Imagine a future where Saudi Arabia stands as the epicenter of global aviation investment. This vision is set to materialize as the Kingdom prepares to host the Future Aviation Forum in Riyadh, showcasing a staggering $100 billion in investment opportunities aimed at propelling the ambitious Saudi Aviation Strategy forward.
Aviation Investment Opportunities Unveiled
At the forum, Saudi Arabia will present a comprehensive investment showcase, designed to attract global investors into its rapidly expanding aviation sector. Key areas of focus include airports, airlines, ground services, cargo, and logistics. Of the $100 billion earmarked for investment, more than $50 billion is dedicated to airport development, approximately $40 billion to new aircraft orders, and the remaining $10 billion to various projects, including $5 billion devoted to specialized logistics zones surrounding major airports in Riyadh, Jeddah, and Dammam.
Transforming the Kingdom’s Aviation Landscape
Saleh Al-Jasser, the Minister for Transport and Logistics Services, who will inaugurate the Future Aviation Forum, emphasized the unmatched global aviation investment opportunities Saudi Arabia offers. He highlighted the Saudi Aviation Strategy’s goals of tripling passenger numbers, connecting over 250 destinations, and managing 330 million passengers along with 4.5 million tonnes of cargo by 2030.
Khalid Al-Falih, the Minister for Investment, echoed this sentiment, reinforcing Saudi Arabia’s position as the world’s new investment hub with a target of $3.3 trillion in investments by 2030. He stressed aviation’s critical role in enabling the Kingdom’s broader economic transformation and announced that the investment showcase would provide unparalleled access for investors to engage in this transformation.
Engaging Global Aviation Leaders
The forum will offer investor briefings, meetings, and panels on major projects, including the ambitious six-runway King Salman International Airport in Riyadh and public-private partnerships for airports in Abha, Taif, Hail, and Qassim. Opportunities in cargo, logistics, advanced air mobility, and business aviation will also be explored. Aviation suppliers will gain insights into expansion plans for the new airline Riyadh Air, as well as regional leaders such as Saudia, Flynas, and Flyadeal.
Esteemed global executives from Boeing, Airbus, the Commercial Aircraft Corporation of China, and Embraer will join the event, accompanied by investors and representatives from airlines, airports, cargo, logistics, and aviation services companies. Notable speakers include Saudi ministers and CEOs from both Saudi and international aviation and investment sectors.
The Future Aviation Forum will take place from May 20-22 in Riyadh, marking a pivotal moment for Saudi Arabia’s aviation sector and its role in the global investment landscape.
