Saudi Arabia Concludes Participation in 'Wings India 2024' Conference and Exhibition

The exhibition attracted around 100,000 visitors and is recognized as one of the most significant aviation exhibitions and conferences in Asia. (SPA)
The exhibition attracted around 100,000 visitors and is recognized as one of the most significant aviation exhibitions and conferences in Asia. (SPA)
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Saudi Arabia Concludes Participation in 'Wings India 2024' Conference and Exhibition

The exhibition attracted around 100,000 visitors and is recognized as one of the most significant aviation exhibitions and conferences in Asia. (SPA)
The exhibition attracted around 100,000 visitors and is recognized as one of the most significant aviation exhibitions and conferences in Asia. (SPA)

Saudi Arabia, represented by the General Authority of Civil Aviation, successfully concluded on Sunday its participation in the Wings India 2024 exhibition conference.

The event was organized by the Indian Ministry of Civil Aviation in cooperation with the Federation of Indian Chambers of Commerce and Industry (FICCI). Leaders and heads of global civil aviation organizations and bodies attended the event that was held from January 18 to 21 at Begumpet Airport, Hyderabad.

During Saudi Arabia's participation, a delegation led by the President of the General Authority of Civil Aviation (GACA), Abdulaziz Al-Duailej, highlighted the vital role of the civil aviation sector in the Kingdom's national economy.

He also emphasized the promising investment opportunities offered by this sector, aligning with the Saudi Aviation Strategy's objectives. Under this strategy, the General Authority of Civil Aviation (GACA) aims to position Saudi Arabia as a leading player in civil aviation in the Middle East. Their goals include doubling passenger capacity to 330 million annually, serving more than 250 destinations worldwide, and increasing cargo capacity to 5.4 million tons.

On the sidelines of the conference, Al-Duailej participated in a ministerial session with leaders of civil aviation from around the world. The session focused on reviewing the national aviation strategy's role in supporting economic development in Saudi Arabia.

It also discussed the various opportunities for global investors based on the objectives of Saudi Vision 2030. The aim is for Saudi Arabia to become a regional aviation hub and a global logistics platform connecting three continents.

The Saudi Aviation Strategy aims to emphasize the Kingdom's pioneering role in the in the field of civil aviation in the Middle East region. It aims to attract $100 billion in investments and create a world-class travel experience for more than 330 million passengers annually by 2030. It intends to target only 10% of these 330 million passengers as transit passengers, underscoring our focus on sustainable and integrated growth.

The Wings India 2024 conference and exhibition also facilitated bilateral and one on one meetings to enhance cooperation. Al-Duailej met with the Minister of Civil Aviation and Steel of the Republic of India, Jyotiraditya Scindia, to discuss topics of mutual interest.

Additionally, he met with Minister of Infrastructure of Sweden Johan Davidsson and discussed cooperation in the field of civil aviation.

Another significant meeting took place with the Minister of Civil Aviation of Cambodia Mao Havanal to explore opportunities for direct operations between the two countries in line with the Saudi Civil Aviation Strategy. The meeting culminated in the signing of a record of consultations between Saudi Arabia and Cambodia.

As part of the activities at Wings India 2024 conference and exhibition, Eng. Imtiaz Muhammad Manzari, the Director General of General Aviation, participated in a dialogue session on "The Helicopter Industry." He highlighted the potential and prospects of helicopters and stressed the importance of developing new and diverse modes of efficient transportation.

Manzari also emphasized the need for modern technologies and infrastructure, including approved airstrips and maintenance centers, to support the safe operation of modern helicopters.

GACA's participation aimed to strengthen relationships with major international airlines and stakeholders in the aviation industry, foster an investor-friendly environment, promote the development of new routes, and introduce promising opportunities in the Saudi aviation sector.

Discussions during the event covered the latest trends, innovations, and solutions in the aviation industry, with a particular focus on air mobility, sustainability, and advanced technologies.

The Wings India 2024 conference and exhibition showcased advanced air transport solutions and their potential to transform civil aviation and open new markets for air travel in the coming decades.

The event attracted over 5,000 participants, including civil aviation authorities from multiple countries, airlines, and companies related to the civil aviation sector.

The exhibition attracted around 100,000 visitors and is recognized as one of the most significant aviation exhibitions and conferences in Asia.



Saudi Arabia to Host World Economic Forum Global Collaboration and Growth Meeting in April

 The Kingdom of Saudi Arabia will host the World Economic Forum (WEF) Global Collaboration and Growth Meeting on April 22-23, 2026 - SPA
The Kingdom of Saudi Arabia will host the World Economic Forum (WEF) Global Collaboration and Growth Meeting on April 22-23, 2026 - SPA
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Saudi Arabia to Host World Economic Forum Global Collaboration and Growth Meeting in April

 The Kingdom of Saudi Arabia will host the World Economic Forum (WEF) Global Collaboration and Growth Meeting on April 22-23, 2026 - SPA
The Kingdom of Saudi Arabia will host the World Economic Forum (WEF) Global Collaboration and Growth Meeting on April 22-23, 2026 - SPA

The Kingdom of Saudi Arabia will host the World Economic Forum (WEF) Global Collaboration and Growth Meeting: "Building Common Ground and Reviving Growth" in Jeddah on April 22-23, 2026.

The announcement came during the closing day of the 56th Annual Meeting of the forum in Davos, Switzerland.

Minister of Economy and Planning Faisal Alibrahim confirmed the details of the regular high-level WEF meeting, announced at the 2025 WEF annual meeting, SPA reported.

In his closing remarks at the forum, the minister stressed the need for sustained dialogue to accelerate global growth, calling on participants to engage actively in the World Economic Forum's Global Collaboration and Growth meeting, set to take place in Jeddah in April.

He noted that the meeting will build on the momentum generated by the World Economic Forum's Special Meeting hosted by Riyadh in 2024, affirming that the Kingdom has emerged as a global capital of pragmatism and consequential decision-making.

President of WEF Børge Brende highlighted the forum's deepening engagement with the Kingdom. He said: "We are pleased to return to Saudi Arabia in 2026 to carry forward the conversations started at our annual meeting, creating space for leaders to work together, build trust, and ensure dialogue leads to meaningful collaboration and action."

The announcement of the Kingdom's hosting of the World Economic Forum Global Collaboration and Growth Meeting comes as a continuation of the significant success achieved at the forum's special meeting hosted by Riyadh in April 2024, reinforcing Saudi Arabia's position as a reliable international partner in promoting economic stability and enhancing cooperation between developed and developing economies to confront shared global challenges.


First SDRPY Oil Derivatives Grant Arrives in Yemen's Socotra

The shipment is part of a newly announced SAR1.9 billion economic support package comprising 28 development projects - SPA
The shipment is part of a newly announced SAR1.9 billion economic support package comprising 28 development projects - SPA
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First SDRPY Oil Derivatives Grant Arrives in Yemen's Socotra

The shipment is part of a newly announced SAR1.9 billion economic support package comprising 28 development projects - SPA
The shipment is part of a newly announced SAR1.9 billion economic support package comprising 28 development projects - SPA

The first shipment of the Oil Derivatives Grant from the Saudi Development and Reconstruction Program for Yemen (SDRPY) arrived in Socotra on Friday.

The shipment will be providing fuel for electricity stations in Hadibu, Qalansiyah, Muri, and Alamah and eventually serving over 70 power plants across all Yemeni governorates.

The shipment is part of a newly announced SAR1.9 billion economic support package comprising 28 development projects.

According to SPA, under an agreement with the Yemeni Ministry of Electricity and Energy, SDRPY is providing 339 million liters of diesel and fuel oil valued at $81.2 million, purchased through the Yemeni petroleum company PetroMasila.

This initiative aims to stabilize the electricity sector and support vital infrastructure, including hospitals, schools, and airports, while stimulating economic growth.

The current grant follows previous Saudi fuel support totaling $180 million in 2018, $422 million in 2021, and $200 million in 2022.


EU to Suspend 93 billion Euro Retaliatory Trade Package against US for 6 Months

A container ship is seen at the loading terminal "Altenwerder" in the port of Hamburg, Germany, February 17, 2025. REUTERS/Fabian Bimmer
A container ship is seen at the loading terminal "Altenwerder" in the port of Hamburg, Germany, February 17, 2025. REUTERS/Fabian Bimmer
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EU to Suspend 93 billion Euro Retaliatory Trade Package against US for 6 Months

A container ship is seen at the loading terminal "Altenwerder" in the port of Hamburg, Germany, February 17, 2025. REUTERS/Fabian Bimmer
A container ship is seen at the loading terminal "Altenwerder" in the port of Hamburg, Germany, February 17, 2025. REUTERS/Fabian Bimmer

The European Commission said on Friday it would propose suspending for another six months an EU package ​of retaliatory trade measures against the US worth 93 billion euros ($109.19 billion) that would otherwise kick in on February 7.

The package, prepared in the first half of last year when the European Union was negotiating ‌a trade deal ‌with the United States, ‌was ⁠put ​on ‌hold for six months when Brussels and Washington agreed on a joint statement on trade in August 2025.

US President Donald Trump's threat last week to impose new tariffs on eight European countries ⁠over Washington's push to acquire Greenland had made ‌the retaliatory package a ‍handy tool for the ‍EU to use had Trump followed ‍through on his threat.

"With the removal of the tariff threat by the US we can now return to the important ​business of implementing the joint EU-US statement," Commission spokesman Olof Gill said, Reuters reported.

The ⁠Commission will soon make a proposal "to roll over our suspended countermeasures, which are set to expire on February 7," Gill said, adding the measures would be suspended for a further six months.

"Just to make absolutely clear -- the measures would remain suspended, but if we need them at any point in ‌the future, they can be unsuspended," Gill said.