The National Aviation Strategy works to double the number of passengers, connect Saudi Arabia to more than 250 destinations around the world, and ship 4.5 million tons of goods annually, by 2030.
Reviews Future of Aviation Conference in Riyadh Investment opportunities worth more than $100 billion; With the aim of achieving the goals of Vision 2030 to transform Saudi Arabia into a logistics center in the Middle East, and reaching the goals of the National Aviation Strategy by providing an attractive investment environment in this vital and important sector.
The Future of Aviation Conference will be held under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, and organized by the General Authority of Civil Aviation during the period from 20 to 22 May 2024, in the city of Riyadh under the slogan “Enhancing the level of global connectivity.”
The conference will highlight the projects and incentives provided by the Kingdom to attract investment in the Saudi aviation sector, which has witnessed remarkable prosperity and development over the past few years, through airports, airlines, ground services, air freight, and logistics services.
Also Read: Jazeera Airways is preparing to receive 6 new aircraft from Airbus
The value of the investment opportunities provided by the Kingdom’s airports is distributed among:
- More than $50 billion, out of $100 billion worth of investments in the aviation sector,
- The value of new aircraft purchase orders is approximately $40 billion.
- The remaining $10 billion is distributed among other projects, including $5 billion worth of investments provided by the special logistics zones located at the three main airports in Riyadh, Jeddah, and Dammam.
The conference, in which more than 100 countries and more than 5,000 world aviation industry experts, leaders of global airlines, officials of aviation authorities in various countries, manufacturers and airport executives in participating countries will participate, will discuss several topics, the most prominent of which are:
- advanced air mobility,
- Civil aviation safety and security,
- low carbon aviation fuel,
- Digitalization of the aviation industry and artificial intelligence,
- Shipping and logistics,
- Global partnerships and innovation.
The Minister of Transport and Logistics and Chairman of the Board of Directors of the General Authority of Civil Aviation, Engineer Saleh bin Nasser Al-Jasser, who is participating in the opening of the conference, said: “The Kingdom offers unparalleled investment opportunities in the field of aviation at the global level, as the National Aviation Strategy works to double the number of passengers.” “And connecting the Kingdom to more than 250 destinations around the world, and shipping 4.5 million tons of goods annually, by 2030.”
Engineer Al-Jasser stated that the conference will provide huge investment opportunities, taking advantage of the Kingdom’s distinctive strategic location between the three continents of the world. Which enhances its attractiveness as a global logistics platform. Thus achieving one of the objectives of the civil aviation sector strategy emanating from the National Strategy for Transport and Logistics Services, to become an integrated and unique global conference.
The Minister of Investment, Engineer Khalid bin Abdulaziz Al-Falih, said: “Today, within the framework of the Kingdom’s Vision 2030, the Kingdom has become one of the most important centers for new investment in the world. It aims to attract investments worth three trillion and three hundred billion dollars by 2030.”
The conference will be attended by executives from major international companies, such as Boeing, Airbus, Commercial Aircraft Corporation of China Limited (COMAC) and Embraer, in addition to the participation of major investors and representatives of airlines, airports, shipping, logistics and aviation services companies.
Also Read: Dubai Launches Second Edition of Professional Diploma for Government Auditors
It is noteworthy that the “Future of Aviation” international conference, in its second edition, witnessed the participation of (60) countries, the signing of (52) agreements and memorandums of understanding, (116) bilateral meetings, and the launch of a number of important policies and strategies for the civil aviation sector, in addition to the signing of a large number of Partnerships between government sectors and private sectors.
