Defence electronics specialist 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 on 7 September 2024.
Signed in the presence of the ELT Group President and CEO Enzo Benigni, Saudi Minister of Investment Khalid bin Abdulaziz Al-Falih, GAMI Deputy Governor Mohammed bin Saleh Al-Athel, ELT Group Senior Vice President of Institutional Relations Lorenzo Benigni and ELT Group Senior Vice President for Global Sales Paolo Izzo, the MoU addresses the achievements of ELT Group to align its presence in the kingdom with Saudi Arabia’s Vision 2030 strategic plan, aiming to explore 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 Saudi Arabia, marked recently by the establishment of Saudi company Elettronica for Industries, which is focused on localising logistic support and, more extensively, the entire value chain.
