Riyadh Set to Host Future Aviation Forum 2024
Aviation leaders and key figures from across the globe are gearing up to convene in Riyadh for the highly anticipated Future Aviation Forum 2024. This three-day event will showcase the latest innovations in global air travel, aligning with Saudi Arabia’s ambitious goal to generate $100 billion from the aviation sector by 2030.
Uniting Experts from Over 100 Countries
Under the theme “Elevating Global Connectivity,” the forum will bring together more than 5,000 experts and leaders in aviation from over 100 countries. Participants will include ministers, regulators, manufacturers, as well as representatives from airlines and airports.
Highlighting Investment Opportunities
Led by the General Authority of Civil Aviation, the event is scheduled to take place from May 20 to 22, showcasing various projects and incentives aimed at attracting investments into Saudi Arabia’s rapidly growing aerospace sector. Investment opportunities include projects in airports, airlines, ground services, cargo, and logistics, with a focus on attracting global investors.
Paving the Way for Growth
The forum aims to highlight over $100 billion in investment opportunities, with a significant portion allocated to airports, new aircraft orders, and other key projects. Following the success of the 2022 edition, which saw the signing of numerous agreements totaling $2.7 billion, this year’s forum will feature commercial announcements, roadmap presentations, and specialized panel sessions focusing on general aviation.
Key Statements from Ministers
Minister for Transport and Logistics Services Saleh Al-Jasser will inaugurate FAF24, emphasizing the vast aviation investment opportunities available in Saudi Arabia. The Saudi Aviation Strategy aims to triple passenger numbers, connect to over 250 destinations, and manage millions of passengers and tons of cargo by 2030.
Emphasizing Investment in Aviation
The Investment Showcase at the forum will be inaugurated by the Minister of Investment Khaled Al-Falih, highlighting Saudi Arabia’s position as a global investment hub. With a target of $3.3 trillion in investment by 2030, the aviation sector plays a crucial role in the Kingdom’s economic transformation.
Industry Experts and Sponsors
The forum will feature global aviation executives from leading companies such as Boeing, Airbus, Commercial Aircraft Corp. of China, and Embraer. Additionally, main sponsors include Saudia Group, Matarat, King Salman International Airport, and Saudi Air Navigation Services.
Future of General Aviation
GACA is set to unveil a General Aviation roadmap, aiming to significantly increase the sector’s contribution to Saudi Arabia’s GDP by 2030. The roadmap will focus on business jet segments, infrastructure development, and regulatory enhancements to support the Kingdom’s growth as a global business and tourist destination.
Focus on Sustainability and Innovation
The event will address industry themes such as business, talent, collaborations, sustainability, innovation, and technology. High-level speakers from various sectors are expected to participate, sharing insights and expertise on the future of aviation.
Interactive Workshops and Panels
The forum will feature interactive workshops, panel discussions, and sessions covering a wide range of topics including future airport development, sustainability in aviation, privatization, investment, and the evolving financial landscape. The event aims to provide valuable insights and opportunities for industry professionals and investors.
Conclusion
The Future Aviation Forum 2024 in Riyadh is set to be a groundbreaking event, bringing together industry experts, government officials, and investors to drive growth and innovation in the aviation sector. With a focus on global connectivity, investment opportunities, and future industry trends, the forum promises to be a platform for collaboration, knowledge-sharing, and strategic partnerships.