KING ABDULLAH ECONOMIC CITY SIGNS MOU TO ESTABLISH THE NATIONAL ACADEMY OF AVIATION TECHNOLOGY
1,000 AIRCRAFT TECHNICIANS AND 350 PILOTS WILL BE TRAINED ANNUALLY
KING ABDULLAH ECONOMIC CITY, March 27th, 2018:
King Abdullah Economic City (KAEC), has signed a Memorandum of Understanding (MoU) for the establishment of the National Academy of Aviation Technology through a strategic partnership between: the Economic Cities Authority, the Technical and Vocational Training Corporation, the Saudi Aviation Club, the Saudi Arabian Oil Company (Saudi Aramco), Saudi Arabian Airlines (Saudia), the Ministry of Education, and the Saudi Technology Development and Investment Company (TAQNIA).
The academy’s headquarters will be its first branch located in KAEC, where up to 1,000 aircraft technicians and 350 pilots will be trained on an annual basis. The academy will be able to directly enrich the local aviation market, which is expected to require 3,000 employees by the year 2023. The second branch will be located at the Al-Thumama Airport in Riyadh, the headquarters of the Saudi Aviation Club.
“We are proud to sign this agreement initiating a fruitful collaboration with the founding partners to host the National Academy of Aviation Technology. The academy is a highly prestigious addition to KAEC, where it will provide the highest standards of vocational training to enhance and develop Saudi Arabia’s aviation workforce, thus raising the level of productivity,” said Mr. Fahd Al-Rasheed, Managing Director and Group CEO of KAEC. “This motivates the continuity of construction and development, and creates more jobs for citizens in line with the objectives of the National Transformation Program 2020 and Vision 2030.”
“We are pleased to enjoy the mutual trust of our founding partners,” said Mazen Tammar, Senior Director-KAEC Corporate Business Development, Healthcare & Education. “KAEC is the ideal location for establishing and operating such a massive project, due to the city’s strategic location, advanced infrastructure, social amenities and total housing solutions that perfectly suits the requirements of both the Faculty and trainees.”
Tammar added: “The presence of Prince Mohammad Bin Salman College of Business and Entrepreneurship (MBSC), along with Tomouh program, in addition to the National Academy of Aviation Technology, is a clear indication that KAEC is achieving its strategic goals such as supporting the education and training sector, not only in the Kingdom, but worldwide as well.”
About King Abdullah Economic City
King Abdullah Economic City (KAEC) is the largest privately-funded new city in the world. Situated on the west coast of the Kingdom of Saudi Arabia, KAEC covers an area of 181 square kilometers of land, approximately the size of Washington DC. KAEC comprises King Abdullah Port, the Coastal Communities residential districts, the Haramain Railway district and the Industrial Valley. The city is under development by Emaar, The Economic City, a publicly listed Saudi joint-stock company established in 2006.