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 * Saudi Arabia Targets $100bn Investment In Aviation Sector


SAUDI ARABIA TARGETS $100BN INVESTMENT IN AVIATION SECTOR

By Charlotte Seet
Published 5 hours ago
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The Kingdom plans to host at least 300 million passengers, and 5 million tons of
freight by 2030.

Photo: Getty Images

 * SAUDIA
   
   IATA/ICAO Code: SV/SVA
   Airline Type: Full Service Carrier
   Hub(s): Dammam Airport, Jeddah Airport, Riyadh Airport
   Year Founded: 1945
   Alliance: SkyTeam
   CEO: Ibrahim Alkoshy
   Country: Saudi Arabia

Even for oil-rich countries such as the Kingdom of Saudi Arabia, the
significance of air transport is still vital for socio-economic growth.
Recognizing its vast importance and in an effort to divert from oil, the Kingdom
has laid out a unique transformative socio-economic reform blueprint known as
Vision 2030. Part of the blueprint includes a commitment to invest $100 billion
into its aviation sector by 2030.


WHAT'S BEING INVESTED?


AIR TRAFFIC MANAGEMENT

The $100 billion investment is expected to come through a combination of private
and public funding and will be used to upgrade the Kingdom's air traffic
infrastructure. Currently, air traffic services within the Kingdom's airspace
are provided across more than 25 existing airports by the Saudi Air Navigation
Services (SANS). With a big airspace, the Kingdom is looking to join the global
air traffic management movement by incorporating modern technologies.

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This is why an upgrade includes SANS' partnership with Indra to introduce the
Middle East's first virtual air traffic control tower, which will remotely
manage arrivals and departures on the runways of Al Ula International Airport.
Javier Ruano, Indra’s Director of Air Traffic Management Operations, emphasized:

> "We’re redoubling our efforts to make the Saudi service provider one of the
> world leaders in air traffic management and equip the country with the most
> advanced infrastructure. Indra and SANS have again demonstrated their
> commitment to ongoing innovation and incorporating the next-generation digital
> technologies that will shape the sector's future."




NEW NATIONAL CARRIER

Part of the $100 billion investment will also go into launching a new national
carrier, though not as a direct competition to the Kingdom's current national
carrier, Saudia. While Saudia is based in Jeddah, the gateway for religion, the
new airline is planned to operate out of King Khalid International Airport in
Riyadh, the business hub of the Kingdom.



This means two different products, both of which still represent Saudi Arabia as
it implements a dual-hub strategy. To ensure that both national carriers will
rank highly among the world's best airlines, the investment will also go into
upgrading all facilities and infrastructure within the airports in Jeddah and
Riyadh to make them the leading hubs within the Middle East.

It remains unclear when the new national carrier will be unveiled, though the
wait could soon be over. During the Farnborough International Airshow this year,
Mohammed Alkhuraisi, Vice President of strategy and business intelligence at
Saudi Arabia's General Authority of Civil Aviation, confirmed this by saying:



> "The final touches are being made to plans to unveil the carrier. I know it's
> going to fly very soon."

Saudia has been the Kingdom's national carrier since it was established in
September 1945 as Saudi Arabian Airlines. Photo:  Md Shaifuzzaman Ayon via
Wikimedia Commons


NEW AIRSPACE ENTRANTS

Last year, German-based Volocopter partnered with Saudi Arabia to develop
electric vertical takeoff and landing (eVTOL) flight operations for a planned
smart city known as Neom. With the first phase scheduled for completion by 2025,
Neom will be located on the Red Sea in the northwestern corner of Saudi Arabia
and is set to be an utterly emission-free city focused on sustainability.
However, this idea cannot rely solely on eVTOLs.

Thus, the final aspect of the significant investment includes the Kingdom's
attempt to provide a better path for new airspace entrants such as unmanned
vehicles like drones and more electric aircraft. The Kingdom is looking to
invest more into sustainable aviation, such as the possibility of
hydrogen-electric powered Cessna Caravan seaplanes to shuttle passengers across
Saudi Arabia.






WHAT WOULD THE KINGDOM'S AVIATION LOOK LIKE DOWN THE ROAD?

With the $100 billion investment and as Vision 2030 progresses, the Kingdom will
likely emerge as the Middle East's leading aviation hub within the next 10
years, possibly overtaking the current leaders such as the United Arab Emirates
(UAE) and Qatar. The launch of the new national carrier should make it to
becoming one of the world's leading, as planned out within the informative
blueprint, and Saudia would prosper alongside the rest of the Kingdom's other
carriers.

And as its aviation industry becomes more of the centerpiece of its economy over
oil, the Kingdom expects its airlines to collectively carry more than 330
million passengers and at least 5 million tons of freight by 2030. This would
mean the airlines would have to establish connections to more than 250
destinations worldwide. Still, the Kingdom's Minister of Transport, Saleh
Al-Jasser, is confident of such an achievement.



Besides having opened its airspace to all international flights last month, the
Kingdom has also been offering the incentivized prospect for airlines to open
unpopular routes, amongst other initiatives as emphasized by Al-Jasser:

> "Recently, we have reduced airport charges for all airlines coming to the
> Kingdom by between 10 and 35%. We've also approved hundreds of aircraft orders
> and started opening new routes to many countries and nations worldwide."

Stay informed: Sign up for our daily and weekly aviation news digests.




HOW WOULD THE SIGNIFICANCE OF THE KINGDOM'S AVIATION INDUSTRY CHANGE?

Prior to the pandemic and before Vision 2030 was established in 2016, the
aviation industry contributed to approximately 5.6% of the Kingdom's Gross
Domestic Product (GDP), which was valued at an estimated $36.5 billion as it
provided slightly over 590,000 jobs. Amongst the top five international flight
arrivals, India and Pakistan were the only non-Middle Eastern countries, with
the remaining four including the UAE, Egypt, and Turkey.

The Middle East was the biggest market for passenger flows inbound and outbound
from Saudi Arabia, with approximately 26.7 million passengers representing about
60.3% of the total. In stark contrast, Asia-Pacific followed quite far behind
with only 9.8 million passengers, representing about 22.2%, and only about 5
million passengers came from Africa, representing 11.3%.


Most of the flights come from Saudia, which has the most extensive domestic
route network within the Kingdom. Photo:  Anna Zvereva via Wikimedia Commons

With investments being injected into Vision 2030 and as opportunities are
created, the Kingdom's aviation industry could open up as many as 1.2 million
jobs across multiple sectors. The employment increase would then allow the
Kingdom's aviation industry to contribute at least $80 million to GDP. The
revamped aviation industry could also see Saudi Arabia having more passengers
arriving in more significant numbers from other regions such as North and South
America, Europe, and Oceania.

Source: Arab News


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Related Topics
 * Analysis
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About The Author
Charlotte Seet (217 Articles Published)


Journalist - Charlotte is currently pursuing a full-time undergraduate degree
majoring in Aviation Business Administration and minoring in Air Traffic
Management. Charlotte previously wrote for AirlineGeeks. Based in Singapore.

More From Charlotte Seet


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