He said The Saudi Minister of Transport, Saleh Al-Jasser, Saudi Arabia will attract investments of more than $100 billion in the public and private sectors by the end of this decade.
This came on the sidelines of the “Future of Aviation Conference”, which kicked off in Riyadh today, with the participation of 2,000 exhibitors from 60 countries.
During the 3-day conference, Al-Jasser launched the national aviation strategy, which targets 250 direct destinations to and from the Kingdom’s airports, inaugurated a new air carrier, and tripled air traffic.
The conference will witness billions of deals for the first time, as more than 50 agreements and memoranda of understanding will be signed, as well as a large number of partnerships between government and private sectors.
The General Authority of Civil Aviation in Saudi Arabia is also launching an initiative to unify procedures and policies regarding health requirements to support the aviation sector’s recovery from the Corona pandemic.
The organization of the conference falls within the objectives of the Saudi Transport and Logistics Strategy to provide investment opportunities worth $100 billion, which will contribute to transforming the Kingdom into a global aviation hub and attracting 330 million passengers by 2030.
Al-Arabiya correspondent from Riyadh, Hana Nour, said that the number of visitors to the Future of Aviation Conference, which is organized by the General Authority of Civil Aviation in Saudi Arabia, has reached 4,000 registered visitors so far.
She added that the conference will witness a number of dialogue sessions, with the participation of 120 speakers, explaining that these sessions focus on 3 main axes: growth, innovation and sustainability.
Nour indicated that the conference will also witness the signing of 50 agreements worth 10.2 billion riyals, as well as the launch of policies and strategies for the civil aviation sector, in addition to the launch of a global policy to accelerate the sector’s recovery.
