Saudi Arabia – The Saudi News Agency “Wasa” reported that the Kingdom is offering investment opportunities worth $100 billion during the “Future of Aviation 2024” conference this May.
According to “SPA”, the “Future of Aviation” conference in its third edition, which is held under the patronage of the Saudi King Salman bin Abdulaziz Al Saud, and organized by the General Authority of Civil Aviation during the period from May 20 to 22, 2024, in the city of Riyadh under the slogan “Enhancing the level of connectivity” Global Investment Opportunities worth more than $100 billion, with the aim of “achieving the goals of the Kingdom’s Vision 2030 to transform the Kingdom into a leading 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.”
“SPA” explained that “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,” pointing out that “the value of investment opportunities The amount provided by the Kingdom’s airports amounts to more than $50 billion, out of a $100 billion value of investments in the aviation sector, while the value of new aircraft purchase orders amounts to approximately $40 billion, while the remaining $10 billion is distributed among other projects, including $5 billion. “The value of investments provided by the special logistics zones located at the three main airports in Riyadh, Jeddah and Dammam.”
The Saudi Press Agency also stated that 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 fuels, digitalization of the aviation industry and artificial intelligence, shipping and logistics, global partnerships and innovation.”
For his part, the Minister of Transport and Logistics and Chairman of the Board of Directors of the General Authority of Civil Aviation, 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… Passenger numbers, connecting the Kingdom to more than 250 destinations around the world, and shipping 4.5 million tons of goods annually, by 2030,” noting that “the conference will provide huge investment opportunities, taking advantage of the Kingdom’s distinctive strategic location between the three continents of the world.” “This enhances its attractiveness to be a global logistics platform, thereby 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, Khalid bin Abdulaziz Al-Falih, explained, saying: “Thanks to God Almighty, then under the guidance and support of our wise leadership, and with the combined efforts of its people, the Kingdom has become, today, and within the framework of the Kingdom’s Vision 2030, one of the most important centers for new investment in the world, and it aims to attract investments worth Three trillion and three hundred billion dollars by 2030.”
He added, “The civil aviation sector is one of the main investment sectors, as well as being a key enabling factor in the Kingdom’s large-scale economic transformation and diversification plan, pointing out that in this context, the Future of Aviation Conference will provide distinct opportunities for investors to be part of this transformation,” adding “The Kingdom has launched several development and investment projects in all fields, including the inauguration of the private integrated logistics zone in Riyadh, which represents evidence of the achievement of one of the most important goals of the Kingdom’s Vision 2030, which is to create a solid, practical and effective partnership between the various sectors of the government, and between public and private sector institutions.” “Both, to contribute, collectively, to enhancing the growth of the economy in the future.”
The conference will witness the participation of a number of investors, meetings and discussion panels on the major projects currently taking place in the Kingdom, including King Salman International Airport, and a discussion of partnerships between the public and private sectors at the airports of Abha, Taif, Hail and Qassim.
It will also witness a review of investment opportunities in the fields of shipping, logistics services, advanced air transport, and general aviation, in addition to informing aviation sector suppliers of the expansion plans of Riyadh Airlines, and the leading regional airlines, including Saudi Airlines, Flynas, and Flyadeal.
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.
Source: “SPA”
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2024-05-11 16:32:42
