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    Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

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    FAO Report Highlights Severe Agricultural Land Degradation Across the Arab Region

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    Oman: Over 250 Model Farms Drive Fruit Production Growth in Dhahirah

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    Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

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    Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

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    Citrus and Potatoes Lead Egypt’s H1 Agricultural Exports, Reaching 5.2 Million Tonnes

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    Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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    GCC Drone Market to Surpass USD 2 Billion by 2033, Driven by Tech Innovation and Industry Demand

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      Oman’s GDP Expands 4.7% on Non-Oil Sector Growth

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      Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

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      Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

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      Consumer Electronics Boom Continues Across GCC, Middle East

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      Qatar’s Consumer Electronics Market Set for Steady Growth Driven by Premium Demand and Digital Transformation

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      Oman Signs $520 Million Salt Mining Deal as Part of Mining Sector Expansion

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      Oman’s Manufacturing Sector Adds $10 Billion to the National Economy

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      Oman Advances Vision 2040 with 95% of Strategic Programs Underway

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        Turkey Set to Gain $50 Billion from Major Iraqi Infrastructure Project

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        Major Road Infrastructure Upgrades Underway in Oman’s Dhofar Governorate

        Oman Awards Over $600 Million in Contracts for Tourism Expansion

        Oman Awards Over $600 Million in Contracts for Tourism Expansion

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        Baghdad Metro Project Moves Forward Under New Implementation Strategy

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        Deal Signed to Build Bahla Cultural Center Facility in Oman

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        Lebanon’s Cement Deliveries Surge 57% in Q1 2025, Signaling Construction Growth

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        Iraq Approves 5,000-Unit Housing Project in Basra

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        AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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          Lebanon Moves to Build New Gas Power Plants as Part of Reform Program

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          Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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          Iraq Aims for 12 GW of Renewable Energy by 2030

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          Iraq Launches Ambitious Plan for 1,000 Solar Projects in Three Years

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          Iraq and Power China International Sign Deal to Strengthen National Power Grid

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          Qatar Adds 875 MW in Solar Power, Boosts Renewable Energy Push

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            Qatar’s Health Spending Set to Climb 14% by 2029

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            Qatar and the UK Explore Deeper Cooperation in Healthcare

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            Sidra Medicine Pioneers Holistic, Culturally Sensitive Fertility Care in Qatar

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            Hamad Medical Corporation Receives Global Recognition with JCI Accreditation

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              Oman Awards Over $600 Million in Contracts for Tourism Expansion

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              Qatar Expands Role as a Leading Global Tourism Destination

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              Saudi Arabia Welcomes Record 116 Million Tourists in 2024, Spending Reaches $76 Billion

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              Oman Secures $6.7 Billion in Tourism Investments Toward $7.8 Billion Goal by 2025

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              Middle East Tourism Spending Set to Reach $350 Billion by 2030, Driven by Luxury, Sports, and Business Travel Boom

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                MENA’s Coated Printing and Writing Paper Market Forecast to Grow 1.6% Annually Through 2035

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                    Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

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                      Global Agrifood Systems Require $1.1 Trillion Annually to Achieve Sustainability Goals by 2030

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                      Oman Eyes Boost in Grape Production Through Smart Farming and Model Farms

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                      Oman Launches Integrated Agriculture Hub in Dhofar’s Najd Region

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                      Food Tech Market Set to Reach $224.31B by 2032, Powered by Smart Kitchens and Sustainable Innovation

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                        Middle East Gaming Market to Surpass $42 Billion by 2033, Driven by Youth Demand and Mobile Adoption

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                        Emerging Trends Reshape GCC’s Rapidly Growing Retail Sector

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                          AIIB and Arab Fund Establish Partnership to Promote Sustainable Infrastructure

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                            Iraq Set to Launch First Nuclear Training Reactor in Partnership with China

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                              Middle East Pharma Market Set to Reach $36 Billion by 2028 as GCC Drives Innovation and Local Production

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                              Qatar Precision Health Institute and Qatar Foundation’s Pre-University Education Expand Collaboration to Inspire Future Scientists

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                              Qatar and the UK Explore Deeper Cooperation in Healthcare

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                                Middle East Tourism Spending Set to Reach $350 Billion by 2030, Driven by Luxury, Sports, and Business Travel Boom

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                                      Baghdad Metro Project Moves Forward Under New Implementation Strategy

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                                      Iraq Launches New US$930 Million Railway Project to Strengthen Connectivity and Drive Economic Growth

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                                      Qatar’s Infrastructure Sector Set for Robust Growth and Investment Opportunities

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                                      Home Business & Economy Economy

                                      Aviation integral part of Saudi economy

                                      SG

                                      October 17, 2012
                                      in Economy, Transport & Logistics
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                                      Commercial aviation is a critical component of the Saudi economy, providing 1.8 percent of the Kingdom’s GDP or SR30.2 billion annually, a study commissioned by the International Air Transport Association (IATA) and completed by Oxford Economics, said.

                                      Accounts for 1.8 percent of Kingdom’s GDP, provides some 152,000 jobs

                                      The study was presented to Prince Fahad Al-Abdullah, President of the General Authority for Civil Aviation (GACA) and Chairman of the Board of Saudi Arabian Airlines, by Tony Tyler, IATA’s Director General and CEO who is visiting Saudi Arabia.

                                      Moreover, aviation is a quality employer, providing work for some 152,000 people in the Kingdom, the study said, adding that the productivity of these jobs is 1.8 times higher than the average for Saudi Arabia.

                                      Besides, aviation-enabled tourism in the Kingdom employs a further 139,000 people and supports some SR23.6 billion of economic activity annually, the report said.

                                      In total, aviation and aviation-enabled tourism accounts for 3.2 percent of Saudi Arabia’s GDP

                                      In total, aviation and aviation-enabled tourism accounts for 3.2 percent of Saudi Arabia’s GDP and 3 percent of employment, the study noted.

                                      “Aviation is a force for good in our world. The industry has turned our planet into a global community by connecting people to business, bringing products to markets, facilitating journeys of discovery and uniting families and friends. This has a significant economic impact. Globally, aviation provides employment to some 57 million people and supports $2.2 trillion in business. And in Saudi Arabia, aviation and aviation-enabled tourism supports 3.2 percent of the Kingdom’s GDP and 3.0 percent of the workforce,” said Tyler.

                                      e-customs platform could lead to a phased implementation and eventually facilitate full implementation of e-Freight in the Kingdom

                                      IATA’s Director General and CEO also noted the intent by the government of Saudi Arabia to enable an e-customs platform, and hoped this could lead to a phased implementation and eventually facilitate full implementation of e-Freight in the Kingdom.

                                      Saudi Arabia’s 27 airports handle over 54 million passengers annually

                                      “Aviation is a critical component of the Saudi economy. Saudi Arabia’s 27 airports handle over 54 million passengers annually, and the numbers are growing at double-digit pace. The aviation investments made in the Gulf region in recent years shows the vital role aviation can play in building and diversifying economies. The new King Abdulaziz International Airport project is a good example of such important investment. It is essential that the Saudi government continue with those policies to support the efficient development of connectivity by avoiding unreasonable taxes and onerous regulation, and building sufficient infrastructure,” said Tyler.
                                       
                                      During his visit, Tyler also met with Saudi Arabian Airlines Director General, Eng. Khalid Almolhem, executives of Saudi Arabian Airlines, and government officials.

                                      Topics of discussion included further liberalization of airspace and the development of Saudi Arabian Airlines and aviation in the Kingdom. IATA also concluded agreements to accredit Saudi Arabian Airlines’ training centers as authorized training centers of the IATA Training and Development Institute. This is a significant step for the development of aviation’s human capital in the region.

                                      Saudi Arabia could open its domestic market to other airlines in the Gulf Cooperation Council (GCC)

                                      Meanwhile, the possibility that Saudi Arabia will open its domestic market to other airlines in the Gulf Cooperation Council (GCC) may just be the wedge needed to crack open the skies of the Middle East to liberalization. Earlier this year, Saudi authorities announced they were seriously considering a move to allow other carriers from within the GCC access to operate services in the Kingdom’s domestic market.

                                      Over the past decade, the gap between growth rates in Middle East long-haul and intra-regional traffic has widened. Between 2000 and 2010, intra-regional and domestic traffic in the Middle East expanded about 150 percent, compared with a 179 percent increase in international traffic, with the bulk of the latter accountable to the Gulf carriers, full service and LCC.

                                      Over the next 20 years, intra-regional and domestic traffic is expected to expand at about 5-5.1 percent

                                      This trend is expected to continue. Over the next 20 years, intra-regional and domestic traffic is expected to expand at about 5-5.1 percent p/a, well behind the overall forecast traffic growth of 6.4-6.6 percent p/a.

                                      Domestic and intra-regional growth rates in the Middle East are expected to be roughly in line with average global traffic growth, despite the fact regional economic and population growths are expected to grow substantially above world averages.

                                      Many Mena countries are pursuing ambitious tourism development policies, increasingly bumping up against their more restrictive aviation strategies

                                      Intra-regional traffic will be driven by increasing regional prosperity, the high labor mobility between Arab countries and young local populations. In addition, many Middle East and North African countries are pursuing ambitious tourism development policies, increasingly bumping up against their more restrictive aviation strategies.

                                      One positive sign is the regional fleet outlook. Wide-body aircraft have dominated aircraft ordering in the Middle East over the past decade, but in recent years substantial numbers of short-haul aircraft have been added to regional order books. Much of this has been driven by the arrival and expansion of LCCs, as well as smaller Middle East carriers adopting new operational niches. LCCs today still only supply a little more than 11 percent of Middle East intra-regional capacity, yet account for more than one-third of the region’s narrow-body orders.
                                      SG
                                      17 October

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