Saudi Air Connectivity Program Negotiates with Global Firms to Expand Routes to Kingdom

The Saudi Air Connectivity Program participating at the Routes World 2024 (Asharq Al-Awsat)
The Saudi Air Connectivity Program participating at the Routes World 2024 (Asharq Al-Awsat)
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Saudi Air Connectivity Program Negotiates with Global Firms to Expand Routes to Kingdom

The Saudi Air Connectivity Program participating at the Routes World 2024 (Asharq Al-Awsat)
The Saudi Air Connectivity Program participating at the Routes World 2024 (Asharq Al-Awsat)

The Saudi Air Connectivity Program is meeting with major international transport companies at the Routes World 2024 in Manama, Bahrain.

The goal is to attract these companies to the local market, boosting air routes to 250 destinations and aiming to welcome 150 million visitors by 2030.

The program is participating in the three-day event to highlight services and opportunities for improving air connectivity with Saudi Arabia and reaching international markets.

The Saudi Air Connectivity Program has scheduled over 100 meetings at Routes World 2024 with global aviation leaders to discuss partnerships and showcase Saudi Arabia's strategic location as it seeks to expand international air routes.

Rashed Al-Shammari, the program’s Executive Vice President of Commercial Affairs, shared that discussions took place with airlines from Europe, including Switzerland, Germany, and the UK, as well as companies from China.

They explored opportunities for launching new direct flights to Saudi Arabia.

Adding New Seats

Al-Shammari highlighted that the program met with airline decision-makers to present opportunities for both currently served routes, which aim to expand flights, and underserved routes needing additional flights and seats.

He confirmed that interested companies expressed a desire to enter the Saudi market, but attracting them may take six months to five years, depending on factors like distance, aircraft availability, and profitability, especially following the COVID-19 crisis’s impact on the aviation industry.

Looking forward, Al-Shammari announced that follow-up meetings would focus on persuading airlines to establish new routes to underserved markets or enhance existing services.

Strengthening Partnerships

The program invites interested parties to visit its booth at Routes World 2024, where aviation leaders can learn about opportunities available across Saudi Arabia's 29 airports.

Launched in 2021, the Saudi Air Connectivity Program aims to boost tourism by improving air links between Saudi Arabia and the world through developing existing and new routes.

It works as the executive enabler of the National Tourism Strategy and the National Aviation Strategy to foster collaboration between public and private sectors in tourism and aviation, enhancing Saudi Arabia’s position as a leading global destination.



UAE Cabinet Approves 12% Spending Increase in 2025 Budget

A general view of Abu Dhabi, UAE. (WAM)
A general view of Abu Dhabi, UAE. (WAM)
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UAE Cabinet Approves 12% Spending Increase in 2025 Budget

A general view of Abu Dhabi, UAE. (WAM)
A general view of Abu Dhabi, UAE. (WAM)

The United Arab Emirates' cabinet has approved a balanced budget for the 2025 fiscal year with expenditures rising to 71.5 billion dirhams ($19.47 billion), state news agency WAM said in a statement on Tuesday.

The Gulf state, one of the world's top oil exporters, projects an increase in spending of almost 12% next year from 2024 estimates, but still expects a balanced budget in 2025, since revenue is also budgeted at 71.5 billion dirhams, according to the statement.

The approved annual budget is part of the UAE's multi-year financial plan for the years 2022-2026. The country approved a$52.3 billion budget for 2024-26 last October.

The UAE is a federation of seven emirates, all of which can set individual budgets, in addition to a federal budget. A large focus of the federal budget is on social and welfare spending.

Almost 40% of the 2025 budget will be allocated to social development and pensions, with education accounting for the majority of spending in that sector, followed by healthcare.

More than 35% of the spending is for government affairs, with much smaller allocations for the Infrastructure and Economic Affairs sector and for the Financial Investments sector, the statement said.