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.