Advanced air mobility to revolutionize Saudi transport, tourism, healthcare: GACA president 

General Authority of Civil Aviation President Abdulaziz bin Abdullah Al-Duailej toured a BETA Technologies Co.'s factory in South Burlington, Vermont as part of his trip to North America. SPA
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Updated 12 September 2024
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Advanced air mobility to revolutionize Saudi transport, tourism, healthcare: GACA president 

  • Abdulaziz Al-Duailej said the field is vital for addressing climate change
  • In 2023, the industry’s market value reached $9.7 billion, with projections indicating a climb to $50 billion by 2032

RIYADH: Advanced air mobility is on track to transform the transportation, tourism, and health care systems in Saudi Arabia and across the world, a top aviation official has claimed.

Abdulaziz Al-Duailej, president of the General Authority of Civil Aviation, said that the Kingdom is committed to a global leadership role in the field, according to a statement

He was speaking during the International Civil Aviation Organization Advanced Air Mobility Symposium taking place in Montreal, Canada, from Sept. 9 to 12. 

In 2023, the industry’s market value reached $9.7 billion, with projections forecasting a climb to $50 billion by 2032. This corresponds with over 200 cities in 57 countries planning to implement this technology, necessitating a unified global approach in regulation, technology, and investment.

“This field is vital for addressing climate change, offering low-emission alternatives that can significantly reduce carbon footprints,” Al-Duailej said.

“International collaboration is crucial for advancing this technology. It requires coordination between industries and governments to ensure safety and drive innovation,” he added. “In the Kingdom, we are accelerating these technologies, as seen with the air taxi trials in NEOM and during last year’s Hajj season.”

The GACA president went on to say: “Today, we’re on the brink of a remarkable future in innovation and creativity. The choices we make now will shape the world for generations.”

During his visit, Al-Duailej toured a BETA Technologies factory in South Burlington, Vermont, along with a delegation of officials from GACA, the Ministry of Investment, the Public Investment Fund, and the Ministry of Industry and Mineral Resources, as well as representatives from local private-sector companies like NEOM and Saudia Aerospace Engineering Industries.

BETA Technologies specializes in the production of electric, vertical take-off and landing aircraft.

The delegation inspected the production lines for advanced air mobility technologies, the latest infrastructure used by the factory, and operating charging stations. 

They also visited the firm’s research and development centers, where they were briefed on the latest enabling technologies used in carbon-free manufacturing and production, as well as the engines that rely on charging cubes, which reduce operating costs and carbon emissions. These include the vertical take-off and landing aircraft and the fully electric models for vertical and conventional take-off and landing.

The GACA delegation’s visit is part of the Kingdom’s endeavors to reaffirm its commitment to enabling advanced air mobility technologies and sustainable innovations as outlined in the advanced air mobility roadmap launched by the authority earlier this year. 

It also aims to strengthen cooperation and build partnerships with leading companies in the civil aviation sector, explore opportunities for exchanging expertise in the field, pursue the transfer and localization of advanced aviation technologies, and enhance research, development, and innovation cooperation.


Closing Bell: Saudi main index closes in red at 11,183

Updated 16 February 2026
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Closing Bell: Saudi main index closes in red at 11,183

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 44.79 points, or 0.4 percent, to close at 11,183.85.

The total trading turnover of the benchmark index was SR4.05 billion ($1.08 billion), as 69 of the listed stocks advanced, while 191 retreated.

The MSCI Tadawul Index decreased, down 6.63 points or 0.44 percent, to close at 1,504.73.

The Kingdom’s parallel market Nomu lost 328.20 points, or 1.36 percent, to close at 23,764.92. This comes as 22 of the listed stocks advanced, while 49 retreated.

The best-performing stock was Maharah Human Resources Co., with its share price surging by 7.26 percent to SR6.50.

Other top performers included Arabian Cement Co., which saw its share price rise by 6.27 percent to SR22.71, and Saudi Research and Media Group, which saw a 4.3 percent increase to SR104.30.

On the downside, the worst performer of the day was Arabian Internet and Communications Services Co., whose share price fell by 8.01 percent to SR207.80.

Jahez International Co. for Information System Technology and Al-Rajhi Co. for Cooperative Insurance also saw declines, with their shares dropping by 5.61 percent and 4.46 percent to SR12.79 and SR75, respectively.

On the announcement front, Etihad Etisalat Co. announced its financial results for 2025 with a 7.9 percent year-on-year growth in its revenues, to reach SR19.6 billion.

In a Tadawul statement, Mobily said that this growth is attributed to “the expansion of all revenue streams, with a healthy growth in the overall subscriber base.”

Mobily delivered an 11.6 percent increase in net profit, reaching SR3.4 billion in 2025 compared to SR3.1 billion in 2024.

The company’s share price reached SR67.85, marking a 0.37 percent increase on the main market.