The Kingdom of Saudi Arabia is set to unveil a massive investment drive aimed at injecting over $100 billion into its thriving aviation sector. This initiative will cover various areas including airports, airlines, ground services, cargo, and logistics.
Of the total investment, more than $50 billion is earmarked for airport development, roughly $40 billion for new aircraft acquisitions, and an additional $10 billion for various projects. Notably, $5 billion will focus on establishing specialized logistics zones around the major airports in Riyadh, Jeddah, and Dammam.
Key figures, such as the Saudi Arabian Assistant Minister of Investment Dr. Abdullah Aldubaikhi, will participate in discussions at Saudi House. The event will also see contributions from leaders at Archer Aviation, Jeddah Airport, and the Centre for the Fourth Industrial Revolution Saudi Arabia.
Mohammed Alkhuraisi, GACA’s Executive Vice President of Strategy and Business Intelligence, highlighted the unmatched global aviation investment opportunities in Saudi Arabia. He noted the ambitious Saudi Aviation Strategy, which aims to triple passenger numbers, connect to over 250 destinations, and manage 330 million passengers along with 4.5 million tons of cargo.
The panel discussion will also update on significant projects like the King Salman International Airport in Riyadh, which features six runways, and explore public-private partnerships for airports in Abha, Taif, Hail, and Qassim.
Additional opportunities in the sectors of cargo, logistics, Advanced Air Mobility, and business aviation will also be showcased.