Saudi Arabia’s Taqnia Aeronautics Company, a subsidiary of Public Investment Fund-owned Taqnia, has signed a deal with Ukraine’s Antonov that will see Taqnia develop a new model of Antonov, based on the Antonov-32. Chairman of Taqnia Prince Turki Bin Saud Bin Mohammed Al-Saud was in Kiev for the signing of the agreement on 6 May. Under the deal, Ukraine will transfer Antonov-32 production technologies to Saudi Arabia, and train specialists.
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