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12.04.24 18:31

Economy

Saudi Arabian capital to host Future Aviation Forum

The event will bring together top managers and other industry experts

More than 5,000 global aviation industry experts, heads of international airlines and airport managers will gather in Riyadh from 20 to 22 May for a specialised event, as reported Arab News.

The Future Aviation Forum will discuss issues related to air transport and the environment in civil aviation. Specialists and experts will analyse all aspects of creating advanced air transport.

The event is organised by the Kingdom's General Directorate of Civil Aviation. Saudi Arabia aims to become a leader in the aviation industry and attract investments worth US$100 billion by 2030.

The Future Aviation Forum was first held in 2022. At that time, it was attended by representatives from 60 countries, which contributed to the signing of 52 agreements worth US$2,7 billion and 116 bilateral meetings.

The Riyadh Aviation Declaration was also adopted during the forum. It outlines six principles to help the industry move towards innovation and sustainable development by promoting global co-operation and identifying customer needs.

The signatories pledged to improve services and internal regulations, invest in innovation, as well as develop human capital and implement sustainable development projects

Photo: iStock

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Nitin Gadkari

India's Union Minister for Road Transport and Highways

"Our resolution has just been passed. It is very important as far as the BRICS countries are concerned, which cover 40 per cent of the world's population. We are committed to the futuristic development of the transport sector, to create cooperation, coordination and communication between the stakeholders. This resolution indicates a lot of new technology and innovation in the transport sector. It covers the road sector, railways, aviation and water transport"

Prabowo Subianto

President of Indonesia

"This roadmap sets the framework for our joint efforts. Indonesia and Belarus have great potential for expanding cooperation in various fields. Our cooperation will focus on industrial development and agricultural modernisation. In industry, we see a major opportunity to increase trade volumes, investment, and cooperation between our two countries. We are also pushing for closer collaboration in culture and human resource development"

Liao Fan

Director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences (CASS)

"We also encourage countries of the Global South to work together and contribute to the global economy. We also call on developed countries to set aside issues such as national security and strategic competition when we are discussing real global challenges – pressing issues such as public health or poverty reduction – so that development resources can be channelled truly effectively to those countries that need them. [...] Major powers and large countries must bear greater responsibility for the well-being of people around the world. This is the responsibility of the major powers"

Anutin Charnvirakul

Prime Minister of Thailand

"Russia has been a trusted friend of Thailand for over a century. […] Next year, we will mark the 130th anniversary of the establishment of diplomatic relations between our countries. We will commemorate this important milestone with high-level exchanges, thereby reaffirming our shared commitment to an even stronger partnership for the benefit of our peoples"

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