At the conference, set to take place on 4th June 2013 at the Hilton Hotel in Jeddah, MEBAA has gathered some of the most prominent leaders of the region's aviation sector to discuss the issues affecting the Kingdom's business aviation market.
The Kingdom is experiencing huge growth in the sectorand is widely recognised as one the biggest markets in the GCC commanding at least 35% of the market share. The MENA market is earmarked to continue its growthas was showcased by Honeywell Aerospace at MEBAC 2012 in Dubai. Honeywell have forecasted 14,000 business aircrafts deliveries through to 2017, generating industry sales of $233 billion (DH856 billion), with the Saudi Arabian market expected to be one of the main contributors to this growth.
Talking about the Saudi Arabian market, Mr Wajdi Alidrissi, Managing Director of Saudi Private Aviation (SPA), sponsor of the conference said, "We anticipate that the Saudi Arabian market will witness growth of atleast 10% through to 2014, due to the government's bold plans for economic cities across the Kingdom and other major infrastructure projects currently underway and in the pipeline,"
The conference will take the form of keynote speeches in the morning delivered by H.H. Prince Fahd bin Abdulla bin Muhammad, President of GACA, H.E. Dr. Faisal Bin Hamad Al Sughair Vice President of GACA and Mr Wajdi Alidrissi, Managing Director of Saudi Private Aviation. In the afternoon, the conference will move into panel discussions where CEOs and Directors of some of the most prominent companies in the industry and regulatory authorities will debate important topics such as the grey market and regulatory frameworks. Such companies include GACA, GCAA, NasJet, Nexus and SPA to name a few.
Speaking about MEBAC, Mr Ali Ahmed Al Naqbi, Founding Chairman of MEBAA said,"We are continuing to see a healthy growth of the Kingdom's business aviation industry. With such growth must come continual dialogue with industry stakeholders ensuring that the interests of business aviation are promoted and protected. Through MEBAC, we aim to deliver a platform to share our concerns and promote business aviation within the economic agenda of the Kingdom of Saudi Arabia.
Through conferences like MEBAC, MEBAA ensures that it continues to act as the principle forum for gathering, understanding and communicating the needs of the business aviation community within the Middle East and North Africa to businesses, government and worldwide media".
Source: http://www.ameinfo.com/mebaa-host-inaugural-middle-east-business-341959
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