logo
Saudi-US Roundtable discusses partnership opportunities in aviation industry

Saudi-US Roundtable discusses partnership opportunities in aviation industry

Saudi Gazette12-02-2025
Saudi Gazette report
RIYADH — The Saudi-US High-Level Roundtable for Advanced Air Transport discussed ways to enhance economic ties, opportunities for partnerships and exchange of expertise in the aviation industry and related services. The meeting highlighted the sector's strategic programs and initiatives and their role in advancing the air transport industry according to the highest international standards, in line with Saudi Arabia's Vision 2030.The Saudi-US Roundtable attended by Vice Presidents of the General Authority of Civil Aviation (GACA), 12 American companies specialized in the advanced air transport sector in Saudi Arabia, and a number of government agencies and the private sector, including Ministry of Investment, Ministry of Industry and Mineral Resources, Human Resources Development Fund, the Advanced Electronics Company, Airports Holding Company, and NEOM Company.The meeting reviewed the integrated logistics areas, roadmap for advanced air transport, and its implementation of a number of successful experiments in more than one location within Saudi Arabia, most notably the first successful flight experiment in Saudi Arabia for a vertical take-off and landing (VTOL) aircraft in June 2023 in Neom, and the successful experiment of air taxi during Hajj season 2024.The programs and initiatives of the civil aviation sector system in Saudi Arabia, the available cooperative and investment opportunities, in addition to researching, transferring and localizing the advanced air transport industry, and developing human cadres in this sector were also discussed.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Saudi Arabia, Indonesia Foster Ties with $27bn Investment Deals
Saudi Arabia, Indonesia Foster Ties with $27bn Investment Deals

Leaders

time9 hours ago

  • Leaders

Saudi Arabia, Indonesia Foster Ties with $27bn Investment Deals

Saudi Arabia and Indonesia have further deepened their ties by signing several deals and memoranda of understanding (MoUs) during the visit of the Indonesian President, Prabowo Subianto, to the Kingdom, according to the Saudi Press Agency (SPA). The visit witnessed the signing of numerous deals and MoUs between the private sector institutions in both countries, amounting to nearly $27 billion across multiple fields, including clean energy, petrochemical industries, and aviation fuel services. Saudi-Indonesian Ties On Wednesday, the Saudi Crown Prince and Prime Minister, Mohammed bin Salman, received Subianto at Al-Salam Palace in Jeddah, where they reviewed bilateral relations and explored ways to strengthen them across various fields. Moreover, Crown Prince Mohammed bin Salman and President Subianto co-chaired the first Saudi-Indonesian Supreme Coordination Council meeting, during which they endorsed the Council's governance and a number of recommendations to enhance joint cooperation in areas of common interest. Bilateral Trade In terms of economy, trade and investment, both sides underscored the strength of their economic ties. They agreed on fostering bilateral cooperation, particularly in priority sectors, supporting partnerships between the private sectors in both countries, and leveraging the opportunities provided by Saudi Vision 2030 and Golden Indonesia Vision 2045 to enhance cooperation across various fields. Furthermore, they hailed bilateral trade, which amounted to approximately $31.5 billion over the past five years, making Saudi Arabia the top trading partner for Indonesia in the region. They also welcomed the positive outcomes of the negotiations for a Free Trade Agreement between the Gulf Cooperation Council (GCC) countries and Indonesia, which took place in September 2024 and February 2025. Strategic Partnerships Both sides stressed the need for enhancing investment cooperation and intensifying efforts to enable strategic partnerships in priority sectors, most notably energy, financial services, mining, manufacturing, logistics, tourism, manufacturing, agriculture, and green technologies. In terms of energy, the Indonesian side praised Saudi Arabia's crucial efforts in enhancing the reliability and stability of global oil markets, as well as its positive role balancing global energy markets. The two sides agreed to boost cooperation in the supply of crude oil and its derivatives, improve supply chains and their sustainability in the energy field, and strengthen cooperation in the fields of electricity, renewables and mineral resources. Bolstering Cooperation The two sides also underscored the importance of bolstering cooperation in the fields of digital economy and innovation, judiciary and justice, labor and human resources, culture, tourism, sports, education and scientific research, industry and mining, agriculture, fisheries, and food security, in addition to enhancing air connectivity between the two countries. Moreover, Saudi Arabia and Indonesia agreed on strengthening and developing their defense cooperation, in a manner that serves their common interests and contributes to achieving regional and global security and stability. Short link : Post Views: 25

Saudi e-commerce sales jump to SR69 billion during 1Q 2025
Saudi e-commerce sales jump to SR69 billion during 1Q 2025

Saudi Gazette

time9 hours ago

  • Saudi Gazette

Saudi e-commerce sales jump to SR69 billion during 1Q 2025

Saudi Gazette report MAKKAH — E-commerce sales in Saudi Arabia via Mada cards reached their highest levels ever, totaling more than SR69.3 billion during the first quarter of 2025. This figure records an annual growth of 56 percent, and an increase of approximately SR24.9 billion compared to the same period in 2024, during which sales reached SR44.4 billion, according to the statistical bulletin issued by the Saudi Central Bank (SAMA) for May 2025. The report indicated that the number of transactions executed via Mada cards exceeded 370 million transactions during the first quarter, while sales achieved a quarterly growth of 26 percent, an increase of approximately SR14.1 billion, compared to SR55.2 billion in the fourth quarter of 2024. Measuring monthly performance, e-commerce sales via Mada during May 2025 amounted to approximately SR27.4 billion, registering an 18 percent growth compared to April of the same year, when sales reached SR23.3 billion, with the number of transactions exceeding SR147 million. The data showed a cumulative growth of 31.3 percent during the period from January to May 2025, an increase of approximately SR6.5 billion, compared to sales of SR20.9 billion in January. It should be noted that these figures include payments and purchases made using Mada cards through e-commerce websites, applications, and digital wallets. They do not include transactions made using other credit cards, as Mada is the national payment network in the Kingdom and one of the payment systems owned by the Saudi Central Bank.

Saudi e-commerce sales soar 56% to SR69 billion during 1Q 2025
Saudi e-commerce sales soar 56% to SR69 billion during 1Q 2025

Saudi Gazette

time9 hours ago

  • Saudi Gazette

Saudi e-commerce sales soar 56% to SR69 billion during 1Q 2025

Saudi Gazette report MAKKAH — E-commerce sales in Saudi Arabia via Mada cards reached their highest levels ever, totaling more than SR69.3 billion during the first quarter of 2025. This figure records an annual growth of 56 percent, and an increase of approximately SR24.9 billion compared to the same period in 2024, during which sales reached SR44.4 billion, according to the statistical bulletin issued by the Saudi Central Bank (SAMA) for May 2025. The report indicated that the number of transactions executed via Mada cards exceeded 370 million transactions during the first quarter, while sales achieved a quarterly growth of 26 percent, an increase of approximately SR14.1 billion, compared to SR55.2 billion in the fourth quarter of 2024. Measuring monthly performance, e-commerce sales via Mada during May 2025 amounted to approximately SR27.4 billion, registering an 18 percent growth compared to April of the same year, when sales reached SR23.3 billion, with the number of transactions exceeding SR147 million. The data showed a cumulative growth of 31.3 percent during the period from January to May 2025, an increase of approximately SR6.5 billion, compared to sales of SR20.9 billion in January. It should be noted that these figures include payments and purchases made using Mada cards through e-commerce websites, applications, and digital wallets. They do not include transactions made using other credit cards, as Mada is the national payment network in the Kingdom and one of the payment systems owned by the Saudi Central Bank.

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store