Dedicated Sessions for KSA and Africa Announced For Global Aerospace Summit
25 October, 2015 - Abu Dhabi, UAE: Two new country-specific sessions have been added to the powerful programme for the 2016 Global Aerospace Summit, one of the world’s most influential gatherings of top-tier international aviation, aerospace, defence and space leaders, which will be held in Abu Dhabi next March.
The additions will see dedicated debates on the challenges and potential of the industries within Saudi Arabia (KSA) and Africa – two markets identified by the Summit’s advisory board as key growth territories.
“As the Arabian Gulf’s largest country with a high growth rate, KSA provides a lucrative opportunity for aerospace and aviation,” said Nick Webb, Managing Partner of Streamline Marketing Group (SMG), the Summit organisers. “The KSA session will cover key updates on the Saudi Arabian aerospace industry and its development and discuss the country’s aerospace objectives, challenges faced and potential solutions to overcome them.”
Saudi Arabia’s General Authority of Civil Aviation (GACA) recently announced plans to expand privatisation programmes in the nation’s aviation sector to accommodate rapid passenger growth. Sulaiman Al-Hamdan, president of GACA, said that the authority’s move to privatise a number of international and national airports is aimed at improving services and raising overall quality for airline passengers.
Al-Hamdan explained that the Saudi government wants to give the industry its full support in the continuation of its development, so that aviation plays a central role in economic growth of the Gulf nation while creating job opportunities for its citizens.
The Middle East air passenger markets, will grow by 4.9 percent up to 2034 and will see an extra 237 million passengers a year on routes to, from and within the region by 2034, according to the International Air Transport Association (IATA) in its first 20-year passenger growth forecast. Within that, Saudi Arabia will enjoy strong growth of 4.6 percent.
Africa is also considered one of the fastest-emerging aviation markets with high growth potential. According to IATA, African airlines are expected to post a collective profit of $100 million in 2015. OAG, the online information and travel planning solutions resource, has reported that 10 African countries grew their international capacity by more than 10 percent last year.
“For African aviation stakeholders, it has become a necessity to tackle the pertinent challenges, improve aviation’s efficiency, safety, and quality of service and unlock the continent’s potential,” added Webb. “The Summit will provide stakeholders an opportunity to focus on aviation in Africa, discussing growth potential as well as the challenges facing local and international aviation stakeholders looking to expand and grow their businesses in Africa.”
The Global Aerospace Summit is part of the Abu Dhabi Aviation and Aerospace Week held under the patronage of His Highness Sheikh Mohammed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi and Deputy Supreme Commander of the UAE Armed Forces. The Summit, which is a high-level, invite-only event, will take place on 7 and 8 March 2015 at Abu Dhabi National Exhibition Centre.
Webb, added: “The event is shaping up to be a truly innovative programme. The list includes the real industry innovators and disruptors from some of the biggest names in global aviation, aerospace, space exploration and defence. Featuring the most, high powered C-suite and board level executives the Summit will provide current and futuristic insights into the next big things in aerospace materials development, space exploration, security and defence.”
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The Global Aerospace Summit
The Global Aerospace Summit is an exclusive, invitation-only event for C-level executives, senior decision makers and government officials involved with the aerospace, aviation, defence and space industries. The 2014 edition of the Summit saw over 1,250 world industry leaders gather in Abu Dhabi’s St. Regis Hotel, Saadiyat Island to forge the future of these sectors. The wide ranging themes covered by the Summit included new events for CEOs, dedicated, sector-specific strategy seminars, Defence Industry Closed Door Briefings and a Military, Satellite and Communications session. It brought industry experts together to answer the challenges faced by the sectors and shape future growth strategies.
The Global Aerospace Summit is organised by Streamline Marketing Group.For more information, please visit - http://www.aerospacesummit.com.
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Established and owned by the Government of Abu Dhabi, the company’s strategy is built on the creation of partnerships and on long-term, capital-intensive investments that deliver strong financial returns and tangible social benefits for the Emirate of Abu Dhabi and that contributes to the growth and diversification of its economy.
Mubadala brings together and manages a multi-billion dollar portfolio of local, regional and international investments and partners with leading global organizations to operate businesses across a wide range of industry sectors. These include aerospace, semiconductors, metals & mining, oil & gas, renewables, information & communications technology, healthcare, real estate & infrastructure, and services. For more information about Mubadala please visit www.mubadala.com.
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