Saudi Airport Exhibition to host its second edition in November 2023

Saudi Airport Exhibition to host its second edition in November 2023

Saudi Arabia - The Saudi Airport Exhibition 2023 (SAE), in which over 200 exhibitors will showcase their impressive products, is seen helping KSA achieve its airport expansion plans.

The kingdom has unveiled plans to open up and expand the airport industry to serve 330 million travellers by 2030 through $147 billion investments that will support $82.3 billion of GDP by 2037.

The focus on the kingdom comes even as the global airport operations market’s revenues are reaching $191.6 billion. Historically, air transport has doubled in size every 15 years and has grown faster than most other industries.

Global passengers

According to Airports Council International (ACI), global passenger numbers grew by almost 30% to 2.3 billion in 2021. The Flights segment in the Kingdom is projected to grow by 38.78% (2022-2026) resulting in a market volume of $9.99 billion in 2026.

The aviation sector by 2030 will deliver $75 billion to the Gross Domestic Product (GDP) of the world’s 13th largest country by size and the second largest in the Arab world with a population of over 36 million, about 65% of them below the age of 35. The kingdom’s civil aviation authorities and airport management are looking at ideas and partnerships to benefit in the