SAEI signs localisation pact for aviation lubricants with Luberef

Saudia Aerospace Engineering Industries (SAEI), a Saudia Group subsidiary, has signed a memorandum of understanding (MOU) with the Saudi Aramco Base Oil Company – Luberef. 

Under the terms of the agreement, the two parties will work closely together to localise the supply of aviation lubricants, a market which has traditionally been dominated by international majors.

Saudia said the “pact represents the companies’ sustained focus on expanding localisation efforts.”

“SAEI shares Aramco’s deep commitment to increase local content and boost domestic supply chains. A capacity to source lubricants in-kingdom nurtures growth and resilience in the aviation eco-system, as well driving economic diversification in line with Vision 2030,” said Fahd H. Cynndy, CEO of SAEI. 

Saudia Aerospace Engineering Industries is a full-service Maintenance, Repair and Overhaul (MRO) organisation. It is the leading MRO in Saudi Arabia and is one of the largest and most experienced MRO in the Middle East and North Africa (MENA). SAEI is wholly-owned by  Saudia. Formerly known as Saudi Arabian Airlines, Saudia is the national airline of Saudi Arabia and is wholly owned by the Kingdom of Saudi Arabia.SAEI is a catalyst for achieving the Kingdom’s stated Saudi Aviation Strategy through expanding its operations, and the localisation of manufacturing industries and improving the performance of local logistics hubs.

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