The Kingdom of Saudi Arabia (KSA) committed to investing $100 billion—356 billion SAR—into its aviation sector by 2030 in an effort to upgrade its air traffic infrastructure, launch a new national carrier, and provide a path for new airspace entrants such as drones and electric vertical take-off and landing (eVTOL) aircraft, according to comments made by government and industry leaders speaking at the two-day inaugural Future Aviation Forum (FAF) in Riyadh.
“Over the next 10 years, the Kingdom will emerge as the Middle East’s leading aviation hub,” Saudi Minister of Transport Saleh Al-Jasser said during his opening keynote.
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