Global air transport event kicks off in Riyadh

Representatives from over 100 countries and multinational organizations will assemble in Riyadh for the 15th International Conference on Air Services Negotiation. SPA
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Updated 03 December 2023
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Global air transport event kicks off in Riyadh

RIYADH: Representatives from over 100 countries and multinational organizations will assemble in Riyadh for the 15th International Conference on Air Services Negotiations, focusing on enhancing aviation for improved global transport. 

Beginning Dec. 3, the five-day event will attract over 700 civil aviation experts and specialists.   

The ICAN2023 Conference, recognized as the foremost international event in its category, is dedicated to aligning with the swift advancements in the global air transport industry, as reported by the Saudi Press Agency.   

Negotiations and discussions between delegations from different nations are set to take place on both bilateral and multilateral fronts. Moreover, the participants are expected to actively support the establishment of connections between regulatory bodies, air operators, and other relevant service providers.  

The conference will also see the presence of Saudi Arabia’s Minister of Transport and Logistics Saleh bin Nasser Al-Jasser and Saudi General Authority of Civil Aviation President Abdulaziz bin Abdullah Al-Duailej. 

Ibtisam Al-Shehri, spokesperson for the GACA, mentioned to state TV Al-Ekhbariya that the Kingdom is hosting ICAN for the second time. She added that this edition is the largest yet, with five ministers and 34 heads of global aviation authorities participating in the event.   

The conference, coinciding with World Civil Aviation Day on its last day, will also highlight investment opportunities available in the Kingdom through the country’s National Aviation Strategy. The strategy aims to enhance the capabilities of the Kingdom’s civil aviation sector, positioning it as the leading sector in the Middle East by 2023 in alignment with the Saudi Vision 2023.

The event also aligns with the Kingdom’s National Strategy for Transport and Logistics, aiming to enhance Saudi Arabia’s air connectivity from 99 destinations to over 250 across 29 airports. Furthermore, the strategy seeks to triple annual passenger traffic to reach 330 million. Launched in 2021 by Crown Prince Mohammed bin Salman, the strategy additionally aims to double the capacity of the air cargo sector to over 4.5 million tons. 

The event is organized by the International Civil Aviation Organization, a UN agency that facilitates cooperation among 193 countries, allowing them to share their skies for mutual benefit. 

Saudi Arabia’s commitment to global aviation is further underscored by its election to the membership of the ICAO Council for the period 2023-2024-2025. This decision was reached during the 41st General Assembly of the organization held in Montreal, Canada.  

The Kingdom secured its re-election through a voting process involving the participation of all 193 member states of the UN, securing a position in the ICAO Council, which comprises 36 members. 


Saudi Fund for Development, Omani Ministry of Finance sign MoU to establish industrial city

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Saudi Fund for Development, Omani Ministry of Finance sign MoU to establish industrial city

RIYADH: The CEO of the Saudi Fund for Development, Sultan bin Abdulrahman Al-Murshid, and the Omani Minister of Finance, Sultan bin Salem Al-Habsi, signed a development memorandum of understanding to support the establishment of the Thumrait Industrial City Project in Oman.

The project is funded by Saudi Arabia through the SFD with $40 million.

The signing ceremony was attended by the Saudi Ambassador to Oman, Ibrahim bin Saad bin Bishan, and several officials from both sides.

The MoU aims to develop the industrial, logistical, developmental, and social sectors in the Dhofar Governorate through the establishment of the integrated Thumrait Industrial City, covering an area of ​​approximately 3.94 million sq. meters.

The city will be equipped with all necessary infrastructure services. The project includes the construction and equipping of administrative and service buildings as well as public facilities. It also includes road works and electrical installations, as well as water networks and the construction of two wastewater treatment plants.

Engineering consultancy services will also be provided, reflecting the expected developmental impact in enhancing the industrial and service sectors in the governorate.

The CEO of the SFD affirmed that this MoU reflects the Kingdom’s efforts, through the fund, to support development sectors in Oman and strengthen the close development partnership between the two sides.

This will be achieved through the implementation of high-quality projects that contribute to developing infrastructure and creating an integrated and stimulating environment for industrial and logistical activities, which will positively impact the empowerment of the private sector and enhance economic as well as social development.

For his part, the Omani Minister of Finance emphasized that the signing of this agreement stems from a desire to strengthen developmental, economic, and investment relations and encourage partnerships across various sectors between the two countries.

At a time when the world is getting fragmented due to geopolitical tensions and ongoing wars, Saudi Arabia’s development fund is becoming a beacon of hope, as it continues to provide soft loans and grants for emerging economies.

Established in 1974 and commencing operations in 1975, the Saudi Fund for Development has financed more than 800 development projects in over 100 countries, with a cumulative value exceeding $21 billion.

SFD’s financing spans across multiple sectors, including health, education, and transport, as well as water and energy, with the aim of improving living conditions, enhancing capacity building, and creating job opportunities for millions of people in emerging nations.