GACA of Saudi Arabia to showcase investment opportunities

GACA of Saudi Arabia will present aviation investment opportunities on the sidelines of the World Economic Forum Annual Meeting in Davos this week.

Image: GACA of Saudi Arabia

The investment showcase will highlight projects and incentives to unlock more than $100 billion of investment into the Kingdom's booming aviation sector across airports, airlines, ground services, cargo and logistics.

As part of the more than $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.

Panellists at Saudi House during the focus on aviation include the Saudi Arabian Assistant Minister of Investment Dr. Abdullah Aldubaikhi and leaders from Archer Aviation, Jeddah Airport, the Centre for the Fourth Industrial Revolution Saudi Arabia and GACA.

GACA Executive Vice President of Strategy and Business Intelligence Mohammed Alkhuraisi 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.”

The investment panel discussion will provide updates on major projects including the massive six runway King Salman International Airport in Riyadh and public private partnerships for the Abha, Taif, Hail and Qassim international airports.

The showcase will also feature opportunities in cargo and logistics, Advanced Air Mobility and business aviation.