The General Authority of Civil Aviation (GACA) hosted the opening of the 2019 Global Aviation Summit (GAS), a two-day international forum, at the Ritz-Carlton hotel in Riyadh on Monday.
In his opening address, Saudi Minister of Transport Dr. Nabeel Al-Amoudi discussed the value of the industry to the Kingdom, stating that civil aviation generated an estimated $126 billion annually, as well as providing 527,000 jobs.
He also discussed the recent accidents involving two Boeing 737 MAX aircraft, saying there were no immediate plans to allow the model to operate in Saudi airspace. “There were no 737 MAX aircraft flying in the Kingdom at the time,” he said, “and there aren’t plans for them to fly again in the near future.” Boeing’s top-selling MAX jet was grounded globally last month after two fatal crashes in Indonesia and Ethiopia.
Boeing’s senior managing director for commercial marketing, Darren Hulst, gave a keynote address where he discussed the Kingdom’s peculiarly opportune position in the global aviation industry.
“Saudi Arabia is unique, both as a strategic location and a destination, through pilgrimage and the Hajj and Umrah sector, and growing tourism opportunities,” he said.
“There is also the whole economic industry that comes along with aviation. Boeing has been a part of building that industry here in the last few decades, with various partnerships and joint ventures, and we are continuing to accelerate those investments.”
The history of civil aviation in Saudi Arabia effectively began in 1945, when a twin-engine Dakota DC-3 was gifted to King Abdul Aziz by US President Franklin D. Roosevelt. It was the first aircraft to land in the Kingdom, and it marked the beginning of Boeing’s relationship with the country.
“When we think about where we are today and where we can be as an industry in the next decade, the opportunities are limitless,” Hulst continued. “When you take into consideration the number of airplanes to support, the number of people to train, and the value of goods and services produced, we think this country has a unique advantage. In general, aviation growth has always doubled in relation to economic growth. Here in Saudi Arabia, though, because of all of its advantages, we see a fourfold multiplier effect. Boeing looks forward to being a part of it.”