GACA preparing Saudi Arabia as a global logistics center

GACA President Abdul Hakim Al-Tamimi speaks during a roundtable meeting with major UK civil aviation companies on Thursday. (SPA)
Updated 06 September 2018

GACA preparing Saudi Arabia as a global logistics center

JEDDAH: The General Authority of Civil Aviation (GACA), in cooperation with the Saudi-American Business Council, organized a roundtable meeting with major UK civil aviation companies. 

The meeting discussed the Saudi aviation sector and possible investment opportunities in it. Representatives of relevant departments at GACA met with more than 60 representatives of Saudi and British companies.

GACA President Abdul Hakim Al-Tamimi delivered a speech in which he reviewed investment opportunities in the Saudi aviation sector in light of a rise in air traffic and the number of infrastructure projects being implemented.

A wide variety of investment opportunities regarding airport operation and the provision of advanced consultancy services was discussed.

He stressed GACA’s eagerness to strengthen the Saudi civil aviation industry and harness the required capabilities to keep pace with steady growth in air transport in the Kingdom, so as to attract international companies to invest in airport infrastructure and services. 

GACA is striving to make the Kingdom a global logistics center linking three continents and receiving more than 30 million pilgrims by 2030, Al-Tamimi said.

During the meeting, companies were briefed on the development of the investment environment in the Kingdom, and on investment opportunities in the aviation sector. 

International launch set for Disney+ streaming service

Updated 3 min 36 sec ago

International launch set for Disney+ streaming service

San Francisco - USA
San Francisco, Aug 19, 2019 (AFP) -The Walt Disney Company said on Monday its streaming television service will debut in November in the United States, Australia, Canada, New Zealand and the Netherlands.
Offering film and TV entertainment including its "Star Wars" and Marvel franchises as well as its ABC content and an extensive library acquired from 21st Century Fox, Disney+ hopes to be a major challenger to Netflix.
It will launch in Canada, Netherlands, and the US on November 12, and in Australia and New Zealand a week later, the company said, and is expected to expand to most major markets within the following two years.
The entertainment giant also announced deals for Disney+ to be available on Apple, Google, Microsoft, Roku and Sony internet-linked devices.
Chief executive Bob Iger said during a recent earnings call the company would take advantage of its control of Hulu to bundle an ad-supported version of the streaming television service with Disney+ and ESPN in the US for a monthly subscription price of $12.99.
Iger said Disney was "focused on leveraging Fox's vast library of great titles... for example reimagining 'Home Alone,' 'Night at the Museum,' 'Cheaper by the Dozen,' and 'Diary of a Wimpy Kid' for a new generation on Disney+."
Former Fox superhero movie franchises including "X-Men," "Fantastic 4" and "Deadpool" will now come under the Marvel umbrella, Iger said, adding that parent company Disney sees "great long-term value" in the titles.
The increasingly competitive TV streaming marketplace will soon feature HBO Max, Apple and NBCUniversal platforms as well as Netflix and Amazon Prime.
Disney+ will launch at a subscription price of $6.99 monthly in the US.