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


Investment, Oman, Stock Markets
Oman’s 7-Year Local Sukuk Attracts Strong Investor Interest

Oman’s 7-Year Local Sukuk Attracts Strong Investor Interest Oman’s 7-year local sovereign sukuk received very strong demand from investors, leading to oversubscription.…

Economy, Saudi Arabia
Saudi Arabia’s Non-Oil Exports Rise Strongly in October

Saudi Arabia’s Non-Oil Exports Rise Strongly in October Saudi Arabia’s non-oil exports increased by 32.3% in October compared to the same month…

Business, Finance
Luxury that lasts: The Rise of gold eyewear by Oro

The Rise of gold eyewear by Oro Gold has always carried meaning far beyond its material worth. Across cultures, it represents continuity,…

Stock Markets, UAE
Binghatti Wins Major Corporate Bond Award

Binghatti Wins Major Corporate Bond Award UAE-based real estate company Binghatti Holding has won a major international award for its sukuk issuance.…

Economy, Egypt
IMF Agrees on New Reviews of Egypt’s Loan Program

IMF Agrees on New Reviews of Egypt’s Loan Program The International Monetary Fund (IMF) announced on Tuesday that it has reached a…