The world's aviation investors are set to descend on Riyadh this month for the Future Aviation Forum (FAF24), where Saudi Arabia will showcase over $100 billion in investment opportunities to enable its Saudi Aviation Strategy (SAS).

 

The Forum's Investment Showcase from May 20 to 22 will highlight projects and incentives to attract investment into the kingdom's booming aviation sector across airports, airlines, ground services, cargo and logistics.

 

As part of the $100 billion of investment opportunities, airports account for more than $50 billion, new aircraft orders around $40 billion, while the remaining $10 billion is comprised of other projects, including $5 billion in special logistics areas around the three main airports in Riyadh, Jeddah and Dammam.

 

Unmatched globally

The Minister for Transport and Logistics Services, Saleh-Al-Jasser, who will open FAF24, said: “Saudi Arabia is presenting aviation investment opportunities that are unmatched globally, as the Saudi Aviation Strategy triples passenger numbers, connects to more than 250 destinations and handles 330 million passengers and 4.5 million tonnes of cargo by 2030."

 

The Minister for Investment Khalid Al-Falih, who will open the Investment Showcase, added: “Saudi Arabia is the world’s new investment hub, targeting $3.3 trillion in investment by 2030. Aviation is a key investment sector and enabler of the Kingdom’s broader economic transformation. The aviation investment showcase will provide investors with unparalleled access to participate in the kingdom’s transformation.”

 

Investor briefings

The Showcase will include investor briefings, meetings and panels on major projects including the massive six runway King Salman International Airport in Riyadh and public private partnerships for the Abha, Taif, Hail and Qassim international airports. The showcase will also feature opportunities in cargo and logistics, Advanced Air Mobility and business aviation. Aviation suppliers will be briefed on expansion plans for new airline Riyadh Air, as well as leading regional airlines including Saudia, Flynas and Flyadeal.  

 

Global executives from Boeing, Airbus, Commercial Aircraft Corporation of China, Embraer will attend the event, alongside leading investors, airlines, airports, cargo, logistics and aviation services companies. Speakers include the Minister of Transport and Logistics Services, the Minister of Investment, plus Saudi and global aviation and investment CEOs.--TradeArabia News Service