logo
Saudi Arabia's business jet flights surge 24pc in 2024

Saudi Arabia's business jet flights surge 24pc in 2024

Trade Arabia23-01-2025

Saudi Arabia's business jet sector achieved a record 24 per cent jump in flight volumes in 2024, the General Authority of Civil Aviation has announced whilst profiling the sector's future growth prospects at a Saudi House aviation event on the sidelines of the 2025 World Economic Forum in Davos.
Business jet flights rose from 19,000 in 2023 to a record 23,612 in 2024, with domestic jet flights rising 26 per cent to 9,206 and international jet flights rising 15 per cent to 14,406.
This growth was led by Saudi Arabia's airport hubs, King Abdulaziz International Airport in Jeddah saw a 30 per cent increase in business jet traffic, while King Khalid International Airport in Riyadh recorded a 22 per cent rise and King Fahd International Airport in Dammam saw a 7 per cent increase.
Tourism destinations Sindalah, the Red Sea and Al Ula were popular new destinations for business, whilst events such as the Future Investment Initiative and Formula One Grand Prix in Jeddah also supported the record growth in jet traffic.
Mohammed Alkhuraisi, GACA's Executive Vice President of Strategy and Business stated:'A thriving business jet sector is essential to support Saudi Arabia's luxury tourism and business sectors. To build on the record business jet growth achieved in 2024, an unprecedented investment program is underway to ensure the Kingdom offers unparalleled business jet aviation infrastructure and services.'
'Saudi Arabia's General Aviation Roadmap is opening the Kingdom's business aviation sector to the world, offering global business aviation investors, operators, manufacturers and service providers the chance to be part of a $2 billion aviation opportunity,' added Alkhuraisi.
GACA's General Aviation Roadmap was launched during the Future Aviation Forum in May 2024, including a comprehensive transformation program to develop the general aviation sector into a $2 billion industry by 2030, supporting 35,000 jobs.
The roadmap aligns infrastructure planning and regulations across the sector, delivering six dedicated business aviation airports and a further nine dedicated business aviation terminals. The Roadmap will also increase the number of business aviation Fixed-Base Operators and Maintenance, Repair and Overhaul capacity for business jets.
In December 2024, an agreement was signed for Jubail Airport to serve as one of six dedicated general aviation airports in the Kingdom, expanding the sector's existing operational capacity and private aviation services.

Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Integrating technologies can reshape value chains: WEF
Integrating technologies can reshape value chains: WEF

Trade Arabia

time4 days ago

  • Trade Arabia

Integrating technologies can reshape value chains: WEF

World Economic Forum (WEF) has unveiled a framework showing how integrating technologies at varying maturity stages can reshape value chains and create new business models. A new WEF report examining how emerging technology combinations are reshaping industries and how business leaders can harness these insights to guide investment, build capabilities and position ecosystems strategically. It also offers valuable insights to policy-makers by highlighting how emerging technologies intersect and amplify one another, which can help break down regulatory silos and anticipate wider, system-level impacts. The Technology Convergence Report, developed in collaboration with Capgemini, introduces the 3C Framework – combination, convergence and compounding – to help decision-makers identify where emerging technologies intersect to spark new business models. 'Rapid advances across multiple technology domains are creating an undeniable shift in industries. The Technology Convergence report gives leaders a clear model to harness what is coming next,' says Jeremy Jurgens, Managing Director at World Economic Forum. By considering both technological maturity and deployment context, the report identifies 23 high-potential combinations drawn from over 230 subcomponents across eight critical domains: artificial intelligence, omni computing, engineering biology, spatial intelligence, robotics, advanced materials, next-generation energy and quantum technologies. While the framework focuses on the impact of technology combinations over individual breakthroughs, it highlights AI as a key enabler, making many of these synergies commercially viable. Several standout combinations demonstrate the transformative potential of technology convergence across sectors like infrastructure, healthcare, energy and transportation, including: Cognitive robotics: Agentic AI, spatial intelligence and robotic advancements in manipulation and adaptive control are enabling autonomous systems to make intelligent decisions in complex environments, driving progress in automotive and smart manufacturing. Digital twin ecosystems: Advances in sensor networks and AI simulation systems are enhancing digital twins, enabling more integrated, end-to-end impact, and expanding their efficiency and applicability across sectors from aerospace to healthcare. Hybrid quantum-classical computing: By combining quantum capabilities with the reliability of classical systems, this approach is already unlocking quantum's potential in finance, molecular simulation and complex optimization. Materials informatics: Predictive modelling and transformers are accelerating R&D in advanced materials by enabling virtual testing of combinations and structures before synthesizing them in a lab, driving more efficient development cycles in manufacturing, chemicals and beyond. 'The question is not about whether technology convergence will reshape industries. That journey has already begun. The real challenge is how companies can position themselves to be champions of convergence,' says Aiman Ezzat, Chief Executive Officer of Capgemini. This report serves as a practical guide for leaders seeking to turn insight into action, calling for a systems-thinking approach, balanced investments across tech maturity stages, value chain repositioning and ecosystem readiness. It combines qualitative and quantitative insights from the World Economic Forum's Technology Convergence Community, composed of subject matter experts from the Forum's global network of business, academic, civil society, public sector leaders, who provided domain expertise and case studies. This was complemented by Capgemini's global survey of 2,000 senior executives across 18 countries, 10 industries and five continents. - TradeArabia News Service

RX to launch inter aviation Arabia in Riyadh in February 2026
RX to launch inter aviation Arabia in Riyadh in February 2026

Trade Arabia

time11-05-2025

  • Trade Arabia

RX to launch inter aviation Arabia in Riyadh in February 2026

RX, a global leader in events and exhibitions and the team behind industry flagships such as inter airport Europe and The Airport Show, Dubai, has announced the launch of inter aviation Arabia, scheduled to take place in Riyadh in February 2026. The event aims to become one of the leading platforms for the aviation industry in the Middle East, significantly contributing to advancing Saudi Arabia's Vision 2030 and its transformation into a global aviation and logistics hub. According to the General Authority of Civil Aviation (GACA), the Saudi Aviation Strategy is backed by $100 billion in investments and aims to enhance the kingdom's connectivity to over 250 destinations across 29 airports and accommodate 330 million passengers annually by 2030. Vasyl Zhygalo, Managing Director, Middle East and Emerging Markets, RX, said: 'inter aviation Arabia is launching during a significant period of transformation in the aviation sector, both regionally and globally. Our aim is to establish a platform that fosters strategic dialogue, investment, and innovation, ultimately driving meaningful outcomes for the industry while supporting Saudi Arabia's goals of becoming a global aviation hub. We look forward to providing the industry with more details in the coming months." The event will focus on four key pillars: airport investments, infrastructure, equipment, and airline route development. Together, these pillars represent the essential components of a modern and resilient aviation ecosystem. As global air travel continues to grow, advancements in ground support technology, terminal automation, and sustainable operations are transforming equipment standards. Meanwhile, infrastructure and route development remain crucial for capacity expansion and operational efficiency. With optimal conditions for commercial engagement and market growth, inter aviation Arabia will draw a high-quality international audience of decision-makers, including executives from airports and airlines, air cargo carriers, and aviation technology providers. Attendees can expect a world-class showcase of products, live technology demonstrations, and an extensive programme of technical seminars that explore the latest developments in aviation efficiency and innovation.

Saudi Arabia Opens Skies To Foreign Charter Jets In Major Aviation Shake-Up
Saudi Arabia Opens Skies To Foreign Charter Jets In Major Aviation Shake-Up

Gulf Insider

time01-05-2025

  • Gulf Insider

Saudi Arabia Opens Skies To Foreign Charter Jets In Major Aviation Shake-Up

Saudi Arabia has officially opened its domestic airspace to international charter operators, ending long-standing cabotage restrictions and giving foreign private jet companies the green light to fly between cities inside the Kingdom. The change—effective from May 1, 2025—means that non-Saudi business and private jet operators can now run intra-Kingdom charter flights without needing a local partner or special exemption. It's a significant regulatory shift aimed at boosting private aviation and attracting more global investment into the sector. 'This policy change will build real opportunities for growth, create jobs, and make the Kingdom a more connected, accessible place for business and private travel,' said Imtiyaz Manzary, General Manager for General Aviation at GACA, the country's aviation regulator. The move is part of Saudi Arabia's General Aviation Roadmap, launched in 2024, which targets building a $2 billion general aviation industry by 2030. It includes removing empty-leg restrictions, upgrading infrastructure, and attracting international operators. Since GACA first signaled the rule change in February, several foreign operators have already submitted applications to enter the domestic market—an early sign of investor interest in the newly liberalised space. The reform also supports the country's Vision 2030 economic diversification agenda, which includes turning Saudi Arabia into a regional aviation and logistics hub. Opening up domestic airspace to non-Saudi players is seen as a bold, market-friendly step in that direction. Why it matters: Foreign charter firms can now fly domestic routes like Riyadh–Jeddah or Dammam–NEOM. More competition could mean better availability and pricing for private flyers. Signals a more open and investor-friendly stance from Saudi regulators. Bottom line:Saudi Arabia's skies are opening up—literally. With a pro-market policy shift now in place, the Kingdom is positioning itself as a serious player in the global business aviation scene.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into the world of global news and events? Download our app today from your preferred app store and start exploring.
app-storeplay-store