Interesting article on KSA6 Jul 2019 14:12
https://us-sabc.org/u-s-contributes-to-saudi-aviation-a-2030-priority/
“The Kingdom’s aviation sector accounted for 4.6 percent of total GDP in 2018, contributing $34 billion in gross value added. Transportation and infrastructure has received a significant portion of Saudi Arabia’s budget over the years. Spending in those two sectors has increased by 50 percent over the past two years. Saudi Arabia boasts a network of 27 airports, 10 of which are international, and handled over 99 million passengers on over 771 thousand flights in 2018. Since 2017, over $16.7 billion was allocated for aviation projects to underscore the importance of the aviation sector in driving economic growth and diversification.”
“Saudi aviation has diversified in the past 10 years, due in part to enhanced regulatory developments that enabled several low budget air carriers, like Flynas and Flyadeal, to operate domestically. The addition of these airlines will play a prominent role in allowing Saudi Arabia to attain several of its Vision 2030 goals such as increased Saudi employment participation (1.2 million jobs for Saudi is expected), substantial increase in tourist visits (1.5 million by 2020), and increase the revenue generated from tourism to 18 percent by 2030.” Note the mention of the prominent role these airlines will play - incidentally Sheikh Salman Bin Hethlain has links to FlyNas too https://m.facebook.com/permalink.php?story_fbid=431686250214220&id=431668910215954
“Saudi Arabia also has a large market for aerospace materials and U.S. companies remain a preferred vendor due to quality of their products. The Council estimates that Saudi Arabia spent $1.7 billion on U.S. aircraft, spacecraft and parts. Moreover, U.S. aircraft and spacecraft sales to the Middle East region has remained above $11 billion over the past 5 years, with 83% consisting of civilian aircrafts, engines, and parts in 2018.” Sogorep that is a subsidiary of the Hazar group of companies has been the sole supplier of aircrafts, engines and parts to Saudi (including Saudi Airlines and the military).
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