Connect with us

News

Saudi Aviation Sector Embraces Tech To Meet Vision 2030 Goals

The kingdom aims to become a global logistics hub and attract 100 million tourists by 2030.

Published

on

saudi aviation sector embraces tech to meet vision 2030 goals

Saudi Arabia is rapidly becoming a highly sought-after tourist destination, and in response to growing demand, the aviation industry requires year-on-year development on an increasingly large scale. As aviation is one of the most environmentally damaging sectors, mitigating harmful emissions is crucial to helping the Kingdom meet its ambitious Vision 2030 goals.

According to a recent report by the King Abdullah Petroleum Studies and Research Center, developing modern, high-tech aviation technologies could enhance Saudi Arabia’s aviation sector and simultaneously meet the requirements of growing volumes of tourists.

Co-author of the report, Abdulrahman Alwosheel, noted that Saudi Arabia enjoys a “strategic geopolitical position” and is a key location that connects the Asia-Pacific region to Europe and America. Developing this logistics hub is a critical component of the Vision 2030 roadmap.

Also Read: Tech Firms Form Partnership To Boost UAE’s Space Program

The National Tourism Strategy of Saudi Arabia plans to attract 100 million visitors by 2030, which could account for up to 10% of the Kingdom’s GDP. Meeting these lofty goals will require significant infrastructure improvements, as well as large-scale investment in innovative new technology and a highly-skilled workforce.

Advertisement

📢 Get Exclusive Monthly Articles, Updates & Tech Tips Right In Your Inbox!

JOIN 23K+ SUBSCRIBERS

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Lebanon Ministers Meet Visa Over National Digital Payment Platform

Finance and technology ministers say a comparative study and roadmap will follow before any decision on adopting a model.

Published

on

lebanon ministers meet visa over national digital payment platform

Lebanon’s finance and technology ministers met representatives from Visa last week to discuss a proposed unified national digital payment platform for government services, according to a readout from the Ministry of Finance.

The meeting brought together Finance Minister Yassin Jaber, Minister of State for Technology and Artificial Intelligence Kamal Shehadeh, a Visa delegation, and experts from both ministries. Discussion focused on whether Lebanon could establish a single platform through which citizens and institutions would pay taxes, fees, fines and other official transactions electronically, using mobile phones and other digital channels.

The Visa delegation presented examples from countries that have adopted unified government payment platforms, including the United Arab Emirates, Singapore, Estonia and Jordan. According to the readout, the examples were presented as having increased collection rates and expanded financial inclusion.

Talks covered settlement mechanisms, direct transfer to the treasury account, financial reconciliation, risk management, cybersecurity, fees, and an operational model that would involve the private sector. The parties agreed to continue technical and institutional consultations, prepare a comparative study, and develop an implementation roadmap before any decision on adopting a model for Lebanon.

Jaber said the Ministry of Finance had already enabled citizens to pay using credit cards and e-wallets through transfer companies, but described the proposed platform as a further step. He framed the development of electronic payment and collection systems as a priority within the ministry’s modernization plan.

Also Read: Deezer Says AI Tracks Now Make Up 44% Of Uploads

Shehadeh outlined the citizen-facing concept as a single mobile application through which users could settle obligations to ministries, government institutions and other bodies.

“The idea, in short, is that any citizen downloads an application on their mobile phone, through which they can pay all service obligations for all ministries, government institutions, or those owned by the Lebanese state, and others as well, as the platform is not limited only to state institutions,” he said.

Shehadeh added that the platform would not displace banks and money transfer companies that currently provide collection services to the state, calling it complementary to their work.

Continue Reading

#Trending