Saudi Arabia at the Singapore Aviation Summit: Attracting investments and boosting air transport
His Excellency the Minister of Transport and Logistics, Engineer Saleh bin Nasser Al-Jasser, headed the delegation of the Kingdom of Saudi Arabia participating in the Changi Aviation Summit and the Singapore Airshow, with the aim of learning about the latest technologies and innovative solutions offered in the field of air transport, and discussing ways to enhance international cooperation in this vital sector.
The importance of participating in the Singapore Summit
The Kingdom's participation in this prominent global event comes at a time when the Saudi aviation and air transport sector is undergoing radical transformations and rapid developments. The Changi Air Summit and Singapore Airshow is a leading international platform that brings together top decision-makers and CEOs of global airlines, providing an ideal opportunity for the Kingdom to showcase the promising investment opportunities within the Saudi logistics sector to the international community.
Strengthening strategic partnerships
During his visit, His Excellency Engineer Saleh Al-Jasser will meet with a number of government officials, business leaders, and international investors to discuss strengthening cooperation and joint ventures in the transportation and logistics sector. These meetings aim to build strategic partnerships that contribute to knowledge transfer and the localization of modern technologies in the Kingdom, serving the aspirations of the wise leadership in developing the transportation sector's infrastructure.
National Transport Strategy Objectives
This participation primarily aims to achieve the objectives of the National Transport and Logistics Strategy launched by His Royal Highness the Crown Prince, which seeks to solidify the Kingdom's position as a global logistics hub connecting three continents. The strategy aims to increase the capacity of Saudi airports to more than 330 million passengers annually by 2030, expand air destinations to over 250 international locations, and launch a new national carrier to enhance the Kingdom's global competitiveness.
Attracting investments and modern technologies
During its visit to Singapore, the Saudi delegation is focusing on attracting high-quality investments that add value to the national economy, particularly in the areas of air freight and smart logistics. The delegation is also showcasing the significant advancements the Kingdom has made in its legislative and regulatory environment for the sector, which have transformed the Saudi market into an attractive destination for foreign capital, thus contributing to sustainable economic development and diversification of income sources in line with the Kingdom's Vision 2030.
