Matt Byrd

Future Aviation Forum unveils 102 agreements worth SAR75 Billion on day 2 The second day of the Future Aviation Forum 2024 witnessed the signing of 102 memoranda of understanding (MoUs), agreements, and deals, with a total value exceeding SAR75 billion. Held under the patronage of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud, organized by the General Authority of Civil Aviation (GACA) in Riyadh. The forum exceeded expectations, as the agreements encompassed various sectors of civil aviation, such as aviation services, aircraft purchase orders, cargo and logistics services, advanced air mobility, human resources development, information technology, maintenance, repair, and overhaul. 👉Read the full article here: https://lnkd.in/g2FQUpFA

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The General Authority of Civil Aviation (GACA) in Saudi Arabia intends to introduce the General Aviation Roadmap at the upcoming Future Aviation Forum 2024. The objective of the roadmap is to significantly increase the general aviation sector’s contribution to the GDP. It aims for a tenfold growth, reaching $2 billion by 2030. The roadmap encompasses the business aircraft sector, including private charter flights and corporate aviation, and aims to support aircraft owners, investors, operators, and service providers. Read more: https://lnkd.in/dxjr4dgJ GACA - General Authority of Civil Aviation - Saudi Arabia #SaudiArabia #Aviation #Airports #Airplanes #Travel #SaudiVision2030

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Mubadala Investment Company PJSC (Mubadala), an Abu Dhabi sovereign investor, and Safran, a French multinational aerospace and defense corporation, are joining forces to accelerate aerospace innovation and development within the UAE. Announced at the Abu Dhabi Air Expo which took place on 19-21 November, this enhanced strategic framework agreement focuses on key areas of Maintenance, Manufacturing, Human Capital Development, Advanced Material and Space. This expanded collaboration leverages Mubadala’s established aerospace assets, including Strata Manufacturing and Sanad, and integrates Safran’s expertise to reshape the aerospace landscape. The partnership will significantly expand Sanad’s capabilities and open doors to new partnerships across Safran’s diverse aerospace portfolio. https://lnkd.in/dkHXB_pr

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SAMI - Saudi Arabia’s Military Industries Pioneer (8 of 10) PIF’s SAMI: Revolutionizing Saudi Arabia’s Defense Industry The Saudi Arabian Military Industries (SAMI), founded by PIF, is revolutionizing the Kingdom’s defense sector by focusing on localization, innovation, and strategic partnerships. As part of Vision 2030, SAMI aims to localize 50% of Saudi Arabia’s military spending by 2030, reducing dependency on foreign imports and fostering a robust domestic defense industry. SAMI is not only about building military capabilities but also about creating high-skilled jobs, driving technological innovation, and boosting economic growth. 🚀 Strategic Partnerships and Innovation SAMI has established critical partnerships with global defense giants such as Lockheed Martin, Raytheon, and BAE Systems, ensuring the transfer of knowledge and technology to Saudi Arabia. These collaborations are key to developing a self-sufficient defense industry that can meet both national and regional security needs. SAMI is also investing in research and development to ensure that Saudi Arabia remains at the forefront of military technology and innovation. 📊 Economic Impact SAMI is more than just a defense company; it is a catalyst for economic diversification. By localizing military production, SAMI is creating thousands of high-skilled jobs, developing a skilled workforce, and fostering the growth of SMEs in the defense supply chain. This contributes to broader economic stability and aligns with PIF’s mission to drive sustainable growth across all sectors of the economy. 🌍 Regional Leadership With SAMI’s advancements, Saudi Arabia is positioning itself as a leader in the Middle East’s defense sector. The development of advanced military systems, including aerospace, ground systems, and defense electronics, not only strengthens the Kingdom’s defense capabilities but also enhances its geopolitical influence. SAMI’s success is a testament to PIF’s vision of transforming Saudi Arabia into a regional and global powerhouse in key strategic industries. 🎯 Key Achievements 1. PIF-backed SAMI targets 50% localization of military spending by 2030. 2. Strategic partnerships with global defense leaders. 3. Creation of high-skilled jobs and development of local SMEs. 4. Positioning Saudi Arabia as a regional leader in defense innovation. I am proud to have in my career journey SAMI-AEC as one of my lovely career stations 🔗 This post is part of a series. Visit my LinkedIn profile to explore more about PIF's strategy and impact.

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Saudi airline Riyadh Air | طيران الرياض and American carrier Delta Air Lines have signed a memorandum of understanding to enhance route options for travelers between North America, #SaudiArabia, and beyond. The agreement, pending regulatory approval, sets the stage for a comprehensive partnership including codeshare and interline connectivity, loyalty programs, and expanded aviation services. #Aviation #Partnership #TravelIndustry

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During the first four months of 2024, Oman’s airports witnessed a surge in traffic with both passenger traffic and flight numbers rising substantially. The latest data from the National Center for Statistics and Information (NCSI) reveals that over 4.9 million passengers traveled through Oman’s airports, a 16.4% annual increase. The total number of flights also saw an increase to 36,000 from 32,000 during the same period last year. That is a 12.3% growth. Read more: https://lnkd.in/drTpYfuj #Oman #Airport #OmanTravel #OmanAirports

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A very insightful session on the topic of attracting new buyers to new aircraft. Salma Abu Ziada, Embraer and Nilesh Pattanayak, Bombardier talked through the challenges and opportunities for securing new aircraft for new buyers. #CJIDubai

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𝐆𝐀𝐂𝐀 𝐜𝐨𝐧𝐜𝐥𝐮𝐝𝐞𝐬 𝐬𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐩𝐚𝐫𝐭𝐢𝐜𝐢𝐩𝐚𝐭𝐢𝐨𝐧 𝐚𝐭 𝐁𝐚𝐡𝐫𝐚𝐢𝐧 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐀𝐢𝐫𝐬𝐡𝐨𝐰 𝟐𝟎𝟐𝟒, 𝐬𝐡𝐨𝐰𝐜𝐚𝐬𝐢𝐧𝐠 𝐒𝐚𝐮𝐝𝐢 𝐚𝐯𝐢𝐚𝐭𝐢𝐨𝐧 𝐚𝐝𝐯𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭𝐬. The GACA - General Authority of Civil Aviation - Saudi Arabia showcased Saudi Arabia’s aviation advancements, including connectivity goals, sustainability initiatives, and innovation milestones, at the Bahrain International Airshow 2024, reaffirming the Kingdom’s leadership in the global aviation sector. #GACA #BahrainAirshow #AviationLeadership #SaudiVision2030 #AirConnectivity #Sustainability #Innovation #ArabTimes #ArabTimesNewspaper #ArabTimesNews

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Saudi Arabia’s General Authority for Civil Aviation is under mounting pressure to reform the country's business aviation market to enable growth. #MEBAAShow

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The GACA - General Authority of Civil Aviation - Saudi Arabia has confirmed that the aviation sector plays a vital role in supporting economic growth in Saudi Arabia. It achieves the goals of the Kingdom's Vision 2030, according to the statistics included in the first edition of the report on the state of the aviation sector in the Kingdom. The report will be launched during the Future Aviation Forum 2024, which is held under the patronage of the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and organized by the General Authority of Civil Aviation from May 20 to 22, 2024. The forum will be under the theme "Enhancing the Level of Global Connectivity. The report reveals that the civil aviation sector contributed $53 billion to the Kingdom's economy, including $20.8 billion through aviation activities and $32.2 billion in the tourism sector, providing 241,000 jobs in the civil aviation sector and about 717,000 other jobs in the tourism sector. The report also addresses the significant transformations taking place in the aviation sector in the Kingdom of Saudi Arabia. The Kingdom exceeded the global average growth during 2023, achieving a growth in international seat capacity of 123% compared to what it was before the COVID-19 pandemic, while the average global and regional recovery rates are 90% and 95%, respectively. The annual growth rate in passenger numbers reached 26%, with a total of about 112 million passengers last year. Saudi Minister of Transport and Logistics Services and Chairman of the Board of Directors of GACA Eng. Saleh Al-Jasser said that the Saudi aviation sector is witnessing major leaps according to international indicators and a constant transformation in support of the Kingdom's Vision 2030. It is also in line with the National Transport and Logistics Strategy (NTLS) and provides unprecedented opportunities in the air transport sector. Al-Jasser noted the great support the transport and logistics system receives from the Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, and His Royal Highness Prince Mohammed bin Salman bin Abdulaziz Al Saud, Crown Prince and Prime Minister of the Kingdom of Saudi Arabia. https://lnkd.in/dfd8v5ih #events #futureaviation #civilaviation #economicgrowth #aviationindustry

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The Middle East business aviation sector is not only about luxury and comfort but is now at the forefront of environmental sustainability. Following the COP28 conference, the UAE has committed over $840 million in renewable energy investments, demonstrating a serious intent to decarbonize the aviation industry. Mohammed Al Husary of UAS International Trip Support highlights the region's active interest in sustainable aviation fuels (SAF) and carbon offsetting programs. With significant investments and a focus on developing airport infrastructure, including the expansion of Al Maktoum International Airport, the region is set to become a global leader in eco-friendly aviation. UAS is also investing heavily in its ground network across multiple continents to enhance service standards and support its international clientele. Join us in celebrating these green initiatives that promise a sustainable future for aviation! 🌱✈️ #Aviation #SustainableAviation #MiddleEastAviation #GreenTravel #EcoFriendly #AviationNews #BusinessAviation #SAF #UAS #COP28 #RenewableEnergy #DubaiAviation #AircraftMaintenance #AviationIndustry #GlobalTravel

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Success of the World Defense Show in Saudi Arabia: Achievements and Future Outlook The World Defense Show, organized by the General Authority for Military Industries (GAMI) in #SaudiArabia, has announced that 50% of the exhibition space for its third edition in 2026 has already been booked. 🔅 The show saw significant international interest following the success of its second edition in 2024, ✔️ where deals worth SAR 26 billion ($ 6.9 billion) were signed. ✔️ This milestone was achieved with the participation of 773 exhibitors. ✔️ from 76 countries. ✔️ attracted over 106,000 visitors. highlighting the increasing importance of the show as a global platform for cooperation and innovation in the defense and security sectors. 🔅 Andrew P., CEO of the World Defense Show, stated that the upcoming edition will see an increase in the number of official delegations, exhibitors, and visitors, as well as an expanded lineup of speakers and participants in panel discussions and presentations. Pearcey noted, "We aim to make Saudi Arabia known for innovation and technology," emphasizing the show's goal to become one of the best defense exhibitions globally. 🔅 Pearcey also affirmed that the World Defense Show is dedicated to supporting the global defense and security industry, serving as a gateway for partnership and collaboration with Saudi Arabia's defense sector. The event is designed to bring together high-level delegations from around the world with the defense and security industry audience in an exclusive setting. #WorldDefenseShow #MilitaryIndustries #SaudiArabia #Defense #Security #Partnership #Collaboration

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MUSCAT: The Civil Aviation Authority (CAA) marked a significant milestone in Oman’s aviation sector with the commencement of commercial operations on the new southern runway on Thursday at Muscat International Airport. The upgrade aligns with the International Civil Aviation Organisation (ICAO) regulations, promising to bolster international air traffic and elevate the airport’s operational standards. The southern runway, extending 4 kilometres in length and 45 metres in width, is designed to accommodate all types of aircraft, including the Airbus A380. Read more: https://lnkd.in/dVZka9qB Civil Aviation Authority - Oman Oman Airports Management Company Ministry of Transport, Communications and Information Technology - Oman Aimen Alhosni #MuscatInternationalAirport #SouthernRunway #Airport #Travel #AirTravel #GlobalConnectivity #Logistics #Oman #OmanBiz

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The Air France-KLM Group and SAUDI AIRLINES signed a strategic memorandum of understanding (MoU) that lays the foundation for a strengthened cooperation in the fields of passenger transport and aircraft maintenance. Details: https://lnkd.in/dR9sdeaH

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Saudi Arabia will hold the Third Future Aviation Forum from May 20-22 to unveil USD 100 billion in aviation #investment potential. Airport development in Saudi Arabia receives around USD 50 billion in targeted investments. The Saudi Press Agency (SPA) stated Thursday that airlines will order almost USD 40 billion in new aircraft. The remaining USD 10 billion would be allocated to aviation projects, including USD 5 billion for special logistics zones at Riyadh, Jeddah, and Dammam airports. The #investment push supports Saudi Vision 2030's objective of becoming a Middle Eastern logistics powerhouse and the National Aviation Strategy. The Third Future Aviation Forum in Riyadh is under the patronage of King Faisal Bin Salman Bin Abdulaziz Al Saud and is titled "Elevating Global Connectivity". It will highlight airport, airline, ground services, air freight, and logistics investment prospects. It attracts about 5,000 aviation specialists, airline executives, authority officials, manufacturers, and airport leaders from 100 countries. Advanced air mobility, aviation safety and security, sustainable fuels, digitization and AI in aviation, logistics, global partnerships, and innovation will be discussed. #Transport and Logistic Services Minister Eng. Saleh Al-Jasser emphasised aviation investment prospects in the Kingdom. Through 2030, the National Aviation Strategy aspires to enhance #passenger traffic and connect the Kingdom to over 250 destinations. The initiative aims to ship 4.5 million tonnes of freight annually. Al-Jasser noted Saudi Arabia's location at the crossroads of three continents. He said this helps the country become a #logistical superpower. The Future Aviation Forum builds on this advantage, supporting the civil-aviation sector strategy's goal of making the Kingdom a leading and integrated global logistics hub, as envisioned by the National Transport and Logistics #Strategy. Aviation vendors will learn about Riyadh Air, Saudia Airlines, flynas, and flyadeal's expansion plans.  To share your startup story write us on - [email protected] #Aviation #RiyadhAir #Logistics #Investment #Airline

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