Prince Sultan welcomes International Aeronautical Federation’s choice of Saudi Aviation Club CEO as new vice president

Prince Sultan said that SAC has become a benchmark for all those interested in aviation within the Kingdom. (AP)
Updated 19 March 2018
0

Prince Sultan welcomes International Aeronautical Federation’s choice of Saudi Aviation Club CEO as new vice president

RIYADH: Prince Sultan bin Salman, president of the Saudi Aviation Club (SAC), said the International Aeronautical Federation’s (FAI) choice of SAC chief executive Ayed Odeib Al-Qassimi as vice president of FAI for the MENA region represents a clear appreciation of the Kingdom’s proclaimed role in the dissemination of aviation culture worldwide.
The prince thanked King Salman for his advocacy and support for the SAC since its foundation, and all concerned with the club for this accomplishment.
The prince stressed that SAC has become a benchmark for all those interested in aviation within the Kingdom. It is undergoing an evolution in its infrastructure and branch expansion throughout the Kingdom and is about to become one of the largest and most important general aviation and air sports clubs all over the region.
The Dutch FAI president, Frits Brink, announced the selection of Al-Qassimi in a show of appreciation for the Kingdom’s role in spreading aviation culture within the Kingdom, regionally and internationally.
FAI was founded in 1905 as a non-profit international organization which aims to strengthen aviation activities and space navigation worldwide. It links more than 120 member states, forming a strong network binding all participants in aeronautical sports around the world.
SAC is considered one of the best known and largest aviation clubs in the world, and one of its most versatile considering the types and sizes of aircraft, sporting and training events it holds.
SAC was founded by a decree of the Council of Ministers in December 2000 with the aim of promoting general aviation under the banner of the Civil Aviation Authority.


Green light for crown prince-led Saudi privatization program

Updated 25 April 2018
0

Green light for crown prince-led Saudi privatization program

  • The Privatization Program is one of 12 key elements of the Saudi Arabia’s Vision 2030
  • The program is aimed at increasing job opportunities for Saudi nationals

RIYADH: Saudi Arabia’s Council of Economic and Development Affairs on Tuesday approved the Privatization Program that is one of 12 key elements of the Kingdom’s Vision 2030. 

The program is aimed at increasing job opportunities for Saudi nationals, attracting the latest technologies and innovations, and supporting economic development.

It encourages both local and foreign investment in order to enhance the role of the private sector, with government entities adopting a regulatory and supervisory role. The aim is to increase the private sector’s contribution to GDP from 40 percent to 65 percent by 2030. 

The program will aim to reach its objectives through encouraging the private sector to invest in establishing new schools, universities and health centers, while the government pursues its organizational and supervisory role in health and education.

The privatization program aims to benefit from previous success stories, with the private sector’s collaboration in the development of infrastructure, and its involvement on a large scale in sectors such as energy, water, transport, telecommunications, petrochemicals and finance.

The program sets out a series of objectives in three areas: Developing a general legal framework for policies related to privatization; establishing organizational foundations and dedicated institutions to execute the policies; and setting a timescale for their delivery. 

The Council of Economic and Development Affairs is headed by Crown Prince Mohammed bin Salman.