International
Saudi to invest $100 billion in aviation by 2030
Seetao 2022-05-10 09:37
  • Saudi to open new airline and two new aviation centers in Riyadh and Jeddah, doubling air logistics, transport and foot traffic
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Saudi Transport Minister Saleh Al-Jasser said at the opening of the Future Aviation Forum in Riyadh that the kingdom aims to achieve $100 billion in investment in aviation by 2030. Saudi Arabia is about to undertake great aviation reforms aimed at transforming the country into the center of the Middle East aviation industry. The Saudi government has ambitious plans to build one of the world's best airlines in the coming years.

He said: "We will also launch another national airline to become one of the best in the world, we will upgrade all our facilities, infrastructure and airports, with our transport hub capital Riyadh and western city Kyrgyzstan Da leads."

Currently the national airline of Saudi Arabia; Saudi Arabian Airlines is headquartered in Jeddah. Saudia's main hub is King Abdulaziz International Airport in Jeddah. Its goal is to handle 300 million passengers worldwide and transport 5 million tons of cargo to 250 destinations by 2030. Investments in the aviation industry will also create more jobs for Saudi nationals.

Jahir said the aviation industry is currently at a crossroads due to the impact of the new crown epidemic, facing short-term challenges including energy prices, sustainable development, growth and competitiveness. Raid Ismael, co-head of direct investment in the Middle East and North Africa at the Saudi Public Investment Fund, also agreed with Jasser's plan. Keywords: overseas news, engineering news

Ismail said aviation is a key sector of the Saudi Public Investment Fund's focus and part of its strategy is to be an enabler in the implementation of the Kingdom's 2030 Vision. "From a commercial aviation perspective, there are many opportunities for new airlines in Riyadh," he told the forum.Editor/XingWentao

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