KSA economic policy to attract major investments for aviation

General Authority of Civil Aviation (GACA) is making efforts to transform the Kingdom of Saudi Arabia (KSA) into a global hub for transportation and cargo services. To this end, KSA has announced the economic policy for the Kingdom’s aviation sector that seeks to attract investments worth US$100 billion by 2030. According to a statement, the investments, generated from the public and private sectors, would be utilized to raise the level of air traffic services in KSA. The economic policy aims to boost the operation of the KSA’s airports and improve the performance of national air carriers. The GACA also issued economic regulations for air transport services, which aim to spur air traffic by facilitating the requirements for issuing economic licenses for air carriers and cancelling the economic requirements for non-commercial flights.