GCC
Like many other regions in the world Covid-19 has had a profound impact on the aviation industry in the GCC region. However, the GCC aviation industry market is expected to grow at a CAGR of 4% during the period of 2021-2025, which indicates a great amount of interest in the potential in the region. The aviation industry in the GCC supports roughly USD 130 billion in economic activity, and is accounted for around 10% of the global scheduled passenger and freight traffic making it an attractive market for a large amount of international companies. Since there is a rapid increase in passenger movement, the governments of various GCC nations are investing in resources in expanding the capabilities of all aspects in the aviation sector.
Saudi Arabia has announced that it will turn the country into a global logistics hub that connects several continents. In addition, the Saudi Arabia's General Authority of Civil Aviation launched an initiative that 28 proffesions will be established within the aviation industry in the region, and therefore create more than 10,000 jobs in the next three years. These ambitions and initiatives means that market opportunities in Saudi Arabia exist and there is a demand of various supplies and services that needs to be fulfilled.
Saudi Arabia has announced that it will turn the country into a global logistics hub that connects several continents. In addition, the Saudi Arabia's General Authority of Civil Aviation launched an initiative that 28 proffesions will be established within the aviation industry in the region, and therefore create more than 10,000 jobs in the next three years. These ambitions and initiatives means that market opportunities in Saudi Arabia exist and there is a demand of various supplies and services that needs to be fulfilled.