Saudi Industrial Exports Company announces the signing of a memorandum of understanding with Science Technology for Development and Industrial Investment Company, S&K Aerospace Middle East Branch and Rekaz National Capital to cooperate in the establishment and success of Ataad, a company specializing in supply chains and logistics for the military and defense industries.
In this note, the parties agree to work to develop Ataad company for supply line hardware system jointly to provide supply chain financial solutions, supply chain information solutions, logistics and warehousing solutions.
Science Technology for Development and Industrial Investment Company contributes as a local technical partner through its knowledge and technical capability in the Kingdom to build a customer base and beneficiaries both in the local and regional market to provide technical supply services for defense systems.
As the company S&K Aerospace Middle East Branch has a lot of professional and global knowledge value for this partnership in the chain sector Military Industry Logistics and Logistics addition for services to Especially the artistic extension for american defense systems being the procurement and logistical support arm of the Ministry of Defense ” Pentagon”.
In addition to the presence of The Saudi Industrial Export Company, which in turn will contribute mainly to the support of Ataad company for supply lines to reach regional and international markets through its technical and knowledge capabilities in export and re-export, where the company aims to supply equipment to cover the Saudi domestic market and the Gulf market to reach regional and international markets.
This strategic alliance is also led by National Finance Fund for Supply Chain Management and Logistics for the Military and Defense Industries, licensed by the Financial Market Authority and managed by Rekaz National Capital, the financial company most interested in the military and defense industries sector, where it aims to settle in the supply chains and logistics sector of the military and defense industries as well as to create larger and many manufacturing opportunities through Rekaz National Capital for supply chain and entry into the spare parts sector and consumption of defense systems used locally and regionally.