Future Aviation Forum: Industry leaders laud Saudi Arabia’s new air travel policy 

Saudi's policy initiative has impressed industry experts and leaders attending the event.
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Updated 11 May 2022
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Future Aviation Forum: Industry leaders laud Saudi Arabia’s new air travel policy 

RIYADH: Saudi Arabia’s newly developed international travel policy has received positive responses from the industry, with key aviation leaders calling it a crucial step at a time when the sector is recovering from the pandemic. 

Aimed at smoothing the process of international air travel, the Harmonizing Air Travel policy, which was developed in cooperation with the UN’s International Civil Aviation Organization, will be officially presented at the 41st ICAO General Assembly later in 2022 for approval from member states. 

Announced during the Future Aviation Forum in Riyadh, the policy initiative has impressed industry experts and leaders attending the event. 

A platform for swift communication between countries

Jean-Marc Bourreau, a partner at Consulum Aviation, told Arab News that the new policy will propose solutions to the current crisis, and will fuel Saudi’s Vision 2030.  




Jean-Marc Bourreau, partner at Consulum Aviation spoke to Arab News on the sidelines of the Future Aviation Forum. 

“The policy is about the harmonization of air travel, which means that instead of thinking of each country, communicating on its own regarding health requirements for travel, let’s put together a platform that will allow the swift communication between all countries regarding what the requirements are,” he said. 

Bourreau added, “If I am coming from country A, I have the nationality of country C, I am traveling from country D to country E, and the system will tell you what regulation you need to be complying with. And this will be the reference. You will not have to go again to a large number of websites or platforms or information, because everything will be there.” 

Stabilizing international air travel post-pandemic

Abdul Wahad Teffaha, secretary-general of the Arab Air Carriers Organization, also lauded Saudi Arabia’s new policy to ease and harmonize air travel requirements in the post-pandemic era. 




Abdul Wahad Teffaha, secretary-general of the Arab Air Carriers Organization, lauded Saudi Arabia’s new policy.

“It’s an excellent initiative and kudos to Saudi Arabia for bringing this to the International Civil Aviation Organization,” he told Arab News.

Meanwhile, the European Commission also expressed its hopes to strengthen aviation ties with Saudi Arabia. 

“We initiated the comprehensive air transport agreement with Oman. And I hope that next would be perhaps Saudi Arabia because that will be something that will be driving this vision," said Henrik Hololei, director general at the commission’s department for mobility and transport, while interacting with Arab News at the ongoing Future Aviation Forum. 




Henrik Hololei, director general at the commission’s department for mobility and transport, interacted with Arab News at the ongoing Future Aviation Forum.

“Europe will be an extremely important market for Saudi Arabia and aviation in the future,” he added.

A much-needed step from Saudi Arabian government

During the event, Mohamed Yousif Al Binfalah, CEO of Bahrain Airport Co. also spoke to Arab News in an exlusive interview, and he called the proposed new civil aviation policy a much-needed step to overcome future challenges.

“While most of the restrictions have been lifted across the world, I think there is a unique opportunity for the air transport community to learn from the lessons that we have experienced throughout the pandemic, and try to come up with harmonized plans and protocols to respond to the next crisis,” Binfalah said.

He added: “The sector is on the right track for full recovery, but there are a few challenges, one of them is the harmonization of protocols.”

 


Closing Bell: Saudi main index closes higher at 10,596 

Updated 23 December 2025
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Closing Bell: Saudi main index closes higher at 10,596 

RIYADH: Saudi equities closed higher on Tuesday, with the Tadawul All Share Index rising 43.59 points, or 0.41 percent, to finish at 10,595.85, supported by broad-based buying and strength in select mid-cap stocks. 

Market breadth was firmly positive, with 170 stocks advancing against 90 decliners, while trading activity saw 161.96 million shares change hands, generating a total value of SR3.39 billion. 

Meanwhile, the MT30 Index closed higher, gaining 6.52 points, or 0.47 percent, to 1,399.11, while the Nomu Parallel Market Index edged marginally lower, slipping 3.33 points, or 0.01 percent, to 23,267.77. 

Among the session’s top gainers, Al Masar Al Shamil Education Co. surged 9.99 percent to close at SR26.20, while Saudi Cable Co. jumped 9.98 percent to SR147.70.  
Cherry Trading Co. rose 4.18 percent to SR25.44, and United Carton Industries Co. advanced 4.09 percent to SR26.46. 

Al Yamamah Steel Industries Co. also posted solid gains, climbing 4.07 percent to end at SR32.70.  

On the downside, Emaar The Economic City led losses, slipping 3.55 percent to SR10.32, followed by Derayah REIT Fund, which fell 2.92 percent to SR5.31. 

Derayah Financial Co. declined 2.13 percent to SR26.62, while United International Holding Co. retreated 1.96 percent to SR155.20, and Gulf Union Alahlia Cooperative Insurance Co. eased 1.92 percent to SR10.70.  

On the announcements front, Red Sea International Co. said it signed a SR202.8 million contract with Webuild S.P.A. to provide integrated facilities management services for the Trojena project at Neom. 

The agreement covers operations and maintenance for the project’s Main Camp and Spike Camp, including accommodation and housekeeping, catering, security, IT and communications, utilities, waste management, fire safety and emergency response, as well as other supporting services.  

The contract runs for two years, with the financial impact expected to begin in the first quarter of 2026. Shares of Red Sea International closed up 0.99 percent at SR34.74. 

Al Moammar Information Systems Co. disclosed that it received an award notification from Humain to design and build a data center dedicated to artificial intelligence technologies, with a total value exceeding 155 percent of the company’s 2024 revenue, inclusive of VAT. 

The contract is expected to be formally signed in February 2026, underscoring the scale of the project and its potential impact on the company’s future revenues.  

MIS shares ended the session 2.82 percent higher at SR156.70, reflecting positive investor sentiment following the announcement.