Oil Update — Crude edged higher; Japan moves away from Russian embargo


The Saudi energy minister is expected to be one of the keynote speakers at the first Future Aviation Forum to be held in Riyadh.

Prince Abdulaziz bin Salman will address attendees at the event, which runs from May 9-11, as it focuses on innovation, sustainability and growth in the aviation sector.

The forum organized by the General Authority of Civil Aviation will feature more than 120 speakers, with more than 2,000 participants and representatives from various countries.

Another member of the government to address the forum will be Saleh bin Nasser Al-Jasser, Minister of Transport.

He previously described the event as “a watershed moment for the global aviation industry” in remarks when announcing the forum.

Read more: Saudi Arabia to host Future Aviation Forum on May 9

Speakers from the commercial sector include Captain Waleed Abdulhameed Al-Alawi, Deputy Managing Director of Gulf Air; Ryyan Tarabzoni, CEO of Jeddah Airports Co; and Captain Fahd H. Cynndy, CEO of Saudia Aerospace Engineering Industries.

Salvatore Sciacchitano, Chairman of the Council of the International Civil Aviation Organization, will also address the participants, as will Luis Felipe, Managing Director of the Airport Council International World.

Representatives of two of Saudi Arabia’s megaprojects are also expected to speak: NEOM airport and airline CEO John Selden; and the Executive Director of the Red Sea International Airport Project, Joseph Stratford.

The Future Aviation Forum comes at a time when the Kingdom plans to launch a new national airline to complement its existing flag carriers Saudia, Flynas and Flyadeal.

It also follows a YouGov survey which showed that 46% of Gulf residents, 32% of Americans, 40% of Italians and 40% of Britons believe confusing health regulations will stop them flying in 2022,

Despite the worrying figures, the World Travel and Tourism Council predicts that Middle East travel and tourism profits could reach $246 billion this year.

Read more: Commercial airline passengers still fear flying in 2022, global survey warns

Last month, Saudi Tourism Board CEO Fahd Hamidaddin revealed that the Kingdom expects inbound tourism to grow by 150% in the second quarter of 2022.


Comments are closed.