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Saudi Advanced Electronics Company signs deal
Riyadh 29th May 2001

  The Saudi Advanced Electronics Company (AEC), one of the companies involved in the economic offset program, has signed with the Swedish Eriksson Saab Company a contract for manufacturing a high-tech radar observation system, as well as extending services of technical support, inspection and repair.

 AEC's president Eng. Abdul Aziz Al-Saghir said the agreement bears witness to AEC's advanced technical capabilities in the field of manufacturing systems and various electronic devices. 'Moreover, the agreement provides clear evidence of the high quality of the workers at AEC', he said, noting that the Saudis constitute more than 74 percent of the total workers of the company.

 Al-Saghir pointed out that this development will enhance AEC's capability in repair and support services as well as development and amendment of the system in the future.

 For his part, president of Eriksson Saab, Fedexon, expressed happiness at singing the agreement with AEC and said this development would positively contribute to the transfer of advanced technology to the Kingdom of Saudi Arabia and the Gulf region.

Source: SPA©

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31 May 2001 10:37:24 AM

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