-Falih Saudi Minister of Investment, Mohammed bin Saleh Al-Athel, Deputy Governor of the Saudi General Authority for Military Industries, Lorenzo Benigni the Senior VP Institutional Relations and Paolo Izzo our Senior VP Global Sales, the MoU addresses the achievements of ELT Group to align its presence in the Kingdom with KSA’s Vision 2030, aiming at exploring collaboration opportunities in the aerospace and defence sectors, including training and development of a domestic supply chain in Saudi Arabia.
ELT Group has a long established history and strong relationship with the Country, marked recently by the establishment of a Saudi-law company, Elettronica for Industries LLC, focused on localising logistic support and, more extensively, the entire value chain.
Through this MOU ELT Group wants to underline its role as a key Partner to the Kingdom of Saudi Arabia, due to its 70 years of experience in managing the electromagnetic spectrum and developing electronic defence systems in the naval, air, land, cyber, and space domains.
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