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Saudi Advanced Industries Company
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Saudi Advanced Industries Company is an industrial investment vehicle of the U.S. Peace Shield defense offset program. The company was formed in 1987,[1] and invests in technology companies in Saudi Arabia. It also holds interests in AlSalam Aircraft Company and the Aircraft Accessories & Components Company, both in Saudi Arabia.[2]
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Transfer of advanced technology to the Kingdom through participation in the Economic Balance Program and other industrial projects. The company is currently investing in the following projects: Al-Salam Aircraft Company Limited, Arab Industrial Fibers Company (Ibn Rushd), Manufacturing and Energy Services Company, National Petrochemical Company (Yansab), Obeikan Glass Company, and Deutsche Gulf Finance Company.
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