Saudi Forum to Attract Kuwaiti Investments

Invest in Saudi Arabia forum to be launched on Monday in Kuwait (Asharq Al-Awsat)
Invest in Saudi Arabia forum to be launched on Monday in Kuwait (Asharq Al-Awsat)
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Saudi Forum to Attract Kuwaiti Investments

Invest in Saudi Arabia forum to be launched on Monday in Kuwait (Asharq Al-Awsat)
Invest in Saudi Arabia forum to be launched on Monday in Kuwait (Asharq Al-Awsat)

''Invest in Saudi Arabia Forum'' will kick off Monday in Kuwait within the framework of Saudi Investment Minister Khaled al-Falih's visit to the country.

Several ministers and officials, public entities, significant companies, and representatives of the private sector from both countries are expected to attend the forum.

The forum aims to develop economic relations, promote mutual investments, explore the investment environment, and showcase the Kingdom's most prominent investment opportunities.

The forum's activities include panels and dialogue sessions to discuss the most promising investment sectors between the two countries, review the most prominent developments in the business environment in the Kingdom and significant projects related to Vision 2030, and bilateral meetings between government agencies and the private sector.

The visit of the Saudi Minister to Kuwait aims to deepen existing investment relations, build new and diversified qualitative partnerships, and strengthen economic, investment, and commercial ties with Kuwait.

The two countries have ambitious visions, Vision 2030 and Kuwait Vision 2035, which seek to play a role in the economic transformation and focus on attracting and diversifying foreign investments.

Vision 2030 provides opportunities for investors and companies to enter the Saudi market.

It contributes to searching for economic and commercial opportunities, attracting investments, and providing proper infrastructure, seeing that the Kingdom has massive investment capabilities harnessed to build a more diversified and sustainable economy.

In Kuwait, the stock market closed its trading on a rise in its general index of 18.18 points, reaching 7358 points, an increase of 0.25 percent, with a trading volume of 215.3 million shares, through the implementation of 9599 cash transactions, at a value of KD47.1 million.



GACA Issues Air Carrier and Airport Classifications for December 2024

GACA Issues Air Carrier and Airport Classifications for December 2024
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GACA Issues Air Carrier and Airport Classifications for December 2024

GACA Issues Air Carrier and Airport Classifications for December 2024

The General Authority of Civil Aviation (GACA) has issued its December classification of air transport service providers and airports to inform passengers about their performance and help them make informed choices. The monthly assessment is based on the number of complaints filed with GACA by travellers.
According to GACA, 1,074 complaints were filed by travellers on Saudi air carriers in December 2024. SAUDIA had the fewest complaints among the airlines, 20 per 100,000 travellers, and a complaint resolution rate of 99%. Flyadeal came second, with 21 complaints per 100,000 travellers and a resolution rate of 100%. Flynas came third with 24 complaints per 100,000 travellers and a resolution rate of 100%. The most common complaints in May were about luggage, flights, and tickets, SPA reported.
Among international airports with more than six million passengers annually, King Abdulaziz International Airport in Jeddah had the fewest complaints, 20 per 100,000 travellers, and a resolution rate of 96%.
Among international airports with less than six million passengers annually, Prince Sultan bin Abdulaziz Airport in Tabuk had the fewest complaints, one per 100,000 travellers, and a resolution rate of 100%.
Among domestic airports, Sharurah Domestic Airport had the fewest complaints, two per 100,000 passengers, and a resolution rate of 100%.
GACA reiterated that the monthly classification report aims to help passengers make informed choices, promote transparency, demonstrate its credibility and keenness to deal with travellers' complaints, stimulate fair competition, and develop and improve services.
According to the authority, multiple communication channels are open 24/7 to enable interaction with travellers and airport visitors. They are the call Center number 1929, WhatsApp service at 0115253333, email [email protected], social media accounts, and GACA's website.
Through these channels, the authority receives complaints concerning boarding passes, employee behaviour, and services for persons with disabilities and limited mobility.
In support of its partners, the airports, GACA prepared a booklet containing guidelines on how to deal with traveller complaints. The booklet, which has been circulated among airport operators, sets out service agreements and the rules that must be adhered to for all types of complaints and inquiries.
The authority also trains, through regularly held workshops, employees of national airlines and ground service companies that deal directly with travellers on how to comply with passenger protection regulations.