Advanced Electronics Company (AEC), a Saudi Arabian Military Industries Company (SAMI) company and one of the leading national companies in the electronics & technology, has concluded its successful participation in the Saudi Logistics Conference held in Riyadh on 13-15 October 2019 at the Four Seasons Hotel.
The event witnessed the attendance of officials, businessmen, relevant parties, and experts and specialists from major local and international organizations and companies, the Saudi Press Agency (SPA) reported.
Over the course of three days, AEC, the conference’s diamond sponsor, witnessed a large turnout of visitors who reviewed the company’s integrated solutions in the fields of supply chains and logistics services.
Dr. Nabil bin Mohammed Al-Amoudi the Minister of Transport, Abdelhadi Al-Mansouri the President of the General Authority of Civil Aviation, and Eng. Anef Abanomi, President of Saudi Post visited AEC at the Saudi Logistics Conference, where they were briefed on AEC’s capabilities in the field of digital solutions that support logistics services.
AEC CEO Mr. Abdulaziz Al-Duailej, noted that AEC’s participation in the conference is part of the company’s efforts to develop and improve the field of supply chains and logistics in Saudi Arabia through integrated digital solutions that support supply chains operations and increase their efficiency.
Al-Duailej valued the company’s success in delivering an integrated logistics facilitation system that focuses on security, supply chain services, and support services through a central command center.
In June 2019, Saudi Arabian Military Industries (SAMI) announced the signing of a Term Sheet Agreement to acquire 100% ownership in Advanced Electronics Company (AEC).
The agreement signing took place at a Saudi Arabia-UK industry event in London in the presence of senior shareholder representatives, including His Excellency Ahmed Al-Khateeb, Chairman of SAMI, and Sir Roger Carr, Chairman of BAE Systems.
SAMI’s investment in AEC, the Riyadh-based private sector firm specializing in engineering, development, manufacturing, repair and technical support across defense, Information Communications Technology (ICT), energy, cybersecurity and high-tech fields, at the local, national, regional, and international levels, comes as part of SAMI’s ongoing efforts aimed at increasing local defense manufacturing in the Kingdom, in line with the directives of the Saudi Vision 2030.