KSA AVAITION INDUSTRY IS THE NEW DEAL

According to a Boeing official, Saudi Arabia, which is launching a plan to grow its aviation industry, has the potential to become a major force in the Middle Eastern aviation market, competing with regional powerhouses Qatar and the UAE.

Randy Heisey, Boeing’s managing director of commercial marketing for the Middle East, Africa, Russia, and Central Asia areas, told reporters in Dubai on Monday that there are many dreams in the kingdom of Saudi Arabia right now.

“They might play a significant role in the growth here if they can carry out the Vision 2030,”

When asked if Boeing was in talks with a potential Saudi Arabian carrier about placing an order for aircraft, he directed the inquiry to the airline for more information on its business strategy.

“We look forward to continuing negotiations with other airlines in the region,” he said. “We are keen to win all good business, including that organization. I can tell you that our goal is to show all airlines, including new ones, the benefits and adaptability of Boeing products.”

According to the Saudi Aviation Strategy, the annual passenger volume will triple to 330 million by 2030, there will be 250 destinations instead of the current 99, and a new flag carrier will be established. Government and business sector investments totaling $100 billion support this plan.

The development of the air transportation industry in Saudi Arabia is being pushed as part of the country’s Vision 2030 ambition to diversify its economy away from oil.

He said, “We look forward to continuing discussions with other airlines in the area. We want to win every good business, including that organization. I can tell you that our intention is to demonstrate the advantages and adaptability of Boeing products to all airlines, even new ones.”

According to the Saudi Aviation Strategy, there will be 250 destinations instead of the existing 99 by 2030, a new flag carrier will be launched, and the annual passenger volume would have tripled to 330 million. This plan is supported by investments from the public and private sectors totaling $100 billion.

As part of the country’s Vision 2030 goal to diversify its economy away from oil, Saudi Arabia is pushing for the growth of the aviation sector.

By 2041, more than two-thirds of these jet deliveries will be utilized to expand the aviation industry, while the remaining third will be used to replace older aircraft with more fuel-efficient versions like the Boeing 737 Max, 787 Dreamliner, and 777X.

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