Global Aerospace Summit 2016 to focus on KSA and Africa
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The growing potential of the Kingdom of Saudi Arabia and Africa will be explored at the Global Aerospace Summit 2016.
Two new country-specific sessions have been added to the programme for the 2016 Summit which will be held in Abu Dhabi next March.
The additions will see dedicated debates on challenges and potential of industries within Saudi Arabia (KSA) and Africa – two markets identified by the Summit’s advisory board as key growth territories.
“As the Arabian Gulf’s largest country with a high growth rate, KSA provides a lucrative opportunity for aerospace and aviation,” said Nick Webb, managing partner of Streamline Marketing Group (SMG). He further added: “The KSA session will cover key updates on Saudi Arabian aerospace industry and its development and discuss the country’s aerospace objectives, challenges faced and potential solutions to overcome them.”
Saudi Arabia’s General Authority of Civil Aviation (GACA) recently announced plans to expand privatisation programmes in the nation’s aviation sector to accommodate rapid passenger growth. Sulaiman Al-Hamdan, president of GACA, said that the authority’s move to privatise a number of international and national airports is aimed at improving services and raising overall quality for airline passengers.
As per research by IATA, Middle East air passenger markets, will grow by 4.9% up to 2034 and will see an extra 237 million passengers a year on routes to, from and within the region by 2034. Within this, Saudi Arabia will enjoy strong growth of 4.6%.
Africa is also considered one of the fastest-emerging aviation markets with high growth potential. According to IATA, African airlines are expected to post a collective profit of US$100 m in 2015. OAG has reported that 10 African countries grew their international capacity by more than 10% last year.
“For African aviation stakeholders, it has become a necessity to tackle pertinent challenges, improve aviation’s efficiency, safety, and quality of service and unlock the continent’s potential,” added Webb.
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