PIF invests in Saudia Technic to establish MRO facility

Saudi Arabia’s Public Investment Fund (PIF) has invested in Saudia Technic, aiming to support the aviation services provider’s maintenance, repair and overhaul (MRO) provision with a new one million square foot MRO village. A subsidiary of Saudia Group, Saudia Technic (formerly Saudia Aerospace Engineering Industries) can trace its roots back to the 1960s and provides various aviation maintenance services including line, base, component and engine. The investment from PIF will ‘transform Saudia Technic into a national MRO champion’, notes Saudia Technic, adding that its ambition is to ‘become the MRO of choice for domestic airlines and global partners seeking access