Benefits of aviation to Saudi economy: IATA

Benefits of aviation to Saudi economy: IATA

The International Air Transport Association (IATA) recently presented to the government of Saudi Arabia a study quantifying economic benefits of aviation to its economy. 

The study was presented by Tony Tyler, IATA’s director general and CEO to HH Prince Fahad Alabdullah, president of the General Authority for Civil Aviation (GACA) and chairman of the Board of Saudi Arabian Airlines.

“Globally, aviation provides employment to some 57 million people and supports US$2.2 trillion in business. In Saudi Arabia, aviation and aviation-enabled tourism supports 3.2% of the Kingdom’s GDP and 3.0% of the workforce,” added Tyler.

The study further highlighted the benefits of aviation to the industry such as employment, stronger economies and better connectivity.

Tyler also discussed further liberalization of airspace and development of Saudi Arabian Airlines and aviation in the Kingdom. “Aviation is a critical component of the Saudi economy. The Kingdom’s 27 airports handle over 54 million passengers annually, and numbers are growing at double-digit pace. Aviation investments made in the Gulf region in recent years shows vital role aviation can play in building and diversifying economies. It is essential that the Saudi government continue with those policies to support efficient development of connectivity by avoiding unreasonable taxes and onerous regulation, and building sufficient infrastructure,” concluded Tyler.

Gary Marshall
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Gary Marshall
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Middle East

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