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.



Putin, Al-Sudani Discuss OPEC+ Coordination on Oil Price Stability

Russian President Vladimir Putin
Russian President Vladimir Putin
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Putin, Al-Sudani Discuss OPEC+ Coordination on Oil Price Stability

Russian President Vladimir Putin
Russian President Vladimir Putin

Russian President Vladimir Putin and Iraqi Prime Minister Mohammed Shia al-Sudani on Thursday discussed the importance of coordination between OPEC and OPEC+ members on oil price stability in a manner that guarantees fair prices for exporters and consumers.

Putin held a phone call with al-Sudani during which they discussed the OPEC+ oil agreement and the situation in the Middle East, the Kremlin said.

The telephone conversation came days prior to an OPEC+ key meeting expected early next month.

Reuters said that OPEC+ may push back output increases again when it meets on Dec. 1 due to weak global oil demand, according to three OPEC+ sources familiar with the discussions. Ministers last shelved the increase for a month when they met virtually on Nov. 3.

In a statement, the Kremlin on Thursday said Putin and Al-Sudani touched upon various aspects of coordination as part of OPEC+, a format that helps maintain stability in the global oil market, and reaffirmed the importance of continuing to coordinate steps in this format.

The Middle East issues were also mentioned in light of the unprecedented escalation of tensions in the region, it added.

The parties also agreed on further contacts at various levels, the statement said.

Later, Al-Sudani’s office said the phone call touched on energy-related matters, highlighting the importance of coordination among all concerned countries within OPEC and the OPEC+ group to stabilize oil and gas prices, ensuring fair pricing for both producers and consumers.