Future Aviation Forum in Riyadh attracts global aviation leaders

Web DeskApril 12, 2024 01:32 AMbusiness
  • Over 5,000 industry experts convene to discuss aviation challenges
  • Saudi Arabia aims to attract $100 billion in aviation investments by 2030
  • 52 agreements and $2.7 billion deals signed during inaugural forum
Future Aviation Forum in Riyadh attracts global aviation leadersImage Credits: Bit Perfect Solutions
The Future Aviation Forum in Riyadh brings together global aviation leaders to address challenges, foster partnerships, and drive innovation in the industry. With a focus on sustainability and growth, Saudi Arabia aims to position itself as a key player in the global aviation landscape by attracting significant investments and advancing national strategic objectives.

Over 5,000 aviation industry experts, airline leaders, and airport executives are set to meet in Riyadh from May 20 to 22 for the Future Aviation Forum. This event, organized by the General Authority of Civil Aviation, aims to address challenges in the aviation sector and discuss topics such as global flight issues, air transport, and environmental sustainability.

The Kingdom of Saudi Arabia has ambitious plans to become a key player in the aviation industry by attracting $100 billion in investments by 2030. The forum serves as a platform to advance national strategic objectives, positioning Saudi Arabia as a leading logistical center in the Middle East.

During the inaugural edition in 2022, representatives from 60 countries participated in the forum, resulting in the signing of 52 agreements and 116 bilateral meetings. Notable outcomes included the establishment of crucial policies, partnerships between government and private sectors, and the signing of deals worth $2.7 billion.

Key highlights of the event included the adoption of the Riyadh Aviation Declaration, which outlines principles for innovation, sustainability, and growth in global aviation. Signatories committed to enhancing regulations, supporting recovery efforts, investing in innovation, and prioritizing customer needs.

The Future Aviation Forum in Riyadh serves as a pivotal platform for industry leaders to collaborate, forge partnerships, and drive innovation in the aviation sector. With a focus on sustainability and growth, the forum aims to propel the Kingdom of Saudi Arabia towards becoming a prominent player in the global aviation landscape.

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