{"id":9711,"date":"2023-10-31T06:40:55","date_gmt":"2023-10-31T06:40:55","guid":{"rendered":"https:\/\/aviation-news.info\/?p=9711"},"modified":"2023-10-31T06:40:55","modified_gmt":"2023-10-31T06:40:55","slug":"saudi-arabia-adopts-new-aviation-policy-to-improve-sectors-performance","status":"publish","type":"post","link":"https:\/\/aviation-news.info\/?p=9711","title":{"rendered":"Saudi Arabia adopts new aviation policy to improve sector\u2019s performance"},"content":{"rendered":"

Air aviation news – RIYADH: Saudi Arabia on Monday launched a new aviation policy that seeks to boost the sector\u2019s performance and attract investments worth $100 billion by 2030.<\/p>\n

According to the General Authority of Civil Aviation, the\u00a0policy will adopt regulations for airports, ground services, air cargo and air transport services effective Oct. 30.<\/p>\n

The policy supports the privatization of airports, facilitates the procedures for new investors to join the aviation market, and enables airport operators to set wages according to their plans.<\/p>\n

The authority will also enable airport operators to flexibly diversify their revenues by increasing revenues from non-navigational services.<\/p>\n

This move will incentivize airports to diversify services and commercial activities, becoming stronger travel hubs with international standards.<\/p>\n

Additionally, the authority\u2019s economic policy and regulations will help stimulate the Kingdom\u2019s investment environment, boost the transport and logistics sector\u2019s contribution to the local gross domestic product\u00a0to 10 percent, and create direct and indirect job opportunities in the aviation sector.<\/p>\n

Furthermore, the measure will attract investments of up to $100 billion from the public and private sectors by 2030 and aims to create a competitive climate that offers equal opportunities for the sector\u2019s current operators and future investors.<\/p>\n

The measure supports the National Aviation Sector\u2019s strategic plan, aiming to position it as the leading sector in the Middle East and contribute to Saudi Arabia\u2019s economic diversification.<\/p>\n

In an effort to enhance the authority\u2019s regulatory role, the airport regulations are designed to establish the foundation for supervising the processes of airport operators, encouraging privatization, and facilitating the entry of new investors into the region\u2019s aviation market.<\/p>\n

The economic regulations for ground handling and air cargo services require adherence to the principle of \u201cmarket access freedom\u201d for anyone wishing to provide services at the Kingdom\u2019s\u00a0airports, as well as establishing criteria and principles governing the selection of ground service providers.<\/p>\n

Moreover, GACA\u2019s air transport services regulations aim to stimulate traffic by facilitating the requirements for issuing economic licenses for air carriers and canceling the economic requests for non-commercial flights, enhancing air connectivity in the Kingdom.<\/p>\n

source: https:\/\/www.arabnews.com\/node\/2400121\/business-economy<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Air aviation news – RIYADH: Saudi Arabia on Monday launched a new aviation policy that seeks to boost the sector\u2019s performance and attract investments worth $100 billion by 2030. According to the General Authority of Civil Aviation, the\u00a0policy will adopt regulations for airports, ground services, air cargo and air transport services effective Oct. 30. The …<\/p>\n","protected":false},"author":1,"featured_media":9712,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"_wpscppro_dont_share_socialmedia":false,"_wpscppro_custom_social_share_image":0,"_facebook_share_type":"","_twitter_share_type":"","_linkedin_share_type":"","_pinterest_share_type":"","_linkedin_share_type_page":"","_instagram_share_type":"","_medium_share_type":"","_threads_share_type":"","_google_business_share_type":"","_selected_social_profile":[],"_wpsp_enable_custom_social_template":false,"_wpsp_social_scheduling":{"enabled":false,"datetime":null,"platforms":[],"status":"template_only","dateOption":"today","timeOption":"now","customDays":"","customHours":"","customDate":"","customTime":"","schedulingType":"absolute"},"_wpsp_active_default_template":true},"categories":[98,102],"tags":[],"class_list":["post-9711","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-companies","category-featured-en"],"yoast_head":"\nSaudi Arabia adopts new aviation policy to improve sector\u2019s performance - aviation news<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aviation-news.info\/?p=9711\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi Arabia adopts new aviation policy to improve sector\u2019s performance\" \/>\n<meta property=\"og:description\" content=\"Air aviation news – RIYADH: Saudi Arabia on Monday launched a new aviation policy that seeks to boost the sector\u2019s performance and attract investments worth $100 billion by 2030. 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