Saudi Arabia and France have outlined new investment opportunities valued at $2.6 billion to boost the aviation sector, following a series of agreements at a joint meeting during the Paris Air Show.
Key areas for investment include airport infrastructure, air navigation, and advanced aviation technologies. The event brought together more than 65 organizations from both countries, including industry leaders and government officials, to discuss ways to strengthen cooperation and support the Kingdom’s Vision 2030 economic goals.
Several agreements were signed to enhance ground support services, develop local technology, and expand workforce training. Notably, Saudi Ground Services partnered with France’s Alvest Group and Arabian Alvest Equipment Maintenance to localize smart, eco-friendly ground equipment and provide technical training programs.
Discussions also addressed future challenges in global aviation, with a strong focus on innovation, sustainability, and infrastructure. Another notable deal saw Cluster2 Airports teaming up with Airbus to introduce digital solutions aimed at improving efficiency and security across Saudi airports, including the deployment of Airbus’ Agnet Turnaround platform for real-time coordination.
These initiatives are part of Saudi Arabia’s National Aviation Strategy, which aims to increase airport capacity to 330 million passengers and 4.5 million tonnes of cargo per year by 2030, connecting the country to more than 250 destinations worldwide.