Saudi Arabia plans to generate $100 billion investment in the aviation sector by the end of this decade and launching a new national airline.
Saudi Minister of Transport Saleh Al-Jasser disclosed this mega development at the inaugural ceremony of the Future Aviation Forum in Riyadh on May 09.
Talking about the “great aviation reform” in Saudi Arabia aimed at turning the nation into the Middle East’s aviation hub, he said Saudi Arabian government has ambitious plans to launch a new national carrier which could emerge as one of the best in the world in the coming years.
“We will also launch an additional national carrier to be among the world’s best airlines and we will upgrade all our facilities, infrastructure, and airports led by our hubs namely Riyadh and Jeddah,” said Al-Jasser.
He went on to say that the Kingdom aims to host 300 million passengers, and five million tons of freight reaching 250 destinations by 2030.
Talking about the vitality of the Future Aviation Forum, the minister added: “Through this forum, we can establish a strong global voice to contribute to the global wellbeing, sustainability and prosperity, and if we are successful, and I believe we will be, today will mark the start of a golden era for aviation.”
