Future Aviation Forum 2024 attracts historic investments within 2 days

Future Aviation Forum 2024 attracts historic investments within 2 days

Riyadh – Mubasher: The third edition of the Future Aviation Forum has witnessed the signing of several agreements on the first two days of the event, which had nearly 5,000 delegates from over 100 countries to elevate global connectivity.

On top of the big announcements made at the forum was the $19 billion worth of the Saudia Airlines agreement to purchase aircraft in a deal considered the largest in Saudi Arabia’s aviation history.

Meanwhile, the second day of the forum, which launched in the Saudi capital on 20 May 2024, witnessed the signing of 102 memoranda of understanding (MoUs), agreements, and deals at a value surpassing SAR 75 billion, according to the Saudi Press Agency (SPA).

During his opening speech, Saleh bin Nasser Al Jasser, Saudi Minister of Transport and Logistics, said: "Saudi Arabia is undertaking the most significant aviation industry reform of the 21st century, bringing huge opportunities for the private sector and creating thousands of jobs for Saudi Arabia’s people.”

Future Aviation Forum 2024 is organised by the General Authority of Civil Aviation (GACA), which launched two ground-breaking reports on the role aviation plays in the economic development of Saudi Arabia. The kingdom’s aviation sector made $53 billion contribution to the national