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Saudi Arabia's aviation sector has contributed $20.8 billion to its GDP, underscoring its pivotal role in the nation's economy, according to a report from its regulator. The General Authority of Civil Aviation (GACA) noted that aviation-related activities have also generated an additional $32.2 billion in tourism receipts. The sector has created 241,000 jobs and supported another 717,000 jobs in tourism-related industries, the GACA's inaugural State of Aviation Report highlighted. Additionally, the report revealed that Saudi Arabia surpassed global aviation growth rates last year, achieving 123% of international pre-pandemic seat capacity, compared to the global and regional recovery rates of 90% and 95%, respectively. #saudiarabia #aviation #sector #economy

Saudi Arabia's aviation sector has contributed $20.8 billion to its GDP, underscoring its pivotal role in the nation's economy, according to a report from its regulator. The General Authority of Civil Aviation (GACA) noted that aviation-related activities have also generated an additional $32.2 billion in tourism receipts. The sector has created 241,000 jobs and supported another 717,000 jobs in tourism-related industries, the GACA's inaugural State of Aviation Report highlighted. Additionally, the report revealed that Saudi Arabia surpassed global aviation growth rates last year, achieving 123% of international pre-pandemic seat capacity, compared to the global and regional recovery rates of 90% and 95%, respectively. #saudiarabia #aviation #sector #economy

🚆📈 Saudi Arabia Railways Carried 5.1M Passengers in H1, Cargo Transport Up 9% 📈🚆 Saudi Arabia Railways reported a busy first half of the year, transporting 5.1 million passengers and seeing a 9% increase in cargo transport. This growth highlights the expanding role of rail travel in the kingdom. #SaudiArabiaRailways #PassengerTransport #CargoTransport #RailwayGrowth #TransportationNews #SaudiArabia #RailwayStatistics #Logistics #TravelTrends #TransportSector #EconomicGrowth #RailTravel #PublicTransport #CargoIncrease #InfrastructureDevelopment

🛫 Saudi Arabia's aviation sector reported a 𝟐𝟎% 𝐢𝐧𝐜𝐫𝐞𝐚𝐬𝐞 in passenger numbers this year, following a 26% surge last year, reaching 111 million passengers. This growth is driven by a 48% expansion in connectivity, adding 148 new destinations worldwide. ✈ During the Future Aviation Forum 2024, GACA President Abdulaziz Al Duailej highlighted the sector's achievements and its significant contributions to the economy. Key objectives include increasing destinations to over 250, boosting cargo capacity to 4.5 million tons annually, and increasing passenger traffic to 330 million. 🛩 The National Aviation Strategy aims to make Saudi Arabia a global logistics hub, leveraging its strategic location. Minister of Transport and Logistics Services Saleh Al Jasser emphasized improving the Kingdom’s logistical performance to rank among the top 10 globally. #saudiaviation #sauditransport #aviation #aviationpassengertraffic

Oman Air targets operating profitability by 2026 MUSCAT: A four-year transformation plan launched by Oman Air seeks to enable the national carrier to achieve, among other objectives, an operating profit by 2026 – a business goal that has eluded the state-owned airline for well over a decade. According to Eng Saeed bin Hamoud al Maawali, Minister of Transport, Communications and Information Technology, who is also Chairman of the Board of Directors of Oman Air, the strategy also enshrines a commitment to reshaping the airline from a state-backed business into a “self-sufficient commercial enterprise”. Oman Air Oman Airports Management Company Ministry of Transport, Communications and Information Technology - Oman Oman Investment Authority Ministry of Heritage and Tourism - Sultanate of Oman Read more: https://lnkd.in/dEVygAVy #OmanAir #NationalCarrier #Airline #CommercialEnterprise #Profits #OmanAirport #Oman #OmanBiz

The signing of a major contract between SAL Saudi Logistics Services Company and Riyadh Airports Company signifies a major investment in the country's aviation #infrastructure. The agreement, which is worth SAR 458 million ($122 million), is centred on the improvement and leasing of air cargo facilities at King Khaled International Airport in Riyadh's Cargo Village. The agreement, signed on May 21st, details plans for the building of over 90,000 square metres of air cargo infrastructure over a 20-year period, according to an official declaration to the market. This #partnership has the potential to improve the airport's logistical capacities and position it as a key centre for cargo operations in the area. SAL expects to invest SAR 350 million in the project, with the possibility of up to SAR 500 million in lease cost savings over the course of the contract. The collaboration demonstrates a dedication to strengthening Saudi Arabia's standing in the world #logistics arena, promoting efficiency and economic growth in the aviation industry. To share your startup story write us on - contact@startuprise.org #Partnership #Collabration #Logistics #SaudiArabia #Aviation #Cargo

Saudi Arabia Witnesses 27% Surge in Train Travel in Q1, Sets Course for Annual Record. Saudi Arabia's railway network is experiencing unprecedented growth, with both passenger and cargo figures reaching record highs in the first quarter of 2024. Read more: https://lnkd.in/gUcPVrii #SaudiArabia #TrainTravel #Q1Surge #AnnualRecord #RailwayGrowth #ArabNews #ArabTimes #ArabTimesNews

AFRAA: African Airlines’ Performance Update reveals a 6% increase in available seats, reaching 15.9 million in May 2024, thanks to new routes and higher flight frequencies. Available Seat Kilometers (ASKs) rose by 12% from May 2023 levels, with projections indicating a 15% rise in passenger traffic for 2024. Major hubs like Addis Ababa, Nairobi, Abidjan, and Lome experienced significant connectivity boosts. Financially, African airlines' revenue grew to $1.74 billion in March 2024, marking a 26% increase from the previous year. In regulatory news, Nigeria's excessive airline taxes are a concern, while Egypt is moving towards sustainable aviation fuel production. Kenya is updating #aviation regulations, and South Africa has clarified its B-BBEE Act for foreign operators. Additionally, Nigeria has released all previously blocked airline funds. 🔗 Read in more details: https://lnkd.in/dj4gZK6V

Saudi can attract huge investment opportunities but it needs to adopt more open and friendly policies to compete with other industrialized countries. Saudi must adopt new policies and laws keeping in view future #innovation, #technology, #creativity, sustainability, global integration and collaboration. This will create new jobs, diversify revenues, transfer knowledge, improve quality of life and increase Saudi GDP. All these outcomes are aligned with #MBS Saudi Vision 2030 Ministry of Investment Ministry of Commerce - Saudi Arabia #ksa #saudiarabia #saudi

Qatar Airways to resume flights to Libya: Libya has signed an initial air services agreement with #Qatar in the presence of the Qatari Minister of Transport, Jassim bin Saif Al-Sulaiti. This agreement comes within the framework of restoring flight traffic to Libyan airspace and connecting Libyan airports to the international airline network. The Qatari Civil Aviation delegation will arrive in #Tripoli in the first week of May, to discuss the resumption of Qatar Airways flights between the two countries. The Libyan government said that with Qatar Airways commencing its flights to Libya, after Turkish Airlines resumed its flights recently, “the period of hesitation of international airlines regarding the security and technical aspects of Libyan airports will end, and the period of suffering of travellers in most international sectors to and from Libyan airports will end.” This news is another positive indication of promising horizons and progress, that should open new opportunities in various fields in #Libya. #LeptisBusinessServices #Libya 🇱🇾 #Qatar 🇶🇦