Dubai Airshow Sees Remarkable Saudi Participation

Part of the Dubai Airshow event (EPA)
Part of the Dubai Airshow event (EPA)
TT

Dubai Airshow Sees Remarkable Saudi Participation

Part of the Dubai Airshow event (EPA)
Part of the Dubai Airshow event (EPA)

Saudi Arabia made a remarkable presence on the first day of the Dubai Airshow, which reflects the readiness of the aviation sector in the Kingdom to shift into a new phase in line with the major economic transformations.

The Saudi authorities concluded several deals, agreements, and MoUs on the sidelines of the airshow.

They included establishing centers and partnerships in the maintenance sector and exploring strategic partnerships in training.

CEO of Saudi Arabian Airlines (Saudia) Ibrahim al-Koshy announced that the company plans to place a wide-body aircraft order next year to fuel rapid international expansion plans that will see it and a subsidiary flying to 200 mostly foreign destinations by 2030.

The airline expects to carry 85 million passengers a year by the end of the decade, up from 35 million before the pandemic, he said at the Dubai Airshow.

Saudia Aerospace Engineering Industries (SAEI) also signed a deal with the French Thales Group, which specializes in aviation systems, to launch a partnership through advanced aircraft maintenance services.

Flyadeal, Saudi Arabia’s low-cost carrier and a subsidiary of Saudia, signed a seven-year TrueChoice Overhaul agreement to cover engines that power its 11 A320-200 aircraft fleet.

The Prince Sultan Academy of Aviation Sciences signed an agreement with Airbus to train cabin crews and maintenance and management work training.

During the exhibition, Honeywell announced that it had selected Saudi Aerospace Engineering Industries as its certified maintenance center in the Middle East.



UAE, Serbia Sign Comprehensive Economic Partnership Agreement

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Serbian President Aleksandar Vučić. WAM
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Serbian President Aleksandar Vučić. WAM
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UAE, Serbia Sign Comprehensive Economic Partnership Agreement

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Serbian President Aleksandar Vučić. WAM
UAE President Sheikh Mohamed bin Zayed Al Nahyan and Serbian President Aleksandar Vučić. WAM

UAE President Sheikh Mohamed bin Zayed Al Nahyan and Serbian President Aleksandar Vučić have witnessed the exchange of a Comprehensive Economic Partnership Agreement (CEPA), paving the way for increased trade and investment flows and bilateral private sector collaboration.

Sheikh Mohamed commended the exchange of the CEPA as a key milestone in the relations between the UAE and Serbia.

“The CEPA exchange with Serbia is a notable step forward in our efforts to create a network of trade agreements that will accelerate investment, promote knowledge-sharing, and create opportunities for joint ventures in high-growth sectors,” he said.

“Serbia represents an important addition to the CEPA program and a bridge into the high-potential region of Eastern Europe. The UAE-Serbia CEPA reflects our shared ambition to establish a new era of collaboration between our nations and unlock long-term, sustainable growth for both our economies.”

The Serbian President expressed confidence that the agreement would pave the way for new opportunities in economic cooperation and diversification, fostering sustainable growth and prosperity for both nations.

Once implemented, the UAE-Serbia CEPA is expected to remove or reduce duties on product lines, lift unnecessary barriers to trade, protect intellectual property rights, support small and medium-sized companies, and facilitate mutual investment flows.

The UAE is the third-largest market for Serbian exports in the Middle East, and increased FDI has been directed toward high-priority sectors, including renewable energy, agriculture, food security, infrastructure, and logistics.