Mohammed bin Salman has been instrumental in implementing Saudi Arabia's Vision 2030, a plan to diversify the economy and reduce oil dependence.

The Vision 2030 plan, launched in 2016, aims to leverage the Kingdom's strengths to achieve national ambitions.

Mohammed bin Salman has overseen various economic reforms since his 2017 appointment as Crown Prince, including chairing the Council of Economic and Development Affairs.

The Crown Prince is credited with reforming the oil market, helping restore prices to pre-2015 levels through "OPEC+".

Vision 2030 aims to create a modern and diverse economy by empowering the private sector, fighting corruption, and improving women's rights.

The reforms include allowing Saudi women to drive and enter stadiums, and the establishment of an Entertainment Authority to open cinemas and venues.

MBS is curbing the Wahhabi establishment's influence by restricting the religious police and promoting moderate Islam.

The Saudi government has abolished the guardianship system, allowing women to travel and engage in activities without a male guardian's permission.

The World Bank's 2022 report found Saudi Arabia made significant progress in women's rights, scoring 10 points higher than in 2020.

Saudi Arabia's Vision 2030 aims to increase female workforce participation to 30% by 2030.

The female unemployment rate in Saudi Arabia has fallen to a 20-year low, with women making up over a third of the workforce, a 17.4% increase from five years ago.

The long-term sustainability of the reforms faces challenges from economic instability, social unrest, and potential resistance from the Wahhabi establishment.

The success of the reforms depends on the Saudi government's ability to address challenges and ensure sustainability.

Mohammed bin Salman has been instrumental in implementing Saudi Arabia's Vision 2030, a plan to diversify the economy and reduce oil dependence.

Title:

Content: RIYADH — Saudi Crown Prince and Prime Minister Mohammed bin Salman highlighted the remarkable achievements made by Saudi Arabia ever since the launch of its Vision 2030 and the government’s relentless efforts to implement structural reforms in the financial and economic sectors. The Crown Prince, who is also chairman of the Council of Economic and Development Affairs, said this in a statement issued on the occasion of the approval of the state’s general budget for the fiscal year 2024 by the Council of Ministers on Wednesday.

Prince Mohammed bin Salman underscored that the Kingdom is witnessing sustainable economic growth in light of the great development capabilities and opportunities that the Kingdom enjoys within the framework of the Vision 2030 to enable it to move forward towards a better future worthy of its status in accordance with the directives of Custodian of the Two Holy Mosques King Salman. “This produced a clear and prominent impact on the growth of the gross domestic product (GDP) of non-oil sectors.”

The Crown Prince affirmed the commitment made by the government in the budget for the fiscal year 2024 so as to enhance economic growth through the expansion of government spending. “The budget figures announced by King Salman come supportive and enabling many programs and initiatives. These include investments to strengthen infrastructure, raise the quality of services provided to citizens, expatriates and visitors, in addition to developing promising economic sectors, enhancing investment attraction, stimulating industries, and raising the proportion of local content and non-oil Saudi exports,” he said while praising the effective and important role of the Public Investment Fund (PIF) and the National Development Fund.

The Crown Prince emphasized that work would continue to develop the Kingdom’s public financial performance, by increasing financial capacity and building government reserves, in a way that enhances the capacity of the Kingdom’s economy, maintains sustainable levels of public debt, and enables it to confront any developments or crises that may arise in the future. “The increase in spending is mainly due to the government’s keenness to continue developing the level of public services provided to citizens, expatriates and visitors, as well as to implement many projects and expand spending on sectoral and regional development strategies that would achieve positive structural changes, leading to expanding and diversifying the economic base,” he said.

The Crown Prince stressed the government’s keenness on developing and strengthening partnership with the private sector so as to enable and motivate it to play its major role in achieving economic diversification, as far as to enable the labor market to absorb more of the Saudi workforce, create job opportunities in the labor market and reduce unemployment rates among Saudis. “The total number of Saudis in the labor market this year jumped to 2.3 million, in addition to improving the investment environment to be an attractive environment that contributes to raising the proportion of domestic and foreign investment, developing non-oil exports and improving the non-oil trade balance of payments,” he said.

The Crown Prince emphasized that the journey of economic diversification continues through supporting promising sectors, as the Kingdom works to raise tourism targets to 150 million visitors internally and externally by 2030 in addition to building an effective sports sector through the “Investment and Privatization Project for Sports Clubs,” in order to achieve the goals of the Vision 2030 in the sports sector, as these sectors are witnessing rapid growth and providing diverse opportunities.

Prince Mohammed bin Salman reiterated the Kingdom’s determination to develop its industrial sector, as it is one of the most important vital sectors in the Saudi economy, by diversifying the industrial base and value chains through the “National Strategy for Industry'', which focuses on 12 sub-sectors to diversify the industrial economy and raise the industrial domestic product by around three times compared to the year 2020, reaching SR895 billion in 2030 to be a major contributor to the development of non-oil exports. This is in integration with the important role of the PIF as it is the investment arm that contributes and complements the efforts undertaken by the government in diversifying the economy, and the pivotal role of the National Development Fund and its affiliated funds in providing concessional financing to the private sector, he pointed out.

Speaking about the pivotal and leadership role of the Kingdom, the Crown Prince stressed the Kingdom’s role regionally and internationally, and its endeavor to ensure that the countries of the world enjoy security and stability, as they are the main factors for development and prosperity, and its keenness to develop and stabilize supply and value chains in a way that serves the development and economic prosperity of all countries of the world.

The Crown Prince stressed the Kingdom’s determination to continue the development momentum during the coming year and in the medium and long term with boosting the attractiveness of the Kingdom’s economy as a base for local and foreign investments besides diversifying the economy through the development of all economic sectors.

© Copyright 2022 The Saudi Gazette. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info).

What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

To diversify Saudi Arabia's economy
To lessen reliance on oil.

What has MBS done since becoming Crown Prince in Saudi Arabia?

The Vision 2030 plan, launched in 2016, aims to leverage the Kingdom's strengths to achieve national ambitions.

Title:

Content: Confidence decision and stage vision
|
After a decade-long series of rises, oil prices fell dramatically in 2015, and with it the Saudi economy faced a very complex situation, amid widespread concern about the continued state of the oil market saturated with production and stocks, and the dependence of the Saudi economy on this single resource.
The economy of the Kingdom was on the verge of repeating the experience of falling prices at the end of the 1980s, and the wheel of development stopped until the oil market regained its balance.
The difficult situation of the main fuel "oil" to the state treasury coincided with the pledge of allegiance of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz, who made rapid structural changes from the first moments to avoid a repeat of the economic crisis in the 1990s, beginning with the establishment of the Council of Economic and Development Affairs headed by Prince Mohammed bin Salman.
No one realized at the time the importance of the decision and its profound impact on the Saudi economy, enabling a new generation of young leaders to achieve the historic role assigned to them at this important stage.
It was not long before the Kingdom ’ s Vision 2030 shone in April 2016, seeking to exploit the Kingdom ’ s strengths, namely its vital strategic position on the world map, investment power, Arab and Islamic depth, and harnessing all potential to achieve great national ambitions.
The vision promised at that time a huge challenge in all its numbers, and the exact timing of its completion, but most importantly the emergence of the personality of Prince Mohammed bin Salman as an able leader with scientific and practical knowledge of the capabilities and capabilities of his country and people.
His speeches and speeches to the international and local media clearly reflected his vision of the place that the Kingdom should achieve among the countries of the world, especially in important national issues such as national transformation, diversification of sources of income, empowerment of the private sector, fighting corruption and extremism.
The challenges of national transformation began with extensive changes in ministries and leadership and the establishment of bodies with unprecedented transparency, under the supervision and diligent follow-up of the Crown Prince, which contributed to accelerating progress.
The period following the structural changes of the ministries required extensive tours of Prince Mohammed bin Salman around the world to achieve several objectives, most notably reforming the oil market and opening the doors to Saudi investments led by the Public Investment Fund in its new version.
After Prince Mohammed bin Salman assumed the crown prince on June 21, 2017, work continued on maximizing the vision ’ s output.
History records the praise of heads of state and international organizations for his efforts and ability to reform the mechanisms of decision-making in the oil market, which culminated in the production of "OPEC +" with careful governance of its work, which restored prices to levels before the collapse of 2015.
Saudi Arabia is now the world ’ s fastest-growing country among the G20, with 13 percent in the first half of this year, which is witnessing the suffering of many countries with severe economic, social, administrative and political problems.
The current growth is more sustainable than ever because of the actions taken.
The non - oil sector grew by 8.2 per cent.
Already, the Kingdom has overcome difficult circumstances in five years, to crown today the world summit in several indicators, where it advanced eight ranks in the report of the World Competitiveness Yearbook 2022, ranked 24th out of 63 countries considered the most competitive in the world, and the second best performance in the world, and the financial market achieved the best performance in 14 years.
G20 countries topped the flow of international tourist arrivals in the first seven months of last year, according to the latest reports from the World Tourism Organization, at a rate of more than 121 percent.
Within one year, several programs, plans and designs were launched, including the design of The Line, Oxagon, Trogina and ENOA, which deals with innovations and the energy, water and hydrogen industries, NEOM Digital Technology, as well as sustainability projects in Riyadh with more than 68 initiatives in five sectors, worth more than 346 billion riyals, City Visions and Downtown Jeddah.
There is no secret when it is said that all the previous projects, plans and initiatives have been implemented and implemented under the personal follow-up of the Crown Prince, and to achieve sustainability for development, and to complement the mega projects comes the Royal Order appointing him as Prime Minister, to consolidate the firm and lay the foundations of the Kingdom of the future.
There is no doubt that the wisdom of the Custodian of the Two Holy Mosques was manifested in choosing the right time for this decision, coinciding with the stage of change, reform and development to reach the Kingdom - as the Crown Prince - the highest heaven.
Publish it.

What are the main goals of the 2016- launched Vision 2030?

Mohammed bin Salman has overseen various economic reforms since his 2017 appointment as Crown Prince, including chairing the Council of Economic and Development Affairs.

What has MBS done since becoming Crown Prince in Saudi Arabia?

The Crown Prince is credited with reforming the oil market, helping restore prices to pre-2015 levels through "OPEC+".

What has MBS done since becoming Crown Prince in Saudi Arabia?

Vision 2030 aims to create a modern and diverse economy by empowering the private sector, fighting corruption, and improving women's rights.

Title:

Content: Extensive reforms in the Kingdom in 2022
Financial: The reforms of the Crown Prince have great support from the youth
2020-12-28 at 08: 16
The Citizen - Translated by Hala Abdulrahman
The Financial Times pointed out that the Kingdom is carrying out extensive reforms under the auspices of Crown Prince and Prime Minister Prince Mohammed bin Salman, in rapid steps that enjoy great support from the Kingdom ’ s youth.
Extensive repairs
The newspaper reported that the year 2022 witnessed extensive changes in the Kingdom, based on the ambitious Vision 2030 launched by the Crown Prince, and the year 2022, when Crown Prince Mohammed bin Salman, launched an important series of reforms.
These reforms include renewing and diversifying the economy to make it less dependent on oil and more open to other sources such as tourism.
The Kingdom is trying to attract young talent and Western companies in the face of growing global and regional competition, in addition to providing a more modern lifestyle.
Support for youth and women
The newspaper praised the elements of the empowerment of Saudi women and their inclusion in many fields and participation in many activities, which enabled them to achieve achievements at the local and regional level, while the Saudis welcomed these steps and enjoyed great popularity and support.
Crown Prince Mohammed bin Salman has received widespread support from Saudi youth.
The words of support and motivation for young people are always present in most of the speeches of the Crown Prince, which was evident during the launch of the National Intellectual Property Strategy, which is one of the possibilities to achieve the objectives of the Kingdom ’ s Vision 2030, aimed at building an intellectual property system that supports the economy based on innovation and creativity.
The real power.
“We have minds and energies that are passionate about innovation and creativity, and by enabling it, the Kingdom will be a fertile environment for the knowledge economy through an integrated intellectual property system that supports the development of innovative technologies and industries and contributes to the growth of enterprises.
In 2016, His Highness the Crown Prince announced the future vision of Saudi Arabia 2030, and Prince Mohammed bin Salman stressed that youth are the real force to achieve the national vision, which he believes will be achieved only through the Saudi youth, which is one of the most prominent advantages in Saudi Arabia.
Since then, Vision 2030 has placed youth as a pillar and roadmap to empower them, get out of the oil mantle, invest, and diversify economic incomes.

How has Vision 2030 affected women's rights and workforce participation?

Strengthened women's rights
gender equality

What are some of the key goals of Vision 2030 for society and economy?

What are the main goals of the 2016- launched Vision 2030?

What has MBS done since becoming Crown Prince in Saudi Arabia?

The reforms include allowing Saudi women to drive and enter stadiums, and the establishment of an Entertainment Authority to open cinemas and venues.

Title:

Content: General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
General Supervision
Elham Aboul Fath
Editor-in-Chief
Thank you for your patience.
What the first could not | Mohammed bin Salman.. Saudi Arabia ’ s answer to a question that no one asked
While the Middle East was looking to Western governments where young people assume leadership positions and their energies explode in order to elevate their homelands, no one expected to see a similar experience in our Arab countries soon, before circumstances gave us a chance to see the experience of Prince Mohammed bin Salman in Saudi Arabia.
Saudi Crown Prince Mohammed bin Salman on Wednesday turned 37, the youngest crown prince in Saudi Arabia ’ s history.
On April 29, 2015, the royal order was issued to choose Prince Mohammed bin Salman as crown prince, amid a state of regional and international surprise at the unprecedented and “previous ” step, and amid anticipation of what this young man might do, the question was:“ Is he qualified to carry out the duties of this heavy position in such a great country? ”
The obvious truth is that Prince Mohammed bin Salman did more than this question and answer it, but it was an answer to a question that did not occur to him, a question about the revolution to change the face of the Kingdom and lead it towards the future.
How did the young prince change the face of the kingdom?
Prince Mohammed bin Salman has shown since his tenure the Kingdom ’ s era an open mentality that flushed the dust of reactionary and extremist thought about the Kingdom, a task that was not imagined that anyone would dare, the challenge of the common mistake is the task of misery, where he will not forgive you your sanity and will not protect you from doubt and denigrating, but the steadfast leader does not turn and go his way for the sake of his people.
Prince Mohammed bin Salman made history when his reign saw Saudi women allowed to drive and enter sports stadiums and then established the Entertainment Authority.
His views have always been clear in categorical terms, when he described “religious extremism ” as an outsider in Saudi society, and that there is no place to waste women ’ s rights according to misconceptions about Islam, as the kingdom under King Salman bin Abdulaziz abolished the guardianship system for women in 2016.
Prince Mohammed bin Salman told The Atlantic: “Before 1979 there were more flexible social customs, and there were no guardianship laws in Saudi Arabia. ”
He refers to a series of disparate pieces of legislation that have not taken the status of law since the late 1970s that have limited the rights of Saudi women as minors in need of a guardian.
Bin Salman was aware of a real understanding of the change he is leading, aware of the challenge and aware of the essence of Islam, where he described those who oppose the project of “Islamic awakening ” and the mixing of the sexes in work as“ extremism, ” saying: “These extremists are contrary to what the Prophet and the adult caliphs were like, ” and hinted at the imminence of allowing Saudi women not to wear the“ black cloak. ” It is a legal text that requires the abaya to be black or the veil to be black. ”
The decision to grant licenses to open cinemas in Saudi Arabia came after 40 years of prohibition, in addition to the decision to establish the General Entertainment Authority in Saudi Arabia.
Also, in the context of openness, in February 2020, several cultural bodies were established to take care of the Saudi cultural heritage, working to preserve and disseminate it at the national, regional and global levels after it was absent in light of the extremism prevailing in the Kingdom, and on the other hand to establish cultural sectors to contribute to economic diversification, including: the Heritage Authority, the Museums Authority, the Film Authority, the Music Authority and the Library Authority.
All this points to a young man who has a real intellectual approach and a strategy that clearly sees the future, knows how to go to it with the legacy of his country and its history.
A New Economy for Saudi Arabia
The most prominent project of the young crown prince is the "Saudi Vision 2030" plan, which aims to make the Saudi economy based on investment, in addition to not relying on oil as a basic and sole income, as he promised to end the relationship of dependence of the Saudi state on oil, which he described as "addiction".
The vision coincides with the date set for the announcement of the completion of the delivery of eighty giant government projects, which cost the least one of them the equivalent of four billion riyals.
Through this plan, and related programs, Mohammed bin Salman aims to increase Saudi non-oil revenues sixfold from about $43.5 billion annually to $267 billion annually.
In addition, the share of Saudi non-oil exports increased from 16% of Saudi GDP (in 2016) to 50% of Saudi GDP (in 2030).
As well as the giant NEOM project, the land of opportunities and dreams, announced by Prince Mohammed bin Salman in October 2017, which aspires to serve as a global commercial and economic capital that represents the spirit of the age associated with artificial intelligence.
NEOM is located in northwestern Saudi Arabia on an area of twenty-six thousand five hundred square kilometers in partnership with Egypt and Jordan.
Everything mentioned is just a tip of the iceberg, they are just examples to cite that the young prince has something beyond the youth and his enthusiasm, but he also has the vision and the necessary qualities and requirements to lead the change.

How has Vision 2030 affected women's rights and workforce participation?

Strengthened women's rights
gender equality

What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What has MBS done since becoming Crown Prince in Saudi Arabia?

What new permissions have Saudi women gained under Mohammed bin Salman's rule?

attend sporting events
Women gained permission to drive

MBS is curbing the Wahhabi establishment's influence by restricting the religious police and promoting moderate Islam.

How has the role of the Committee for the Promotion of Virtue and the Prevention of Vice changed under Muhammad bin Salman?

No longer acts as the de facto religious police.

Has been reduced to morality awareness campaigns and COVID-19 efforts.

What has MBS done since becoming Crown Prince in Saudi Arabia?

What is one of the first priorities of Vision 2030 regarding ideological extremism?

Combating extremist and ideological thinking

Avoiding actions that cause dissent, encourage violence, or spread dangerous ideas

The Saudi government has abolished the guardianship system, allowing women to travel and engage in activities without a male guardian's permission.

How has Saudi Arabia empowered women and increased their labor market participation under Vision 2030?

By removing restrictions on freedom of movement

How has Vision 2030 affected women's rights and workforce participation?

What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What has MBS done since becoming Crown Prince in Saudi Arabia?

The World Bank's 2022 report found Saudi Arabia made significant progress in women's rights, scoring 10 points higher than in 2020.

Title:

Content: Wu Qingling: The Changing Social Participation of Saudi Women
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In Saudi Arabia, the family structure still exists, and family support is important for women ’ s development.
In recent years, under the impetus of royal reformists, women have gained access to job opportunities, including sports.
In order to keep up with the development of modernization, Saudi women need to act and seize opportunities.
Since the oil boom in 1973, the lifestyle of women in Saudi Arabia, known as the oil kingdom and the Islamic alliance, has attracted much attention.
The social life of women has changed considerably in recent years as a result of King Salman's new policies.
In the World Bank ’ s Women, Business and Law Report 2022, Saudi Arabia scored 10 points higher than in 2020.
On January 5 this year, FIFA appointed a female international referee, Anoud al-Asmari, who was one of eight Saudis on the list of international experts announced by FIFA.
Saudi Arabia is a country with a unique traditional culture and way of life. Modernization has taken the path from a traditional nomadic tribal society to an industrialized and urbanized country. In the 1970s, oil nationalization changed the economic structure and relied on oil resources to become one of the countries with high per capita income.
Saudi Arabia in the 1980s was a mysterious and backward oil kingdom in the eyes of Westerners. Sandra Macdkey, author of The Saudis: Inside the Desert Kingdom, published in Boston in 1987, said: “Saudi women are victims of a rigid tradition that holds men to mythical superiority and controls the women responsible for their mythical honor. ” However, the employment rate of men is low, there are restrictions on women's employment, women's beauty salons and female television announcers have been eliminated, television is banned from showing women's images, and women's occupations are restricted to education and health care.
Women cannot drive cars alone and cannot travel without a male companion.
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How has Vision 2030 affected women's rights and workforce participation?

What are some of the key goals of Vision 2030 for society and economy?

allow recreational activities; Saudi women benefit from relaxed restrictions

What has MBS done since becoming Crown Prince in Saudi Arabia?

Saudi Arabia's Vision 2030 aims to increase female workforce participation to 30% by 2030.

Title:

Content: Saudi National Day: kingdom's women celebrate drive towards equal opportunity

Female executives cite "progressive leadership" for their achievements

Beta V.1.0 - Powered by automated translation

As they prepare for the 92nd Saudi National Day on Friday, Saudi women are celebrating the nation's progress and their rise to leadership positions across different sectors.

Saudi women have always coveted more visible and pertinent roles in society, and the kingdom's Vision 2030 is the catalyst that has made them possible.

Saudi Arabia had developed a diversified economy thanks to its “progressive leadership”, Dr Manar Al Moneef, Chief Investment Officer at the kingdom's $500 billion city of the future Neom, told The National.

“We are proud of the incredible accomplishments that have ignited the pride of our people all over the kingdom and we continue to strive for greatness,” she says.

“Neom will continue to be a powerful enabler” of the Saudi Vision 2030, she said.

Dr Manar believes Saudi Arabia is committed to women’s empowerment and has enabled women to obtain the “highest levels” of education and encouraged them to participate in various aspects of “economic, political, and social life”.

“As part of Vision 2030, I am grateful for the major reforms and the continuation of the leadership’s efforts to empower women to occupy leadership positions in various sectors.”

She said Neom’s approach is no different, “we are committed” to creating a working environment that supports, develops, and promotes equality and diversity”.

Vision 2030 aims to boost female participation in the workforce to 30 per cent by 2030.

Saudi women make up more than a third of the country's workforce, statistics released in March this year by the General Authority for Statistics show, a 17.4 per cent increase from five years ago.

Also, the female unemployment rate fell to its lowest level in 20 years in the first quarter of 2022.

Many female leaders attribute this achievement to the kingdom's ambitious programme to completely reshape its economy into one that is self-sufficient, progressive and diversified.

Saudi women have always demonstrated resolve and “Vision 2030 catalysed this determination into action”, said Dr May Taibah, board member and corporate financial controller at the Community Jameel Saudi Foundation.

She has been working in social enterprise for more than a decade, most recently with Bab Rizq Jameel Services and Nafisa Shams Academy for Arts and Crafts.

Vision 2030 caters to the diverse needs of Saudi Arabia’s citizens, as it enables every member of society, “especially women,” to be veritable contributors to the country’s socio-economic growth, she said.

“This gives me a front-row seat to witness first-hand the impact of collaboration between the public, private, and governmental sectors in fuelling human capability,” she told The National. “It is truly inspirational what can be achieved through the right support framework.”

In the first quarter of 2022, the percentage of women in middle management and senior positions rose from 28.6 per cent compared with 39 per cent in first quarter of 2017, the Ministry of Human Resources and Social Development said.

However, the exponential value added by the growth of the female workforce in the kingdom was not limited to statistics and numbers, said Deema Al Bashrawi, Head of Operations at Tanmiah, a manufacturer and distributor of food and agricultural products.

She attributed her professional success to a culmination of factors including the strength of the kingdom’s educational framework, which enabled her to earn a degree in economics, and the support of her family.

She added that “Tanmiah continues to support my sustained growth” since she joined in 2012 as a manager.

“Today, I look forward to continuing to serve my country, customers, partners, and investors as we continue to support the achievement of Saudi Arabia’s goals towards improving food security, reducing waste, and achieving self-sufficiency,” Ms Al Bashrawi said.

Dr Taibah believes that an entrepreneurial mindset is vital to prosperity and extends beyond entrepreneurship.

“The value extends beyond that, to the personal stories of lives, businesses and industries transformed through supportive socio-economic empowerment across the entire framework,” she told The National.

The World Bank’s Women, Business and Law report for 2020 and 2021 found that Saudi Arabia was among the top countries when it came to implementing reforms and rights related to women.

“Vision 2030 was developed to extend equal support, whether a person is a craft worker, start-up CEO or employee,” Dr Tabiah said.

The Ministry of Human Resources and Social Development introduced policies that promote inclusivity, and diversity in the labour market.

These were “to enhance the positive image of women in the workplace, and to create a supportive and inclusive environment to facilitate women’s entry into the labour market”, a ministry representative said earlier this year.

“Crown Prince Mohammed bin Salman has been a champion for women's progress and has helped empower women in the labour market by giving us ease of running businesses and authority which does not require a man,” said Ghalia Abdul, who runs a retail store in Jeddah.

Women's right to drive, travel and run their own businesses had helped her to hire more female workers in the last four years, Ms Abdul said.

The Arab Institute for Women’s Empowerment has said that investing in targeted training for Saudi women would have a return on investment of $400 billion by 2030.

“Most young Saudis have an entrepreneurial spirit and the new changes have helped people like me not just run my own business, but also contribute to the economy and create jobs for women,” Ms Abdul added.

Updated: September 22, 2022, 5:15 AM
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What has MBS done since becoming Crown Prince in Saudi Arabia?

The female unemployment rate in Saudi Arabia has fallen to a 20-year low, with women making up over a third of the workforce, a 17.4% increase from five years ago.

How has Vision 2030 affected women's rights and workforce participation?

And women's workforce participation doubled to 36%

What has MBS done since becoming Crown Prince in Saudi Arabia?

The long-term sustainability of the reforms faces challenges from economic instability, social unrest, and potential resistance from the Wahhabi establishment.

Title:

Content: Moderate ideology: The silent Saudi revolution

Sports events, movie screenings, art exhibitions and music concerts are becoming increasingly common in the kingdom, and Saudi citizens are lapping them all up.

Published: 25th July 2023 12:34 AM  |   Last Updated: 25th July 2023 12:45 AM   |  A+A-

It has been ‘work in progress’ for some time now. Saudi Arabia is changing the tone and texture of its ideology from what has always been considered obscurantist to something that keeps with the times. Sports events, movie screenings, art exhibitions and music concerts are becoming increasingly common in the kingdom, and Saudi citizens are lapping them all up.

The kingdom has rapidly secured its position as a centre for cultural events, art exhibitions and film screenings. The nation’s Vision 2030 envisages and fully supports the expansion of the entertainment market to SR30 billion. Almost every domain of entertainment for which Saudi citizens earlier travelled far and wide is now available at home. This is thanks to a break from the past that the de facto ruler, Mohammad bin Salman (MbS), the Crown Prince, has initiated. It makes eminent sense in a nation seeking to develop itself beyond the energy sector with three visionary themes: a vibrant society, a thriving economy and continuity in terms of ambition in comprehensive development.

All this translates into a modern civilisational outlook with technology, intellectualism, private investment, trade, tourism, academics and more, all becoming the prime domains of functioning. The traditional worldwide perception of Saudi Arabia as the centre of the obscurantist ideology of Islam and a nation with an anti-reformist outlook has persisted, and not without reason. A brief understanding of this is important to appreciate the degree of change that Prince MbS has been able to generate.

As the custodian of the Holy Shrines of Mecca and Medina and the land where Islam’s first message was delivered, the Saudi rulers and clergy have always been all-powerful, even more so after adopting the core ideology expounded by Saudi thinker Muhammad ibn Abd al-Wahhab. There is a long history behind this.

A virtual pact between the powerful clergy and the Royal Family has existed to promote the Wahhabi ideology in return for the powers that the Royals enjoyed. The pact saw enhanced clergy power after 1979 when the Shia Revolution occurred in Iran, the Saudi Ikhwan attempted a takeover of the Holy Shrine at Mecca, and the Soviets invaded Afghanistan. Wahhabi ideology was about going back to the basics and making the faith much less tolerant by supporting ‘Takfir’, or the power of declaration of a believer as an apostate if Wahhabi tenets are not adhered to. The militant part of the ideology started to come to the fore after 1979. From segments of the Arab world to Afghanistan, Pakistan, parts of India, Indonesia, Philippines and other Southeast Asian nations, militancy promoting the Saudi brand flourished, giving rise to the notion of a clash of civilisations.

Saudi Arabia’s energy resources always dictated US policy. A grey zone existed here with simultaneous US support to Israel and Saudi Arabia, stacked primarily against Iran and the collective Arab will against Israel. A couple of factors brought the trigger for change. Among them were the discovery of shale gas in the US and the progressive decline in US dependency on Saudi energy resources. Second was the dwindling Saudi economy and the realisation that in an energy-based economy, without expansion into other domains of economic development, such as trade, technology, tourism, investments, entertainment and intellectual research, Saudi Arabia would waste its opportunities and resources. The tremendous advantage of being the centre of the Islamic world could give it enduring leadership status if it could neutralise the rising militancy within Islam. Nations all around, such as the UAE, had fully utilised their possessions and drawn major economic attraction due to pragmatism followed in all domains, including faith issues. The position of women in Saudi society, in particular, had a damning effect on the nation.

Nothing changes without a leader and a vision. Saudi Arabia was fortunate to get MbS, although his personal equation with the US has remained strained for various reasons, not the least being the Khashoggi factor. However, none of that has affected his intent of modernising the nation and for that, a more moderate form of Islam within the kingdom is necessary. To his credit, he has convinced the clergy of the need to follow his vision, which will also project Islam differently to many others who follow the Saudi guidelines on faith.

Sheikh Mohammed bin Abdul Karim Al-Issa, from Saudi Arabia, who recently visited New Delhi for six days, is the Secretary General of the Muslim World League. The organisation was once at the forefront of promoting obscurantist ideology but is now transformed, as is evident from Sheikh al Issa’s message in New Delhi. The Sheikh’s belief which he transparently shared is that a whole generation of Muslims has grown up with an ideology that has given them a negative view of other faiths and an intolerantly sectarian understanding of their own.

In his several meetings with intellectuals, leaders and clergy from diverse faiths in India, he emphasised the role of the clergy in any faith. He admitted that Islam had earned a bad name for itself due to the acts of a few and the refusal of the followers to condemn those acts. He spoke of the role of family and education and decried religious teachers’ unsupervised education of young Muslim children. He mentioned that when intolerance and militancy were rising, people feared confronting them. His most poignant argument was that such obscurantism and militancy cannot be eliminated in the typical military way; they have to be removed from the roots by narratives stronger than the ones expounded.

Sheikh Al-Issa’s visit to India was symbolic of what appears to be the fading of the intolerant and militant element of Islam, but we cannot read too much into this. That change is taking place at the ideological centre is positive, but there is no guarantee of permanency. It is also not necessary that the message from Saudi Arabia is gelling with the vast Muslim populations worldwide. These populations are enmeshed with their local cultures and unlikely to follow examples. What is true is that a message supporting reformation has emanated from the nation considered the custodian of the shrines and, by many, of the faith. Nurturing this and taking it beyond is now the challenge.

Lt Gen Syed Ata Hasnain (Retd)

Former Commander, Srinagar-based 15 Corps. Now Chancellor, Central University of Kashmir

(atahasnain@gmail.com)

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The success of the reforms depends on the Saudi government's ability to address challenges and ensure sustainability.

Title:

Content: Economic Resilience and Sustainable Development
|
The Kingdom adopts a comprehensive sustainable development policy and various economic reform concepts in order to achieve outstanding standards, objectives and results in all vital sectors that support GDP figures and increase the size of state revenues. The results achieved by the Saudi economy during 2023 are a reflection of the historic achievement it witnessed.
But it was different in the Saudi case first thanks to God, and then thanks to the wise guidance of the Custodian of the Two Holy Mosques King Salman bin Abdulaziz and the leadership of Crown Prince Mohammed bin Salman, the Prime Minister, Saudi Arabia experienced challenges that began with the collapse of the oil market in 2015, at a time when the structure of the national economy was unfavorable at best. However, Vision 2030 launched in 2016, which set fiscal balance as a visible goal, government transformation as a medium goal, and financial sustainability as a long-term goal.
During its recent session, the Council of Ministers affirmed that the results achieved by the national economy during 2023 and the development plans, programs and projects that have been achieved will have the greatest impact in promoting the comprehensive economic development process in various regions of the Kingdom. Saudi Arabia will have a positive impact on all economic variables in the medium term - by 2023 - provided that several issues are achieved, the first of which is to continue pursuing expansionary policy, with the growth of government spending, activating initiatives to stimulate the private sector and supporting small and medium enterprises and export activity. The plan, which was developed about eight years ago, is bearing fruit today, despite the health crisis that caused a major economic closure, but the Kingdom raised the slogan of preserving achievements and strengthening the economy with unlimited support, enabling the economy to overcome successive global crises and challenges, to continue its outstanding performance - according to the General Budget Report - recording the highest growth rate in the G20 countries during 2022. Its nominal value exceeded $1 trillion for the first time historically, and the GDP of non-oil activities for the first quarter of 2023 grew by 5.4 per cent, and continued its positive performance during the second quarter with growth of 5.3 per cent, confirming the success of the Kingdom's efforts to enhance the role of the private sector and economic diversification.
Hence, all these successes came at a time when the global economy is suffering major and real problems in the supply chains, with geopolitical ones that led to the suspension of exports in many countries of the world, yet the Saudi economy remained one of the three global economies achieving strong growth, along with India and China, and the inflation rate fell to 2.6%, at a time when the countries of the world suffer high inflation exceeded 6%.
These historic results have laid a solid foundation for the achievements of the Vision programs praised by the Council of Ministers. This is the second dimension of the statement confirmed by the Council. The labor market is witnessing positive developments in response to reform plans during the past years. The overall unemployment rate in the second quarter of 2023 fell to 4.9% compared to 5.1% in the first quarter. More than two decades.
This coincides with the continuous and rapid growth witnessed by the private sector and small and medium enterprises, the growth of foreign direct investments by about 14.3 billion riyals during the first half of 2023, and the increase in the number of investment licenses by 60.4% to reach about 3,456 licenses during the first half of the year. 4% of the total bank credit, which is the culmination of the government's programs aimed at increasing the percentage of citizens' ownership of housing.
The Cabinet also praised the progress achieved by government entities in the Digital Transformation Measurement Index 2023, and the Kingdom ’ s achievement in the second place among the 20 countries in the Telecommunication and Technology Development Index issued by the International Telecommunication Union (ITU) for 2023.
In summary: This economic strength has given the Kingdom wide capacity and flexibility to continue achievements and push forward the path to the future to achieve the goals and implement financial policies to expand spending levels. Total expenditures are expected to reach about 1251 billion riyals in 2024 and reach about 1368 billion riyals in 2026. To empower the private sector and stimulate the investment environment, and continue to improve the system of support and social subsidies, and because what the vision promised has been achieved historically since its inception, and the present is witnessing achievements, we stand on the threshold of a prosperous future, under wise and inspiring leadership.
Publish it.


The global civil aviation industry is expected to need more than 43,500 new aircraft worth $7.2 trillion in the 20-year period to 2040, with a 3.1% annual growth in the global active fleet.

The demand for new aircraft is driven by the need for fleet renewal and long-term growth in demand in the remote passenger and cargo market, with single-aisle aircraft accounting for nearly 64% of the global passenger fleet.

The North American market has the highest demand for new aircraft, with 9,160 deliveries expected, followed by China with 8,700 deliveries.

The Asia Pacific, Europe, and North America regions will account for more than 80% of global low-cost airline capacity, driving demand for new single-aisle aircraft.

The report predicts long-term growth in the short-haul market, especially in emerging markets, with intra-regional short-haul travel accounting for more than half of the industry's total growth demand.

The share of Asian airlines in the global market is expected to continue to increase, with China's passenger share expected to grow from 15% in 2019 to 20% in 2040.

Major aircraft manufacturers such as Boeing and Airbus are investing heavily in research and development to improve the efficiency and sustainability of their aircraft.

Boeing is focusing on the development of its 787 Dreamliner and 737 MAX programs, which are designed to be more fuel-efficient and environmentally friendly.

Airbus, on the other hand, is investing in the development of its A350 and A320neo programs, which are also designed to reduce fuel consumption and emissions.

The use of advanced materials and technologies such as composite materials and electric propulsion systems is also becoming increasingly important in the industry.

Regional market dynamics are also playing a key role in the competitive strategies of major aircraft manufacturers, with Asia-Pacific and Latin America expected to be key growth markets in the coming years.

The rise of new entrants in the market, such as China's COMAC and Russia's Irkut, is expected to significantly impact the competitive landscape of the industry, as these companies are developing new aircraft models that are designed to be more fuel-efficient and cost-effective.

The entry of COMAC and Irkut into the market is likely to increase competition for established manufacturers such as Boeing and Airbus, which have traditionally dominated the global aircraft market.

The aviation industry is expected to experience significant changes in the coming decades, driven by emerging technologies such as electric propulsion systems and advanced materials, which will impact the competitive strategies of major aircraft manufacturers.

Major aircraft manufacturers, including Boeing and Airbus, are investing heavily in research and development to integrate these emerging technologies into their products and stay competitive in the market.

The aircraft manufacturing industry is experiencing a significant shift towards greater efficiency and sustainability, driven by increasing demand for fuel-efficient aircraft and growing concerns about environmental impact.

The key factors driving regional market dynamics in the aircraft manufacturing industry include government regulations, economic conditions, and infrastructure development, which vary significantly across different regions.

Overall, the aviation industry is expected to undergo significant changes in the coming decades, driven by emerging technologies and shifting regional market dynamics, and companies that are able to adapt and invest in these areas are likely to be well-positioned for success.

The global civil aviation industry is expected to need more than 43,500 new aircraft worth $7.2 trillion in the 20-year period to 2040, with a 3.1% annual growth in the global active fleet.

Title:

Content: China surging news reported on the 15th, the United States Boeing released the 2021 version of the "Civil Aviation Market Forecast" report on the 14th, noting that basically, the global market is recovering according to the company's 2020 expectations.
The recovery in domestic air travel demand is leading the trend, with the interregional market expected to recover with the relaxation of hygiene and travel restrictions, and eventually remote international travel will return to pre-pandemic levels in 2023-2024.
In the next 20 years, the demand for new aircraft will reach 43,610, the highest in the North American market is 9,160, and the demand in China is 8,700.
The report pointed out that the economic recovery has laid the foundation for a rebound in air passenger traffic, and the future prospects for air passenger traffic will remain stable.
Looking forward to 2025, GDP will increase by more than 15% compared to 2019, and GDP per capita will increase by about 10%.
The 21-year average passenger flow growth from 2019 to 2040 is expected to be 4%, in line with last year ’ s forecast, indicating that the basic global demand for air transport has not changed.
The report predicts that due to cyclical and structural market dynamics, the future air cargo market demand is strong, and full cargo aircraft is a significant growth area, including original cargo aircraft and modified cargo aircraft are forecast to increase from the previous year.
Thanks to the growth of e-commerce and the speed and reliability of air cargo, the world cargo fleet will increase from about 2,000 in 2019 to about 3,400, and the sustainable demand for air cargo will increase the global cargo fleet by more than 70% compared to the pre-pandemic size by 2040.
Notably, the report predicts that the world will need 19,000 civilian aircraft worth $3.2 trillion in the next 10 years, and demand for more than 43,500 new aircraft worth $7.2 trillion in the 20-year period to 2040, an increase of about 500 over the previous year ’ s forecast.
Among them, as of 2040, the demand for regional jets is 2,390, single-aisle aircraft 32,660, wide-body aircraft 7670, wide-body cargo aircraft 890, and aircraft demand totals 43,610.
The North American market has the highest demand, at 9,160, and the Chinese demand is 8,700.
This demand will lead to a 3.1% annual growth in the global active fleet, with the global civil aviation fleet set to surpass 49,000 by 2040, China, Europe, North America and Asia Pacific each accounting for 20% of new aircraft deliveries, with the remaining 20% going to emerging markets.
Traffic disruptions have a significant impact on aircraft deliveries and active fleets due to the pandemic. The report anticipates that the civil aviation industry will need more than 7,500 new wide-body aircraft by 2040 to meet fleet renewal and long-term growth in demand in the remote passenger and cargo market.
These demand increased slightly from the previous year, but decreased by 8% from 2019.
At present, single-aisle aircraft account for nearly 64% of the global passenger fleet, and single-aisle aircraft account for the largest proportion of new aircraft deliveries, roughly in line with pre-pandemic forecasts, accounting for 75%, and demand for more than 32,500 aircraft over the next 20 years.
The report notes that global demand for new single-aisle aircraft is driven by the size and flexibility of single-aisle aircraft.
In the future, these new single-aisle aircraft will continue to promote the development of low-cost airlines and provide the needed alternatives for older, less efficient aircraft.
The three regional markets for the new single-aisle aircraft are Asia Pacific, Europe and North America, which account for more than 80% of global low-cost airline capacity in 2019 and throughout the forecast period.
In addition, the report predicts long-term growth in the short-haul market, especially in emerging markets, and predicts that intra-regional short-haul travel accounts for more than half of the industry ’ s total growth demand, with inbound travel alone accounting for 17% of the industry ’ s new capacity.
Historically, excursions have been spurred by improved services, such as new direct routes and lower fares through low-cost airlines.
The report predicts that the share of Asian airlines in the global market will continue to increase, with China ’ s passenger share expected to grow from 15% in 19 years to 20% in 2040, and Asia Pacific ’ s passenger share expected to grow from 18% in 19 years to 21%.
# Growth # Planes # Forecasts # Future # Markets

The demand for new aircraft is driven by the need for fleet renewal and long-term growth in demand in the remote passenger and cargo market, with single-aisle aircraft accounting for nearly 64% of the global passenger fleet.

The North American market has the highest demand for new aircraft, with 9,160 deliveries expected, followed by China with 8,700 deliveries.

The Asia Pacific, Europe, and North America regions will account for more than 80% of global low-cost airline capacity, driving demand for new single-aisle aircraft.

The report predicts long-term growth in the short-haul market, especially in emerging markets, with intra-regional short-haul travel accounting for more than half of the industry's total growth demand.

The share of Asian airlines in the global market is expected to continue to increase, with China's passenger share expected to grow from 15% in 2019 to 20% in 2040.

Major aircraft manufacturers such as Boeing and Airbus are investing heavily in research and development to improve the efficiency and sustainability of their aircraft.

Title:

Content: Aviation industry calls for accelerated support to achieve zero emissions by 2050
The survey showed that participants are unanimous in achieving and investing in sustainability
Praying for Mahmood
3: 23 PM, Thursday, 15 Jun 23
GE Aerospace has conducted a survey of 325 aviation decision-makers from six countries, including the UAE, as the aviation sector prepares to participate in the Paris Air Show next week and the Dubai Airshow next November.
The survey showed a consensus on achieving and investing in sustainability, while stressing the need to accelerate support to reach the sector ’ s overall goal of net zero emissions by 2050.
The survey, conducted by French pollster Ipsos on behalf of GE Aerospace, also showed that the vast majority of companies said they were translating their sustainability strategies into reality, with 76% of respondents believing that sustainability has radically changed the way they work in the aviation industry, and the majority of those committed to sustainability strategies indicated that their companies ’ investments in sustainability will grow or remain constant despite rising inflation and recession risks.
Almost a third of respondents (30%) considered achieving the aviation sustainability goal the biggest challenge today, surpassing supply chain (19%) and business problems (11%), reflecting the industry ’ s strong drive for sustainability, and its companies and various organizations to reach net zero carbon emissions by 2050.
The majority (88%) also reported that their companies are actually implementing sustainability strategies, and most said that these strategies have significantly or moderately affected their company ’ s work (74%), their investment (73%), and their employment policy (62%).
Allen Paxson, vice president and general manager of commercial program strategy at GE Aerospace, said the survey results demonstrate the aviation industry ’ s commitment to achieving its goal of net carbon emissions by 2050 and the need for the industry to quickly receive the necessary support from various stakeholders to reach this goal.
Together with our industry partners responsible for operating three quarters of the world ’ s flights, we understand our responsibility to address the challenges facing the aviation industry in more sustainable and efficient ways to meet the requirements of our customers. ”
While 46% of respondents said the aviation sector would achieve its goal of net zero carbon emissions by 2050, 32% said it would not, and 22% questioned the possibility of this happening.
On average, respondents said the aviation industry would meet its target by 2055 due to significant hurdles of rising costs, budget pressure, supply chain problems and energy resources.
29% of respondents chose the government as the external group exerting the most pressure to accelerate sustainability, with 61% showing a preference for incentive and policy support approaches over mandates and regulations.
The most important task for the government to achieve the 2050 target is to boost investment in sustainable jet fuel, survey respondents said.
GE Aerospace began testing sustainable aviation fuel in 2007, and today, all engines produced by the company and its partners can be powered using certified sustainable aviation fuel blends.
The company and its customers and partners are developing more efficient equipment, investing $2 billion in aviation research and development in 2022.
CFM International, a joint venture between GE and Safran aircraft engines equally, aims to reduce fuel consumption and emissions by 20% in one generation compared to existing aircraft engines, through its revolutionary Sustainable Engines Innovation Program (CFMRise).
GE Aerospace is collaborating with NASA and Boeing to develop a megawatt hybrid electric powertrain as part of its Electrified Powertrain Flight Demonstration project.
CFM International is also planning to develop a hydrogen combustion engine for ground and air tests using Airbus aircraft.
Praying for Mahmood
3: 23 PM, Thursday, 15 Jun 23

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

Boeing is focusing on the development of its 787 Dreamliner and 737 MAX programs, which are designed to be more fuel-efficient and environmentally friendly.

Airbus, on the other hand, is investing in the development of its A350 and A320neo programs, which are also designed to reduce fuel consumption and emissions.

The use of advanced materials and technologies such as composite materials and electric propulsion systems is also becoming increasingly important in the industry.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is working on adopting innovative strategies.

It is making efforts to improve aircraft efficiency.

Regional market dynamics are also playing a key role in the competitive strategies of major aircraft manufacturers, with Asia-Pacific and Latin America expected to be key growth markets in the coming years.

The rise of new entrants in the market, such as China's COMAC and Russia's Irkut, is expected to significantly impact the competitive landscape of the industry, as these companies are developing new aircraft models that are designed to be more fuel-efficient and cost-effective.

The entry of COMAC and Irkut into the market is likely to increase competition for established manufacturers such as Boeing and Airbus, which have traditionally dominated the global aircraft market.

The aviation industry is expected to experience significant changes in the coming decades, driven by emerging technologies such as electric propulsion systems and advanced materials, which will impact the competitive strategies of major aircraft manufacturers.

Title:

Content: Dubai: Aerospace industry CEOs, executives, and officials will gather at the Dubai Airshow on November 14 as the pandemic’s first in-person aviation event takes off.

The air show, which will go on till November 18, will be the largest aerospace trade event to be held globally, with the cancellation of European shows Farnborough and Le Bourget in 2020 and 2021, respectively. The event, which is expected to pull in more than 85,000 visitors, will take place at its purpose-built venue -- Dubai Airshow Site -- at the Dubai World Central airport.

Also read

The mega event will have more than 1,200 exhibitors from 148 countries, displaying over 160 aircraft. It will also include a host of free-to-attend conferences featuring more than 250 industry experts who will share insights and trends across nine areas of expertise including cargo, sustainability, technology and space, among others.

Timothy Hawes, Managing Director at Tarsus Middle East, organisers of Dubai Airshow 2021 said: “The Dubai Airshow 2021 will be like no other – it is the first opportunity since the pandemic for industry professionals to come together again to share significant updates, game-changing initiatives, cutting-edge technologies and sustainable solutions set to revolutionise aviation. We stand at a unique moment in time after many aerospace businesses rapidly pivoted operations and invested in new technology to drive a new sustainable era for the industry.”

Dubai’s recovery

The air show comes as Dubai’s aviation sector bounces back from the pandemic, which led to the grounding of passenger jets and wiped out air travel demand across the world. Over the last year, Emirates and flydubai have slowly restored their networks as major markets opened for travel.

The Dubai Airshow is a testament to the emirate’s response to the pandemic, said Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation Authority, and Chairman and CEO of Emirates airline and group, during a media briefing earlier this month.

Dubai’s COVID-19 response was focused on “protecting the health and wellbeing of the people as a top priority, while minimising the impact of the crisis on the nation’s economy,” he had said.

Dubai’s aviation recovery is reflected in Emirates’ latest financial results. The airline posted an 81 per cent surge in its revenue to Dh24.7 billion in the April to September period this year. Emirates carried 6.1 million passengers between April 1 and September 30, 2021, up 319 per cent from the same period last year.

Focus on sustainability

Sustainability will be a top agenda for airlines at the air show amid increasing pressure from investors and activists to cut carbon emissions. The talk will mostly be about adopting more fuel-efficient aircraft and sustainable aviation fuels (SAFs).

In a landmark move in October, the International Air Transport Association (IATA) approved a resolution for the global air transport industry to achieve net-zero carbon emissions by 2050. The global aviation industry is responsible for around 2 per cent of all emissions – flights produced 915 million tonnes of carbon dioxide in 2019.

Cargo boom

Airlines will be in talks with the two major plane-makers – Boeing and Airbus – on potential freight aircraft orders amid a global supply crunch. “With international travel still severely depressed, there are fewer passenger planes offering belly capacity for cargo. And supply chain bottlenecks could intensify as businesses continue to ramp up production,” said Willie Walsh, IATA’s Director General, in a statement earlier.

Demand for freighters has gone through the roof during the pandemic with global consumers shopping online for everything from tech gadgets to groceries. Global demand, measured in cargo tonne-kilometers, was up 7.7 per cent compared to August 2019, according to the industry body.

Aircraft display

one of the biggest highlights of the show will be the static park and flying display, which will feature more than 175 of the world’s most advanced aircraft on ground and in the air. The Airshow will feature aerobatic displays from the UAE Air Force’s Fursan, the Russian Knights, the Saudi Hawks, Surya Kiran from India and the Sarang Team of the Indian Air Force. Checkmate, the next generation Sukhoi fighter jet will make its first international debut for the next generation Sukhoi fighter jet. The Boeing 777X and the Leonardo AW609 will also make debuts at this year’s Airshow.

Conferences

This year, Dubai Airshow has introduced a host of free-to-attend conferences featuring more than 250 industry experts, who will be providing more than 50 hours of invaluable insights and trends across nine tracks including cargo, sustainability, technology, and space among others.

VISTA

Aerospace startups will take part in the brand new startup hub where they will have the opportunity to showcase their breakthrough solutions, take part in pitch competitions with major local and global aerospace entities such as Etihad Airways, Mohammed Bin Rashid Space Centre (MBRSC), Amazon Web Services (AWS) and Boeing Applied Innovation. Entrepreneurs will also have the chance to get involved in mentorship programmes, workshops, and high-level networking with leading investors and accelerators.

There will be new aircraft demos from Bellwether Industries presenting the Antelope, an urban vertical take-off and landing vehicle with hidden propellers as well as Manta Aircraft’s ANN2, a two-seat model for personal air mobility with wide regional range at high speed.

Tech zone

Dubai Airshow 2021 will have a major focus on technology, providing a dedicated platform for showcasing the latest emerging technologies, including Artificial Intelligence (AI), 5G, cybersecurity and automation.

Dubai Airshow mobile application - A brand new feature for the show this year is the Dubai Airshow application, which harnesses the power of AI to facilitate business matchmaking based on profile and interest.

Major aircraft manufacturers, including Boeing and Airbus, are investing heavily in research and development to integrate these emerging technologies into their products and stay competitive in the market.

The aircraft manufacturing industry is experiencing a significant shift towards greater efficiency and sustainability, driven by increasing demand for fuel-efficient aircraft and growing concerns about environmental impact.

What impact shall the carbon tax to be imposed by EU in 2026 have on aircraft market?

It is conducive to the sales of new aircraft with better fuel efficiency.

What is Airbus doing to achieve sustainable aviation?

It is making efforts to improve aircraft efficiency.

The key factors driving regional market dynamics in the aircraft manufacturing industry include government regulations, economic conditions, and infrastructure development, which vary significantly across different regions.

Overall, the aviation industry is expected to undergo significant changes in the coming decades, driven by emerging technologies and shifting regional market dynamics, and companies that are able to adapt and invest in these areas are likely to be well-positioned for success.

Title:

Content: IIMB & TBS host eighth edition of International Conference on the Future of Aviation and Aerospace

The conference had keynote addresses and six expert panels on subjects, ranging from MROs to drones to talent management in the aviation sector

April 24, 2024 09:00 am | Updated 09:00 am IST - Bengaluru

Dignitaries from the event.  | Photo Credit: SPECIAL ARRAGEMENT

Over 300 senior executives from the aerospace and aviation sector participated in the 2024 edition of the International Conference on the Future of Aviation and Aerospace, hosted by IIM Bangalore and Toulouse Business School France, recently. The conference had keynote addresses and six expert panels on subjects, ranging from MROs to drones to talent management in the aviation sector.

The first panel on ‘The Impact of Macroeconomic Environment on Aviation and Aerospace’ featured Prof. Chetan Subramanian, RBI Chair Professor of Economics at IIMB, Dr. Srinivasan Dwarakanath, Former CEO & MD, Airbus India Operations, and Kallappa Pattada, Executive Director, Boeing India Engineering.

In his presentation on the macroeconomic view, Prof. Subramanian highlighted some of the headwinds like COVID, inflation caused by shortage of supply, wars and elections, and their connection with the aviation sector. Dr. Dwarkanath discussed the impact of black swan events like COVID, geopolitical challenges, currency rate, and regulatory environment on growth in the aerospace and aviation sector, said a release.

The panel on the ‘Future of Global and Local Aviation Market’ featured Dr. Srinivasan Dwarkanath, Former CEO & MD, Airbus India Operations, and Sunil Bhaskaran, Director, Air India Aviation Academy, and was moderated by Prof. S. Raghunath.

Sunil Bhaskaran, who spoke of the trends that will define the shape of the airline industry in the years to come, listed customer-centricity, data and analytics, sustainability, distribution capability, fleet and network, alliances and partnerships, and talent.

Amber Dubey, Senior Advisor, McKinsey & Company, and the man who piloted the drone policy for India as Joint Secretary, Ministry of Civil Aviation, Govt of India, commented, “The drone sector has grown exponentially, especially for use in agriculture. We were aiming at ‘har haath mein phone; har khet mein drone’. Women practising agriculture in villages are given training free of cost and incentivized to use this technology. The biggest benefit of drones is the ability to supply medicines in remote areas. But the biggest issue continues to be with security and tracking.”

The panel on ‘Fly Net Zero by 2050’ featured Chris Krishnaswamy, Systems Engineering Principal (Digital 145), Sasikumar Muthusamy, Senior Director, Global Engineering at Collins Aerospace, and Uma Maheshwar, Chief Consulting Engineer, GE Aerospace Engineering India, who discussed the challenges that disruptive technologies must overcome to reach net zero goals.

The other two panel discussions included, ‘High Stakes in the Sky’ and ‘The Era of the Evolved Employee.’

Among the dignitaries were the Consul General of France Thierry Berthelot, Prof. Christopher Benaroya, from Toulouse Business School France, and the top leadership of IIMB.

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Tai Chi, a centuries-old Chinese martial art, improves balance in older adults, reducing the risk of falls.

The exercise involves a series of traditional Chinese physical exercises that stimulate and stretch the muscles, tendons, joints, and bones in a gentle way.

Tai Chi reduces the risk of falls in older adults by improving their balance.

A review of 17 studies found that most fall-prevention exercise programs, including Tai Chi, reduced fall-related injuries and curbed falls leading to fractures and serious injuries.

Over 4,000 participants were involved in 17 studies examining whether fall-prevention exercises reduce seniors' risk of fractures and injuries.

Tai Chi showed promise in improving balance and reducing falls in two studies.

Tai Chi is an effective exercise for fall prevention in older adults, although the optimal practice frequency and duration are unclear.

Tai Chi's slow movements, deep breathing, and meditation improve flexibility, strength, and physical function, reducing fall risk and enhancing balance.

Tai Chi's slow movements challenge balance control, improve proprioception, and enhance neuromuscular coordination to prevent falls.

Tai Chi practice reduces stress and anxiety, improving focus and mental well-being, and lowering the risk of falls.

Modifications like reducing movements, slowing pace, and using supportive devices can make Tai Chi more accessible for older adults with mobility or cognitive impairments.

Tai Chi appears to improve balance and reduce fall risk in older adults, but more research is needed.

Tai Chi, a centuries-old Chinese martial art, improves balance in older adults, reducing the risk of falls.

Title:

Content: Learn about the sport of Tai Chi
The German health centre says Tai Chi is a centuries-old Chinese martial art, also known as shadow boxing.
It combines physical training, self-defense and meditation.
The focus of Tai Chi is on body tightening, mental alertness and breathing, the center explained, noting that motor training consists of a series of traditional Chinese physical exercises that flow smoothly with each other in order to achieve harmony between body and soul.
Muscle and Joint Stimulation
In this way all the muscles, tendons, joints and bones are stimulated and stretched in a gentle way.
The upright position of the back during exercise creates a stretching effect in the spine, relieving pressure on the intervertebral discs.
The nervous system is also positively affected by the gentle posture of the back.
Studies have suggested that tai chi reduces the risk of falls in older adults thanks to its ability to improve their balance.
The sport also has a positive effect on degenerative arthritis, the symptoms of which are knee stiffness, pain and swelling.
Improve lung function
Tai chi is also beneficial for chronic obstructive pulmonary disease (COPD) as it improves lung function.
It is also useful for patients with Parkinson ’ s, which affects the nervous system and its symptoms are disorders of movement, tremor of the hands, stiffness and instability of the body position, where sports contribute to improving balance and mobility.
In addition, tai chi improves the cognitive functioning of the brain, making it also useful for dementia patients.
On the other hand, slow flowing movements have a relaxing and meditative effect, helping to feel relaxed, calm and psychologically comfortable.
Source: German

For which group is Tai Chi beneficial to?

It is very helpful for anyone looking to improve their stability.

What are some of the health benefit of Tai Chi according to Harvard Health?

What benefits does Tai Chi haves for healthy aging?

It helps to improve factors linked to a longer life like mobility.

It helps to improve factors linked to a longer life like stability.

It helps to improve factors linked to a longer life like balance.

What did some studies show about Tai Chi's health benefit?

It limits the danger of falls among the elderly.

It improves the balance of older people.

What did the Chinese Center for Disease Control and Prevention advise elderly people to practice?

What do orthopedic specialists say about the benefits of learning Tai Chi?

Excercises like the horse stance in Tai Chi that can help prevent falls.

What have studies shown about Tai Chi's health benefit?

It can effectively improve the movement symptoms that may cause falls of elderly patients.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

The exercise involves a series of traditional Chinese physical exercises that stimulate and stretch the muscles, tendons, joints, and bones in a gentle way.

What are some of the health benefit of Tai Chi according to Harvard Health?

Improved flexibility
Improved muscle strength

What benefits does Tai Chi haves for healthy aging?

It helps to improve factors linked to a longer life like mobility.

What did the Chinese Center for Disease Control and Prevention advise elderly people to practice?

What does Ruth Taylor-Piliae of University of Arizona's College of Nursin say about Tai Chi?

She tells NPR that Tai Chi's gentle, slow movements and controlled breathing tend to activate what's known as the parasympathetic nervous system, which relaxes the body during times of stress.

What excercises shall aid in Alzheimer's and dementia prevention?

What health advantages have been linked to regular practice of Tai Chi?

Tai Chi reduces the risk of falls in older adults by improving their balance.

For which group is Tai Chi beneficial to?

It is very helpful for anyone looking to improve their stability.

What are some of the health benefit of Tai Chi according to Harvard Health?

What benefits does Tai Chi haves for healthy aging?

It helps to improve factors linked to a longer life like mobility.

It helps to improve factors linked to a longer life like stability.

It helps to improve factors linked to a longer life like balance.

What did some studies show about Tai Chi's health benefit?

It limits the danger of falls among the elderly.

It improves the balance of older people.

What do orthopedic specialists say about the benefits of learning Tai Chi?

Excercises like the horse stance in Tai Chi that can help prevent falls.

What have studies shown about Tai Chi's health benefit?

It can effectively improve the movement symptoms that may cause falls of elderly patients.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

A review of 17 studies found that most fall-prevention exercise programs, including Tai Chi, reduced fall-related injuries and curbed falls leading to fractures and serious injuries.

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Content: Exercise programs meant to prevent falls in seniors may also help prevent injuries caused by falls, according to a new review.

Fall-related injuries are common among seniors and a major cause of long-term pain and disability. They also increase the risk of having to go to a nursing home and have a high economic cost.

The new findings, published online Oct. 29 in the journal bmj.com, suggest that "reducing the risk of falling and improving protective responses during a fall may be an important and feasible means of preventing fractures and other serious injuries in the elderly," the study authors wrote in a journal news release.

Well-designed exercise programs can prevent falls in seniors living at home, but there is a lack of evidence on whether such programs can help prevent fall-related injuries, said French researchers Fabienne El-Khoury and colleagues.

In this review, they analyzed 17 studies that looked at whether fall-prevention exercises lowered seniors' risk of fractures and other injuries caused by falls. More than 4,000 participants were involved in all.

Tai Chi was the exercise in two of the studies, but most of them used gait, balance, strength and functional training, which involves workouts that help people do normal daily activities.

Most of the programs reduced fall-related injuries and appeared to significantly curb falls that lead to fractures, serious injuries and medical care.

Balance training was emphasized in all of the exercises that were effective in preventing falls, the researchers noted.

More information

The U.S. National Institute on Aging has more about older adults and falls.

Latest videos

For which group is Tai Chi beneficial to?

It is very helpful for anyone looking to improve their stability.

What are some of the health benefit of Tai Chi according to Harvard Health?

What benefits does Tai Chi haves for healthy aging?

It helps to improve factors linked to a longer life like stability.

It helps to improve factors linked to a longer life like balance.

What did some studies show about Tai Chi's health benefit?

It limits the danger of falls among the elderly.

It improves the balance of older people.

What do orthopedic specialists say about the benefits of learning Tai Chi?

Excercises like the horse stance in Tai Chi that can help prevent falls.

What have studies shown about Tai Chi's health benefit?

It can effectively improve the movement symptoms that may cause falls of elderly patients.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

Over 4,000 participants were involved in 17 studies examining whether fall-prevention exercises reduce seniors' risk of fractures and injuries.

Tai Chi showed promise in improving balance and reducing falls in two studies.

For which group is Tai Chi beneficial to?

It is very helpful for anyone looking to improve their stability.

What are some of the health benefit of Tai Chi according to Harvard Health?

What benefits does Tai Chi haves for healthy aging?

It helps to improve factors linked to a longer life like mobility.

It helps to improve factors linked to a longer life like stability.

It helps to improve factors linked to a longer life like balance.

What did some studies show about Tai Chi's health benefit?

It limits the danger of falls among the elderly.

It improves the balance of older people.

What do orthopedic specialists say about the benefits of learning Tai Chi?

Excercises like the horse stance in Tai Chi that can help prevent falls.

What have studies shown about Tai Chi's health benefit?

It can effectively improve the movement symptoms that may cause falls of elderly patients.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

Tai Chi is an effective exercise for fall prevention in older adults, although the optimal practice frequency and duration are unclear.

For which group is Tai Chi beneficial to?

It is very helpful for anyone looking to improve their stability.

What are some of the health benefit of Tai Chi according to Harvard Health?

What benefits does Tai Chi haves for healthy aging?

It helps to improve factors linked to a longer life like mobility.

It helps to improve factors linked to a longer life like stability.

It helps to improve factors linked to a longer life like balance.

What did some studies show about Tai Chi's health benefit?

It limits the danger of falls among the elderly.

It improves the balance of older people.

What did the Chinese Center for Disease Control and Prevention advise elderly people to practice?

What do orthopedic specialists say about the benefits of learning Tai Chi?

Excercises like the horse stance in Tai Chi that can help prevent falls.

What have studies shown about Tai Chi's health benefit?

It can effectively improve the movement symptoms that may cause falls of elderly patients.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

Tai Chi's slow movements, deep breathing, and meditation improve flexibility, strength, and physical function, reducing fall risk and enhancing balance.

For which group is Tai Chi beneficial to?

It is very helpful for anyone looking to improve their stability.

What are some of the health benefit of Tai Chi according to Harvard Health?

Improved flexibility
Improved balance
Improved muscle strength

What benefits does Tai Chi haves for healthy aging?

It helps to improve factors linked to a longer life like mobility.

It helps to improve factors linked to a longer life like stability.

It helps to improve factors linked to a longer life like balance.

What did some studies show about Tai Chi's health benefit?

It limits the danger of falls among the elderly.

It improves the balance of older people.

What do orthopedic specialists say about the benefits of learning Tai Chi?

Excercises like the horse stance in Tai Chi that can help prevent falls.

What have studies shown about Tai Chi's health benefit?

It can effectively improve the movement symptoms that may cause falls of elderly patients.

What health advantages have been linked to regular practice of Tai Chi?

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

Tai Chi's slow movements challenge balance control, improve proprioception, and enhance neuromuscular coordination to prevent falls.

For which group is Tai Chi beneficial to?

It is very helpful for anyone looking to improve their stability.

What are some of the health benefit of Tai Chi according to Harvard Health?

What benefits does Tai Chi haves for healthy aging?

It helps to improve factors linked to a longer life like mobility.

It helps to improve factors linked to a longer life like stability.

It helps to improve factors linked to a longer life like balance.

What did some studies show about Tai Chi's health benefit?

It limits the danger of falls among the elderly.

It improves the balance of older people.

What do orthopedic specialists say about the benefits of learning Tai Chi?

Excercises like the horse stance in Tai Chi that can help prevent falls.

What have studies shown about Tai Chi's health benefit?

It can effectively improve the movement symptoms that may cause falls of elderly patients.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

Tai Chi practice reduces stress and anxiety, improving focus and mental well-being, and lowering the risk of falls.

For which group is Tai Chi beneficial to?

It is very helpful for anyone looking to improve their stability.

What are some of the health benefit of Tai Chi according to Harvard Health?

What benefits does Tai Chi haves for healthy aging?

It helps to improve factors linked to a longer life like stability.

It helps to improve factors linked to a longer life like balance.

What did some studies show about Tai Chi's health benefit?

It limits the danger of falls among the elderly.

It improves the balance of older people.

What do orthopedic specialists say about the benefits of learning Tai Chi?

Excercises like the horse stance in Tai Chi that can help prevent falls.

What does Ruth Taylor-Piliae of University of Arizona's College of Nursin say about Tai Chi?

She tells NPR that Tai Chi's gentle, slow movements and controlled breathing tend to activate what's known as the parasympathetic nervous system, which relaxes the body during times of stress.

What have studies shown about Tai Chi's health benefit?

It can effectively improve the movement symptoms that may cause falls of elderly patients.

What health advantages have been linked to regular practice of Tai Chi?

Lower stress levels.
An overall sense of well-being.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

Modifications like reducing movements, slowing pace, and using supportive devices can make Tai Chi more accessible for older adults with mobility or cognitive impairments.

Tai Chi appears to improve balance and reduce fall risk in older adults, but more research is needed.

For which group is Tai Chi beneficial to?

It is very helpful for anyone looking to improve their stability.

What are some of the health benefit of Tai Chi according to Harvard Health?

What benefits does Tai Chi haves for healthy aging?

It helps to improve factors linked to a longer life like mobility.

It helps to improve factors linked to a longer life like stability.

It helps to improve factors linked to a longer life like balance.

What did some studies show about Tai Chi's health benefit?

It limits the danger of falls among the elderly.

It improves the balance of older people.

What did the Chinese Center for Disease Control and Prevention advise elderly people to practice?

What do orthopedic specialists say about the benefits of learning Tai Chi?

Excercises like the horse stance in Tai Chi that can help prevent falls.

What have studies shown about Tai Chi's health benefit?

It can effectively improve the movement symptoms that may cause falls of elderly patients.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.

For which group is Tai Chi beneficial to?

It is very helpful for anyone looking to improve their stability.

What are some of the health benefit of Tai Chi according to Harvard Health?

What benefits does Tai Chi haves for healthy aging?

It helps to improve factors linked to a longer life like mobility.

It helps to improve factors linked to a longer life like stability.

It helps to improve factors linked to a longer life like balance.

What did some studies show about Tai Chi's health benefit?

It limits the danger of falls among the elderly.

It improves the balance of older people.

What did the Chinese Center for Disease Control and Prevention advise elderly people to practice?

What do orthopedic specialists say about the benefits of learning Tai Chi?

Excercises like the horse stance in Tai Chi that can help prevent falls.

What have studies shown about Tai Chi's health benefit?

It can effectively improve the movement symptoms that may cause falls of elderly patients.

Why did the Chinese Center for Disease Control and Prevention advise elderly people to practice Tai Chi?

Because it can prevent falls that may result in fracture.