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 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


Gulf News
How Do Tariffs Impact Job Offers? A Complete FAQ Guide for Job Seekers and Employers

How Do Tariffs Impact Job Offers? A Complete FAQ Guide for Job Seekers and Employers Trade policies influence businesses, consumers, and workers…

Entrepreneurs
Anas Bukhash: The Entrepreneur, Media Personality, and Host Behind ABtalks

Who Is Anas Bukhash? Anas Bukhash is an Emirati entrepreneur, content creator, and television host best known for creating and hosting the…

Business
Pavel Durov: Frequently Asked Questions About the Telegram Founder

Who is Pavel Durov? Pavel Durov is a technology entrepreneur, programmer, and business leader best known as the founder of Telegram, one…

Saudi Arabia, Travel
How to Book Saudi Railway Ticket Online?

How to Book Saudi Railway Ticket Online? Saudi Arabia has built one of the most modern railway networks in the Middle East,…

Education
Abdulla Bin Ahmad Al Ghurair: The Visionary Business Leader Transforming Education and Economic Growth

Who Is Abdulla Bin Ahmad Al Ghurair? Abdulla Bin Ahmad Al Ghurair is one of the most respected business leaders and philanthropists…