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HomeInvestmentElevating Saudi Arabia’s Air Travel: A $100 Billion Leap

Elevating Saudi Arabia’s Air Travel: A $100 Billion Leap

National Aviation Strategy to Revitalize Transport Sector

August 18, 2024
in Investment
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Saudi Arabia is setting its sights on a major enhancement of its transportation and logistics sector, with a strategic plan in its aviation industry that envisions attracting upwards of $100 billion in investments. This ambitious endeavor aims to significantly elevate the kingdom’s stature in the global aviation market.

As part of a broader economic shift, the kingdom is anticipated to redirect a substantial 73% of its total forecasted investments towards diversifying its economy, particularly into sectors beyond oil. This move is part of what financial giant Goldman Sachs has termed a ‘capex super-cycle’, which is expected to unfold by the year 2030.

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Tags: investmentNational Aviation StrategyNon-Oil Sectorssaudi arabiaTransport and Logistics
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