Economy

Saudi Arabia’s Future Aviation Forum: Leading the Way in Regional Logistics

Riyadh Hosts Global Aviation Experts for Future Aviation Forum

Riyadh is gearing up to welcome over 5,000 global aviation industry experts, international airline leaders, and airport executives from May 20 to 22 for the highly anticipated Future Aviation Forum. This dedicated event will tackle the pressing challenges facing the industry head-on.

Discussion Topics at the Future Aviation Forum

The Saudi Press Agency reports that the Future Aviation Forum will feature discussions on key issues impacting the global flight sector, air transport, and environmental sustainability in civil aviation. Attendees can also expect talks on enabling advanced air transport and enhancing global connectivity.

Kingdom’s Ambition in Aviation Sector

Organized by the General Authority of Civil Aviation, this event aligns with the Kingdom’s ambitious goal to become a leader in the aviation sector within the next decade. Saudi Arabia aims to secure $100 billion worth of investments by 2030, positioning itself as a key player in the industry.

Successes from Previous Editions

The inaugural edition of the Future Aviation Forum in 2022 witnessed representatives from 60 countries coming together to sign 52 agreements and host 116 bilateral meetings. This event paved the way for crucial policies and partnerships between governmental and private sectors, fostering collaboration in the aviation industry.

Key Deals and Initiatives

Transport ministers, heads of civil aviation authorities, and top executives from global aviation companies took advantage of the forum to ink over 50 deals totaling $2.7 billion in value. These agreements included bilateral air services agreements, collaborations on sustainability, human capital development, airport operation deals, and technology partnerships.

Riyadh Aviation Declaration

During the forum, the Riyadh Aviation Declaration was adopted, outlining six principles to guide global aviation towards innovation, sustainability, and growth. Signatories committed to enhancing regulations, supporting recovery, investing in innovation, developing human capital, leading sustainability discussions, and advocating for industry contributions.