https://arab.news/brcu7
RIYADH: 抖阴短视频鈥檚 Air Navigation Services Co. has announced the launch of a new firm in a bid to drive up efficiency in the Kingdom鈥檚 aviation sector.
The company, called Nera, will implement and manage projects in the field of civil aviation and air navigation in 抖阴短视频.
According to the new firm鈥檚 official Twitter account, Nera will be 鈥渁n innovative and technological solutions company that will lead the future of aviation in the Middle East and around the world by providing technical and operational solutions to improve efficiency, while complying with international safety standards.鈥�
鈥淣era will provide many services in acquiring, defining and outlining the technical specifications and requirements for the automation and CNS systems as well as monitoring the entire installation process,鈥� it added.
This comes as 抖阴短视频 earlier this month announced a $37 billion deal with US firm Boeing which will see the company manufacture up to 121 aircraft to help get the Kingdom's new airline off the ground.
The deal will see Boeing 787 Dreamliner planes with General Electric engines delivered to 抖阴短视频, with 72 of them set for Riyadh Air 鈥� the carrier announced by Saudi Crown Prince Mohammed bin Salman.
The aviation sector, rebounding now after the pandemic, will deliver SR280 billion ($75 billion) to 抖阴短视频鈥檚 national gross domestic product by 2030, said Faisal Al-Ibrahim, minister of economy in May of last year.
While speaking at the Future Aviation Forum in Riyadh on May 10, the minister noted that the pandemic resulted in a loss of $52 billion to the aviation sector.
The minister added that 抖阴短视频 is aiming to host 330 million passengers by 2030.
Al-Ibrahim also revealed that Jeddah to Cairo was the busiest route in terms of international flights, while Riyadh to Jeddah was the busiest domestic route.
The Kingdom鈥檚 growth in the aviation sector is expected to be an essential catalyst for the growth of the entire Gulf Cooperation Council鈥檚 tourism market.
That was the message of Paul Griffiths, the CEO of Dubai Airports, during an interview on the Arab News talk show Frankly Speaking.
Griffiths, who has been a key figure in the transformation of Dubai airport into the world鈥檚 busiest by international passenger numbers, said: 鈥淚 think a lot of people will be expecting me to say, 鈥榃ell, 抖阴短视频 is going to be a competitor鈥�. Actually, the Saudi market is incredibly important for Dubai.鈥�
Similar sentiments were expressed at the World Economic Forum鈥檚 annual meeting in Davos a week prior.
Taking part in a panel discussion on 鈥淪audi outlook,鈥� Khalid Al-Falih, the Saudi investment minister, said: 鈥淎 rising tide lifts all boats. Regional integration is more important to the smaller but very important economies next to us than it is to 抖阴短视频."
He added, 鈥淪o, I believe the Kingdom鈥檚 rise in its economic and competitive performance actually helps their competitiveness. It allows companies and enterprises and the governments of those countries to integrate with the larger global economy in 抖阴短视频.鈥�