Saudi Arabia’s PIF is said to be discussing an investment in the aerostructures unit of the Italian company Leonardo

BY THE ARAB TODAY Feb 27, 2025

Saudi Arabia’s PIF is said to be discussing an investment in the aerostructures unit of the Italian company Leonardo

Saudi Arabia’s PIF is said to be discussing an investment in the aerostructures unit of the Italian company Leonardo

Saudi Arabia’s Public Investment Fund (PIF) is said to be in early talks to invest in the aerostructures unit of Leonardo, an Italian government-owned company.

Possible PIF Investment

If the deal goes through, the Italian aerospace company Leonardo could set up a civil aviation manufacturing plant in Saudi Arabia, according to Bloomberg.

Representatives from Saudi Arabia’s Public Investment Fund (PIF) visited Leonardo’s facilities in southern Italy this week.

Once finalized, the investment could benefit both sides. Saudi Arabia would gain more involvement in the aerospace industry, while Leonardo would receive financial support for its aerostructures unit, which has been losing money.

This unit makes key structural parts for Boeing’s 787 Dreamliner. However, production delays in the U.S. have slowed down work at Leonardo’s plants, leading to losses.

Background

Last month, Leonardo signed an agreement in Saudi Arabia to expand cooperation and investment in the aerospace and defense sector. This move strengthens its presence in the country, where it already has a regional headquarters.

Leonardo is working with Saudi technology and research partners to support long-term development and production in the country. The agreement also aligns with Saudi Arabia’s Vision 2030 plan, which aims to reduce dependence on oil.

Expansion in the UAE

In February, Abu Dhabi-based EDGE Group and Leonardo signed a partnership agreement to develop defense solutions together.

The deal was signed at the International Defence Exhibition (IDEX) 2025 in Abu Dhabi. The collaboration will focus on airborne defense, anti-missile systems, counter-drone technology, mobile surveillance, and naval combat management.

What’s Next?

Leonardo’s CEO, Roberto Cingolani, recently said the company has found an investment partner for its aerostructures business, which employs about 4,000 people across four plants in southern Italy. More details will be shared in the company’s strategy update on March 11.

Published: 27th February 2025

For more article like this please follow our social media Twitter, Linkedin & Instagram

Also Read:

Saudi Arabia raises $2.4B with Euro, green bonds debut
UAE raises $300M via Islamic T-Sukuk, 6.5x oversubscribed
Abu Dhabi’s 2PointZero plans ADX listing by year-end


Entrepreneurs
Ala’ Alsallal: The Visionary Behind Jamalon and the Revolution of Arabic Online Publishing

Ala’ Alsallal: The Visionary Behind Jamalon and the Revolution of Arabic Online Publishing In a region with a rich literary tradition but…

Entrepreneurs, Jordan
Ahmad Hanandeh: A Visionary Leader Transforming Jordan’s Digital Future

Ahmad Hanandeh: A Visionary Leader Transforming Jordan’s Digital Future In the fast-evolving landscape of the Middle East’s digital economy, Ahmad Hanandeh stands…

Entrepreneurs
Fadi Antar: A Visionary Entrepreneur Driving Innovation in the Middle East

Fadi Antar: A Visionary Entrepreneur Driving Innovation in the Middle East In a region increasingly recognized for its entrepreneurial dynamism, Fadi Antar…

Entrepreneurs
Belal El-Megharbel: Revolutionizing the Middle East’s Grocery Supply Chain

Belal El-Megharbel: Revolutionizing the Middle East’s Grocery Supply Chain In recent years, the Middle East and North Africa (MENA) region has witnessed…

Egypt, Entrepreneurs
Mostafa El-Beltagy: Revolutionizing Egypt’s Retail Supply Chain Through MaxAB

Mostafa El-Beltagy: Revolutionizing Egypt’s Retail Supply Chain Through MaxAB In the fast-evolving world of Middle Eastern entrepreneurship, Mostafa El-Beltagy stands out as…