Saudi Arabia’s Industry Minister and Global Aviation Heads Discuss Supply Chain Challenges and Investment Attraction at Future Aviation Forum 2024
In a high-level meeting at the Future Aviation Forum 2024 in Riyadh, Saudi Arabia’s industry minister, Bandar bin Ibrahim Alkhorayef, engaged in discussions with key figures from global aviation companies. Among the attendees were the president of the Commercial Aircraft Corp. of China, the president and CEO of Embraer Commercial, and the president of Boeing, as reported by the Saudi Press Agency.
Focus on Cooperation and Opportunities
Alkhorayef’s discussions centered around enhancing cooperation across different segments of the aviation industry. The talks highlighted the Kingdom’s vast opportunities, addressed global supply chain challenges, and explored avenues for investment attraction, technological advancement, and knowledge exchange.
Exploring the Latest in Aviation Technology
During the event, the minister toured the pavilions of various global aviation companies, including Airbus, Boeing, and Riyadh Air. He received updates on the latest technologies and recent advancements in the aviation industry and its related sectors.
Historic Aircraft Deal and Vision 2030
On May 20, Saudia Group signed a monumental $19 billion order deal for 105 planes, marking the largest aircraft deal with Airbus in the Kingdom’s history. The agreement was announced in the presence of Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser and Benoît de Saint-Exupery, executive vice president of sales at Airbus, who emphasized the vital role the new aircraft will play in contributing to Saudi Arabia’s ambitious Vision 2030 plan.
Transforming Saudi Arabia into a Leading Logistics Hub
The Future Aviation Forum, held under the patronage of King Salman from May 20 to 22, showcases investment opportunities exceeding $100 billion. The event aims to achieve the goals of Saudi Vision 2030, transforming the Kingdom into a leading logistics hub in the Middle East and meeting the objectives of the national aviation strategy. With over 30 ministers, 77 leaders of civil aviation authorities, global airline executives, and 5,000 industry experts and leaders from more than 120 countries in attendance, the forum is a key platform for driving innovation and collaboration in the aviation industry.