Saudi Arabia plans to invest $ 100 billion in the aviation sector until 2030

Saudi Transportation Minister Saleh Al-Jasser said Saudi Arabia will attract more than $ 100 billion in public and private sector investments until the end of the decade. in course.

This happened on the sidelines of the “Future of Aviation Conference “, which began today in Riyadh, 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 see billions of agreements for the first time, as more than 50 agreements and memoranda of understanding will be signed, as well as a large number of government-private sector partnerships.

The General Civil Aviation Authority in Saudi Arabia is also launching an initiative to unify procedures and policies related to health requirements to support the recovery of the aviation sector from the Corona pandemic.

The organization of the conference is part of the goals of the Saudi transport and logistics strategy to provide investment opportunities worth $ 100 billion, which will help transform the Kingdom in a global aviation hub and to attract 330 million passengers by 2030.

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Al-Arabiya correspondent from Riyadh, Hana Nour, said that the number of visitors to the Conference on the Future of Aviation, organized by the General Civil Aviation Authority in Saudi Arabia has reached 4,000 registered visitors so far.

He added that the conference will witness a series 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 see the signing of 50 agreements worth 10.2 billion riyals, as well as the launch of policies and strategies for the civil aviation sector, as well as the launch of a comprehensive policy to accelerate recovery. of the sector.

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