Gulf Today,
Sunday, Jul
14, 2024 | Muharram 8, 1445
Global Aerospace Summit set to fast-track aviation investments
United Arab Emirates:
Representing the aerospace, aviation,
space, and defence sectors, the premier thought leadership forum will aim to
accelerate investments to drive greater sustainability, youth engagement and
innovation for the industry.
The summit is a CEO-led, critical meeting of the world’s aerospace supply
chain that brings together sector and government leaders at the highest
level for strategy development and partnerships. The two-day event will take
place on 25-26 September at the St. Regis, Saadiyat Island Resort in the UAE
capital – Abu Dhabi.
Since its first edition in 2012, the Global Aerospace Summit has solidified
the UAE’s position as a leading hub for aerospace, with the aviation
industry becoming a major driver for economic growth.
The 2024 edition will centre on several objectives designed to drive the
industry forward and address global aerospace concerns, exploring new ways
to enhance technological and strategic capabilities, attract investment,
strengthen domestic SMEs in the aerospace supply chain and emphasise
environmental responsibility.
Panel sessions will focus on developing the country’s defence industry
system, investing in the region’s thriving aviation sector, embracing
environmental responsibility for a greener future and optimising airport
infrastructure for future growth.
High-level speakers include Dr Mohamed Al Kuwaiti, Head of Cyber Security at
the UAE Government, Mohammed Al-Qahtani, Chief Information Security Officer
of Riyadh Airports, and Laila Odina, CEO of Riga International Airport.
With Abu Dhabi a hub for economic development, the summit will explore ways
to build aerospace clusters and ecosystems, foster international
partnerships, and invest in research and development to drive innovation and
value across the UAE.
Other key themes include global business aviation trends, such as supersonic
travel and sustainability initiatives, as well as critical issues in
liquidity, mergers and acquisitions (M&A), and supply chain resilience for
original equipment manufacturers (OEMs). Alongside this, it will delve into
advancements in space exploration and military space investments, the
connectivity opportunity presented by satellite broadband, and emerging
technologies such as artificial intelligence, electric propulsion,
hydrogen-powered aircraft, and more.
Inspiring and nurturing the next generation of aerospace leaders will be a
primary focus for the event. The NextGen Leaders initiative will form a key
part of the event, a programme that supports the UAE’s Emiratisation
objectives. NextGen fosters talent development and magnifies the potential
of the region’s brightest minds. Through this platform, the Summit will
close the gap between young talent and industry leaders, ensuring the right
level of skills, knowledge and capabilities are transferred to the next
generation of aerospace specialists.
A few days earlier, the UAE, represented by the General Civil Aviation
Authority (GCAA), has been re-elected as a member of the Executive Council
of the Arab Civil Aviation Organisation (ACAO) by unanimous vote in the
elections held during the organisation’s General Assembly, which took place
in Rabat, Morocco, on 3rd July.
On this occasion, Abdullah Bin Touq Al Marri, Minister of Economy and
Chairman of the Board of Directors of the GCAA, remarked that the UAE, under
the guidance of its wise leadership, has achieved a new milestone in the
civil aviation sector with its re-election to the Executive Council of the
Arab Civil Aviation Organisation.
This achievement underscored the strong partnership and brotherly bonds that
bind the UAE with the Arab countries and serves as a testament to the trust
in the strength and stature of the civil aviation sector as a global
aviation hub.
He continued, “Civil aviation is undoubtedly a pivotal area in Arab
cooperation, where significant progress has been achieved in several key
areas. The UAE is committed to supporting all efforts to enhance and develop
joint Arab action, raising it to more advanced levels. These efforts aim to
serve the future developmental visions of Arab countries and bolster
economic growth across the region.” On his part, Saif Mohammed Al Suwaidi,
Director-General of the GCAA, expressed his pride in achieving this
accomplishment, which resulted from the wise vision of the UAE’s leadership.
It reaffirms the country’s status as a leading and distinguished force in
this sector on both the Arab and international levels.
Last month, Dr Thani Bin Ahmed Al Zeyoudi, Minister of State for Foreign
Trade, has visited Sanad, the global aerospace engineering and leasing
solutions leader wholly owned by Abu Dhabi’s sovereign investor Mubadala
Investment Company (Mubadala).
Located on the campus of Zayed International Airport, Sanad is the region’s
largest independent maintenance, repair and overhaul (MRO) services
provider, renowned for its 37-years of expertise and heritage in delivering
world-class services and financing solutions to leading aircraft original
engine manufacturers (OEMs) and global airlines.
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