Join our delegation to the 3rd Future Aviation Forum (FAF) to learn about the aviation and airport ecosystems, meet public entities driving the development of these sectors, and find potential business partners.
Hosted by the Saudi General Authority of Civil Aviation (GACA), FAF aims to enable aviation companies, airports, governments, and tech suppliers to learn, connect, showcase, and strengthen relationships with key industry stakeholders in order to elevate global connectivity. The Forum aims to draw over 1,500 local and international participants including senior ministers, civil aviation authorities, aviation sector leaders, investors and technology leaders. More information at www.futureaviationforum.com
MARKET OPPORTUNITY:
Saudi Arabia is located at the convergence of three continents, with over 40 fast-growing markets within 4 hours' reach, 40 percent of the world's GDP within six hours, and over half of the world's population within seven hours. The transformation of the Saudi aviation sector for the past few years has contributed to the Kingdom's advancement to the world's second fastest growing tourism destination in 2022 from a small number of international leisure travelers a few years prior. Over 120 foreign airlines currently operate in the Kingdom. In 2023, Saudi airports witnessed a record 111 million passengers and expanded connectivity to 140 destinations worldwide. GACA plays a key role in advancing these transformative initiatives by establishing the regulatory framework and offering strategic guidance to drive the growth and innovation of the civil aviation industry within the Kingdom's 29 airports.
According to the National Aviation Strategy, the Kingdom aims to handle 330 million passengers, offer 250 destinations, and achieve annual air cargo capacity of 4.5 million tons. by 2030. The logistics sector is anticipated to include six port zones, four air cargo centers, 10 dry port zones, 10 land border crossings, 18 industrial logistics zones, 50 in-country distriparks, 10 special economic zones (SEZs), and eight international distriparks. The Kingdom announced the masterplan to establish 59 logistics centers and incentives packages in 2023. An estimated 21 logistics zones and 5 SEZs are currently active. Meeting these goals will contribute to the Kingdom's ambition to become a top 10 tourist destination and a global logistics hub by 2030.
WHO SHOULD JOIN THE DELEGATION?
The USSBC has a long-standing collaboration with GACA that enables us to guide relevant U.S. companies to establish dialogue with the appropriate stakeholders in the aviation sector and assist them in identifying business opportunities.
We invite U.S. suppliers of the following products and services to join our mission:
· MRO
· Cargo
· Airport Operations
· Air Transport
· Logistics
· Training
· Safety
· Security
· Aerodrome Operators
· Aviation Infrastructure and Construction
· Financial Services
DELEGATION FEES & DELIVERABLES
· $2,500 per company representative (Council member)
· $3,000 per company representative (Council nonmember)
· $1,000 for each additional company representative
The fee covers:
· Promotion of your product/service to targeted audiences in Saudi Arabia prior to the FAF
· One-on-one meetings with potential Saudi business partners, end users
· Group meetings with Saudi industry stakeholders
· Group ground transportation to and from the FAF
· Onsite support during the FAF
Expenses for air travel, lodging, incidentals, and meals are separate and will be the responsibility of each participant. We offer business visa facilitation services as well.
Application Deadline: April 29, 2024
ABOUT THE USSBC:
The USSBC is a nonprofit organization that has been promoting trade and investment between the U.S. and Saudi Arabia for 30 years. We provide quality one-on-one business advice and support to U.S. and Saudi companies with potential and commitment to develop and maintain new business relationships. For information on our Board Members, members, testimonials relative to our services and recent missions, please visit www.ussaudi.org
POINT OF CONTACT
Ana Carmen Neboisa, Vice President
Email: anacarmen@ussaudi.org