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Saudi Arabia to invest $100m to boost its aviation sector

Abdulaziz Al-Duailej made this revelation at the 15th International Conference on Air Services Negotiations, organized by the International Civil Aviation Organization in Riyadh on Sunday.
Abdulaziz Al-Duailej made this revelation at the 15th International Conference on Air Services Negotiations, organized by the International Civil Aviation Organization in Riyadh on Sunday.
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04 Dec 2023 01:12:47 GMT9
04 Dec 2023 01:12:47 GMT9

Miguel Hadchity

RIYADH: Saudi Arabia plans to invest $100 million to serve 356 million passengers to further boost its tourism efforts and aviation strategy in line with Vision 2030, according to the president of the Kingdom’s General Authority of Civil Aviation.

Abdulaziz Al-Duailej made this revelation at the 15th International Conference on Air Services Negotiations, organized by the International Civil Aviation Organization in Riyadh on Sunday. The event, hosted by GACA, will continue till Dec. 7.

Emphasizing the comprehensive nature of the strategy, Al-Duailej provided insight into the multifaceted approach. 

He said: “We aim at developing and upgrading all aviation sectors, including Saudi airlines, logistics services, cargo services, and other support services.”

This financial injection underscores Saudi Arabia’s dedication to becoming a prominent player in the global aviation arena. 

Al-Duailej articulated the strategic objectives: “We are building an integrated airline network with Riyadh and Jeddah as strategic and central hubs.”

He outlined plans to establish international connections with 250 destinations by 2030.

This forward-looking approach aims to position Saudi Arabia as a leader in the aviation industry, fostering global connectivity and economic growth.

The significance of this commitment was further underscored by the President of the International Civil Aviation Organization, Salvatore Sciacchitano, who commended Saudi Arabia’s dedication. 

Sciacchitano said: “I am proud to say that the strategic direction of the Kingdom of Saudi Arabia in this sector will help countries achieve development and success.”

Saudi Minister of Transport and Logistic Services Saleh Al-Jasser also emphasized the impact of the civil aviation strategy, designed not only to enhance transportation but to foster relationships, facilitate trade, and open doors to Arab tourism. 

Al-Jasser spoke of the conference as evidence of a collective commitment to global integration through aviation.

The $100 million investment announcement serves as a cornerstone in Saudi Arabia’s journey to become a global aviation leader, as outlined by leaders at the ICAN conference. 

The financial commitment and strategic initiatives reflect the Kingdom’s determination to shape the future of air travel and contribute to the international aviation landscape.

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