Saudi to showcase $100 Billion investment opportunity at aviation event

Saudi Arabia will showcase more than $100 billion in investment opportunities to enable its Saudi Aviation Strategy during The Future Aviation Forum.

Image: Saudia

The Forum's Investment Showcase from 20-22 May, in Riyadh, will highlight projects and incentives to attract investment into the Kingdom's booming aviation sector across airports, airlines, ground services, cargo and logistics.

As part of the $100 billion of investment opportunities, airports account for more than $50 billion, new aircraft orders around $40 billion, while the remaining $10 billion is comprised of other projects, including $5 billion in special logistics areas around the three main airports in Riyadh, Jeddah, and Dammam. 

His Excellency the Minister for Transport and Logistics Services, Saleh-Al-Jasser, who will open FAF24 said: “Saudi Arabia is presenting aviation investment opportunities that are unmatched globally, as the Saudi Aviation Strategy triples passenger numbers, connects to more than 250 destinations and handles 330 million passengers and 4.5 million tons of cargo by 2030." 

His Excellency the Minister for Investment Khalid Al-Falih, who will open the Investment Showcase, added: “Saudi Arabia is the world’s new investment hub, targeting $3.3 trillion in investment by 2030. Aviation is a key investment sector and enabler of the Kingdom’s broader economic transformation. The aviation investment showcase will provide investors with unparalleled access to participate in the Kingdom’s transformation.”