Gulf States Strengthen their Position as Key Players in Global Aviation

Crown Prince Salman bin Hamad with the Saudi Falcons teams (2024 Bahrain International Airshow Website)
Crown Prince Salman bin Hamad with the Saudi Falcons teams (2024 Bahrain International Airshow Website)
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Gulf States Strengthen their Position as Key Players in Global Aviation

Crown Prince Salman bin Hamad with the Saudi Falcons teams (2024 Bahrain International Airshow Website)
Crown Prince Salman bin Hamad with the Saudi Falcons teams (2024 Bahrain International Airshow Website)

Bahrain’s Crown Prince Salman bin Hamad Al Khalifa officially opened the 2024 Bahrain International Airshow at Sakhir Airbase on Wednesday, with a strong turnout of regional and international aviation companies, policymakers, and industry professionals.

After the opening, Crown Prince Salman highlighted that key sectors play a vital role in supporting Bahrain’s economic diversification, helping to meet both current goals and future ambitions.

He also noted that Bahrain’s long history of hosting successful events shows the country’s commitment to achieving its development goals, including strengthening its position as a leading destination for global exhibitions and conferences.

During his visit to the exhibition, the Crown Prince expressed pride in the growing participation of aviation organizations.

Gulf countries have strengthened their position as key players in the global aviation industry, attracting major airlines and cutting-edge technologies, officials told Asharq Al-Awsat.

This year’s Bahrain International Airshow saw a 30% increase in participation compared to the last edition, with more companies and a wider range of equipment and technologies on display.

The event features 223 delegations from over 56 countries and 60 regional and international companies.

Mohammed Al-Khreisi, Vice President of Strategy and Business Intelligence at Saudi Arabia's Civil Aviation Authority, explained that Saudi Arabia’s participation highlights the country’s aviation achievements, investment opportunities, and global leadership.

He also emphasized the importance of Saudi Arabia hosting the upcoming Future of Aviation Forum.

In a comment to Asharq Al-Awsat during the opening ceremony, Al-Khreisi said the Kingdom’s participation highlights efforts to develop regulations that foster growth and innovation in aviation.

He pointed to the National Aviation Strategy, which aims to attract $100 billion in investments, increase passengers to 330 million, and connect Saudi Arabia to 250 international destinations by 2030.

Al-Khreisi added that Saudi Arabia also aims to showcase advanced air transport, sustainability programs, and efforts to improve passenger safety and experience, reinforcing its leadership in global aviation.



Local Content in Saudi Government Projects Rises to 47% by Q3

Al-Falih said that local content policies are integral to the state’s strategy. (SPA)
Al-Falih said that local content policies are integral to the state’s strategy. (SPA)
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Local Content in Saudi Government Projects Rises to 47% by Q3

Al-Falih said that local content policies are integral to the state’s strategy. (SPA)
Al-Falih said that local content policies are integral to the state’s strategy. (SPA)

The proportion of local content in Saudi government projects has grown significantly, rising from 33% in 2020 to approximately 47% by the end of the third quarter of this year. This progress was announced by Minister of Industry and Mineral Resources Bandar Al-Khorayef during a ministerial session titled, Future Trends in Light of Vision 2030, at the second edition of the Local Content Forum 2024.

Tourism Minister Ahmed Al-Khateeb emphasized that tourism is a cornerstone of Vision 2030, stating: “We aim to localize investment spending with the support of national institutions.”

He also outlined plans to increase the tourism sector’s contribution to the national economy from 3% in 2019 to 10%.

Al-Khateeb underscored the collaborative efforts underway with the private sector to develop the tourism industry.

For his part, Investment Minister Khalid Al-Falih highlighted that local content policies have been integral to the state’s strategy since its founding. He stressed that enhancing the competitiveness of local companies plays a vital role in advancing localization efforts.

Minister of Municipal and Rural Affairs and Housing Majed Al-Hogail stated that increasing local content is part of a long-term plan, noting that 70% of home construction technologies are now manufactured locally.

In turn, Economy and Planning Minister Faisal Al-Ibrahim explained that boosting local content helps drive economic growth. He emphasized that import substitution presents a valuable opportunity to support domestic products and balance trade.