Kingdom Offers $100Bn Investment at Future of Aviation Conference 2024

Kingdom Offers $100Bn Investment at Future of Aviation Conference 2024

The Future of Aviation Conference in its third edition, which is held from May 20 to May 22, 2024, in Riyadh under the slogan “Enhancing the Level of Global Connectivity,” has offered investment opportunities worth more than $100 billion.

The conference aims to transform the Kingdom into a leading logistics center in the Middle East, and to achieve the goals of the National Aviation Strategy by providing an attractive investment environment in this vital and important sector.

The conference will highlight the projects and incentives provided by the Kingdom to attract investment in the Saudi aviation sector, which has witnessed remarkable prosperity and development over the past few years, through airports, airlines, ground services, air freight, and logistics services.

Investment opportunities at the Kingdom’s airports exceed $50 billion, part of a $100 billion total investment in aviation. New aircraft orders are valued at around $40 billion, with the remaining $10 billion allocated to various projects. Special logistics zones at Riyadh, Jeddah, and Dammam airports contribute $5 billion to these investments.

Al-Falih’s Vision for Investment Growth

On his part, the Minister of Investment, Engineer Khalid bin Abdulaziz Al-Falih, said: “Thanks to God Almighty, then under the guidance and support of our wise leadership and with the combined efforts of its people, the Kingdom has become, today, and within the framework of the Kingdom’s Vision 2030, one of the most important centers for new investment in the world.”

“It aims to attract investments worth three trillion and three hundred billion dollars by 2030.”

The International Future of Aviation Conference, in its second edition, saw the participation from 60 countries, with 52 agreements and memorandums of understanding (MoU) signed, along with 116 bilateral meetings. It also witnessed the launch of several significant policies and strategies for civil aviation, alongside numerous partnerships between government and private sectors.

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