Saudi Vision 2030 Fuels the fastest growing aviation sector in the world, shows
The aviation industry of Saudi Arabia has become the fastest growing, with its contribution to the GDP increasing by more than 150 percent to $ 91 billion from the year 1,4 and the employment of new data.
The findings are published in a joint paper by the aviation business I and GE Aerospace, which is the strategy of Saudi Vision 2030 and Saudi Aviation’s plan to transform the Kingdom into one of the world’s aviation markets. Funded by $100 billion in government and private investment, the plan aims at a wide-ranging transformation of passengers to 330 million, expanding connections to more than 250 destinations and raising cargo volumes of more than 20 destinations by 2030.
Saudi is leading the expansion of regional aviation
“The aviation sector is a major source of employment while supporting tourism, which has been shown to be one of the largest income generators in the world,” said Dr Dan Wong, an aviation consultant cited in the paper.
The study said the Wider Middle East will post the fastest aviation expansion of any region, with Aviation-related GDP expected to increase by 154 percent. 204 aircraft rental. Passenger traffic is expected to double to 530 million, supported by population growth, good geography and long-term government investment.
Ryan harmoning, editor of Aviation Busina Middle Easthe said governments that continue to invest in displacement “will reap the rewards of economic diversification, job creation and global connectivity”.
The United Arab Emirates remains the largest aviation economy, with the sector accounting for 18.2 percent of GDP in 2023 and employing one third of the workforce in the Middle East. Dubai International has maintained its position as the world’s leading airport for international passengers, while the Aviation’s Ecosystem of Airlines provides approximately $92 billion in GDP.
Across the region, governments are united in aviation’s vision of sustainability and technology investment. The report highlights the greater use of predictive intelligence and fuel efficiency, as well as a shift in growth towards increasing tons of sustainable production by 2030 and Saudi Arabia.
Aziz Koleilat, president and CEO in the Middle East, Türkiye and CIS ‘new models of aviation development’ by investing simultaneously in aircraft, airports, infrastructure and maintenance skills.
Since there are two airports with generals that are competing with hundreds of new planes in a row, the paper concluded, the eastern sector of the Middle East is set to be one of the most powerful growth engines of the economy.
