London .. a Saudi -British meeting discussing cooperation in civil aviation

A delegation from the civil aviation sector system headed by the Executive Vice President of Strategy and Business Intelligence, Mohammed bin Fahd Al -Khuraisi, participated in the United Kingdom in the Saudi -British round table, with major British companies specialized in the field of civil aviation, with the participation of CEOs, officials and a number of experts in The field of aviation, airports and service sectors for the aviation system.
During the meeting, ways of cooperation were discussed regarding the enhancement of strategic relations, economic growth, and promising opportunities available to achieve the “Kingdom Vision 2030” targets, in addition to introducing achievements, exchanging experiences and opinions and reviewing investment opportunities with the private sector.

Commercial and investment partnership

Al -Khuraisi noted in a speech during the meeting, the depth of strategic relations between the Kingdom of Saudi Arabia and the United Kingdom, which played a pivotal role in enhancing economic growth, cultural exchange, and strengthening ties between the two friendly countries, pointing out that the two countries agreed last December to increase the volume of bilateral trade to 37.5 billion dollars by 2030, as this growth reflects the importance of trade relations and its mutual benefit to the economies of both countries.

He pointed out that the relationship between the two countries is based on a successful commercial and investment partnership, as there are more than 1,000 British companies currently holding investment licenses in the Kingdom of Saudi Arabia, and 55 companies that have licenses for regional headquarters, such as Bae Systems and Rolls -Royce.

European market

And that the Kingdom of Saudi Arabia and the United Kingdom have strong relations in a field, as the United Kingdom represents the main European market for the Kingdom, and the total number of travelers between the Kingdom and Britain in 2024 increased more than twice as compared to 2022, to reach one million and 338 thousand passengers.
He stated that the Kingdom has succeeded in launching large investments in the infrastructure of airlines and airports, including the establishment of “Riyadh Air” company as a new national carrier, the launch of the main plan for King Salman International Airport in Riyadh, and a set of other investments in the sector’s infrastructure; With the aim of achieving the Kingdom’s 2030 vision and the national aviation strategy targets by multiplying the number of passengers to reach 330 million passengers annually, increase the Kingdom’s air linking by more than 250 destinations around the world, and increasing the capacity of air freight to 4.5 million tons annually.

Global Aviation Industry

At the conclusion of his speech, the Executive Vice President of Strategy and Business Intelligence called on investors and representatives of the United Kingdom to cooperate and develop partnerships and advance economic growth, and explore new horizons that contribute to achieving a better future for the global aviation industry as a whole.
After that, the members of the delegation made a presentation on the civil aviation system that included an overview of the airports sector strategies and its most prominent achievements, and on air transport and international cooperation and its role in promoting air linking to reach 250 destinations, enabling the use of technology and digital transformation, in addition to a brief summary of the Saudi airports sector It includes the implementation mechanism, the size of investments and business opportunities-as well as highlighting investment in the Saudi aviation sector and empowerment factors and incentives.

Forum supply for civil aviation

The delegation also participated in the supply forum for civil aviation, where a number of meetings and meetings were held with the representatives of the United Kingdom from the United Kingdom from the British Aviation Group and representatives of the British Air Navigation Company, the British Civil Aviation Authority and a number of leading companies globally, in the presence of government representatives from the British embassy to the Kingdom, During which the available investment opportunities were discussed in the field of civil aviation and airport development.
It is noteworthy that the visit comes within the framework of expanding international cooperation and exchanging knowledge and experiences in the civil aviation industry, in a way that contributes to achieving the Kingdom’s 2030 vision in enhancing its position as a global airline and air transport center, and opening doors for investors from all over the world as well as strengthening economic and investment ties between the Kingdom The United States, and highlighting the Kingdom’s initiatives to advance the sector; In order to find more travel options, develop qualitative investments for entrepreneurial companies and enable the private sector to benefit from opportunities in both countries.