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02/10/2018
Kuwait's aviation authority seeks investments worth USD 20 bln

Kuwait's aviation authority seeks investments worth USD 20 bln

chairman of Kuwait's aviation authority Sheikh Salman Al-Humoud Al-Sabah during the meeting involving the region's aviation safety body RIYADH, Oct 1 (KUNA) -- Kuwait plans to ratchet up investments of up to USD 20 billion in the aviation sector within the next few years, its Directorate General of Civil Aviation said on Monday. The plan fits into a development strategy the Gulf state has devised for the year 2035, the chairman of Kuwait's aviation authority Sheikh Salman Al-Humoud Al-Sabah told the press on the sidelines of a meeting involving the region's aviation safety body. He pinpointed flight safety as an integral factor that contributes to the development of the aviation industry, citing the Regional Safety Oversight Organization in the Middle East and North Africa as a prominent body that has the support of many Arab nations. On the aviation industry in the region, the Kuwaiti official said that tremendous progress has been made despite the growing challenges facing that sector. He went on to say that the growth of the tourism industry, which is a core component of any development plan, could help prop up the aviation sector in the Middle East.