Saudi Arabia, Barbados Sign Agreement on Air Transportation Services

Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser signed the agreement with Barbados Minister of Foreign Affairs and Foreign Trade and Senior Minister Coordinating the Productive Sector, Kerrie Symmonds.
Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser signed the agreement with Barbados Minister of Foreign Affairs and Foreign Trade and Senior Minister Coordinating the Productive Sector, Kerrie Symmonds.
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Saudi Arabia, Barbados Sign Agreement on Air Transportation Services

Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser signed the agreement with Barbados Minister of Foreign Affairs and Foreign Trade and Senior Minister Coordinating the Productive Sector, Kerrie Symmonds.
Saudi Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser signed the agreement with Barbados Minister of Foreign Affairs and Foreign Trade and Senior Minister Coordinating the Productive Sector, Kerrie Symmonds.

The governments of Saudi Arabia and Barbados have signed an air transportation agreement aiming to set regulatory frameworks for safe air travel, SPA reported on Friday.
Minister of Transport and Logistic Services Saleh bin Nasser Al-Jasser signed the agreement with the government of Barbados, represented by Minister of Foreign Affairs and Foreign Trade and Senior Minister Coordinating the Productive Sector, Kerrie Symmonds.
The agreement complements the 1944 Convention on International Civil Aviation, also known as the Chicago Convention, which regulates international civil aviation based on the principles of fair and equal opportunities.
The deal keeps pace with the developments in regulation between Saudi Arabia and Barbados, including the regulation of granting air transport rights and implementing standards for designation and licensing of internationally operating airlines.
It also aims to promote aviation safety and civil aviation security between the two sides, promote fair competition rules, and serve the joint economic interests of national carriers.
It further strengthens the national carriers’ active and continuous participation in serving the air transport market between Saudi Arabia and Barbados by applying modern market access patterns and encompassing all forms of air transport.
The agreement is part of the objectives of the civil aviation strategy, aimed at building international partnerships and signing new bilateral agreements that support its ambitious goals.
The strategy also aims to enhance the Kingdom's air connectivity to 250 destinations worldwide, making it a global logistics hub, and to transport 330 million passengers annually by 2030.



Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday
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Madinah Investment Forum to Kick Off on Sunday

Madinah Investment Forum to Kick Off on Sunday

The Madinah Investment Forum, organized by Al-Madinah Al-Munawwarah Chamber under the theme "Invest in Madinah", will start on Sunday and run for two days.
The forum consists of a diverse range of programs, events, and four specialized dialogue sessions focusing on key aspects of the national investment strategy. It will host 18 speakers and more than 40 entities, and present 200 investment opportunities, valued at over SAR57 billion, in more than ten targeted sectors, SPA reported.
The event will highlight Madinah's significant achievements and showcase development and investment projects in the region. It will explore promising investment sectors, comparative and competitive advantages, and the region's potential to support investment growth. Key areas of focus include hospitality, logistics, agriculture, and real estate.
The forum's objectives include identifying investment opportunities in Madinah, fostering investment partnerships, attracting new investments, and introducing financing solutions and business sector services for major development projects.
The event is aimed at a broad audience, including local and international investors, government agencies, development organizations, private sector representatives, investment agencies, financial institutions, consulting firms, and professional service providers.