MEBAA chairman announces Saudi Arabia's private aviation sector is considered the GCC's largest
The Saudi Gazette has reported that Ali Alnaqbi, founding chairman of the Middle East and North Africa Business Aviation Association (MEBAA), has announced at the opening ceremony of the 3rd event in Jeddah that with 500 private aviation aircraft, Saudi Arabia's private aviation sector is considered the GCC's largest general aviation market and represents 60% share of the region.
Speaking to Saudi Gazette, Alnaqbi said: "From the limitations of market growth due to the grey market, to over-regulation and serious restrictions on sustainable and self-funding growth, there are a multitude of factors unique to business aviation that must be addressed. MEBAA Conferences seek to continue addressing the challenges facing the industry until they have been successfully resolved."
He added "The MEBAA Conference brings together experts from across the Middle East and North Africa to address issues related to specific areas of business. We are pleased that so many key industry professionals are already committed to speaking and chairing panels, and we look forward to the conference providing significant value to the attendees."
Faisal Al Saddik, executive chief commercial affairs at Saudi Private Aviation, added: "We are proud to host this important conference here in Jeddah for the third year in a row which proves the position of Saudi Arabia in the aviation business.
"In the near future, we will also look into having more advanced aircrafts, because I think the market is growing very fast, about 20% a year. This year, we have gone beyond our set target, because of our excellent teamwork, our sales team, and our excellent management.”