RIYADH: Saudi Arabia’s business aviation sector is booming, thanks to the country’s expanding economy, significant government infrastructure investment, and an influx of high-net-worth individuals.
According to TechSCI research, this segment is valued at $1.2 billion in 2023 and is expected to grow at a compound annual growth rate of 8.88 percent between 2025 and 2029.
It was also highlighted in the General Authority of Civil Aviation’s roadmap, unveiled at Riyadh’s Future Aviation Forum in May.
The roadmap aims to help the Kingdom grow as a global high-value business and tourism destination. During this timeframe, he explained that SkyMark Executive, functioning as a private aircraft provider, observed a significant uptick in requests for flights transporting tourists, entertainers, and artists from abroad to emerging destinations such as AlUla, the Red Sea airport, and others.
Furthermore, it aims to increase the general aviation sector’s contribution to GDP by tenfold to $2 billion by 2030, encompassing the business jet segment, which includes charter, private, and corporate aircraft.
Farid Gharzeddine, captain and CEO of Dubai-based private jet company SkyMark Executive, told Arab News that Saudi Arabia’s private aviation and charter business has always thrived, serving individuals, business executives, government officials, and special missions.
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