Saudi Arabia to Unveil $2B General Aviation Plan
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The General Authority of Civil Aviation of Saudi Arabia is set to unveil a General Aviation roadmap at the 2024 Future Aviation Forum (FAF 2024) in May, to increase the GDP of the general aviation sector tenfold to $2 billion by 2030.
The roadmap covers the business jet segment, including charter, private, and corporate jets, and will support Saudi Arabia’s development as a global high-value business and tourist destination. In October 2023, Saudi Arabia revised its 2030 tourism target upwards from 100 to 150 million visitors by 2030.
His Excellency the President of GACA, Abdulaziz-Al Duailej, said: “General aviation is vital to growing high-value sectors of the Saudi economy, including tourism, business and entertainment events. The General Aviation roadmap will turbocharge the sector within the Kingdom, transforming infrastructure and regulations, simultaneously developing, promoting and enhancing general aviation services in the market.”
The roadmap will support private aviation aircraft owners, lessors, investors, operators and service providers through coordinated infrastructure investment and regulatory streamlining. The announcement follows GACA’s removal of ‘empty-leg restrictions’ and simplification of economic license requirements for operators and investors in October 2023, to boost the general aviation sector.
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