The aviation investment meeting aimed at exploring investment opportunities and strengthening cooperation between the public and private sectors was held on Tuesday in Muscat. This meeting focused on opportunities related to land development and commercial and logistical activities around Muscat, Salalah, and Sohar airports, seeking to enhance the role of these airports as integrated economic hubs.
Important Agreements in the Meeting
During this meeting, several agreements and memorandums of understanding were signed. The Civil Aviation Authority of Oman signed a concession agreement with Oman Airports for the operation, management, and development of Muscat International Airport, Salalah Airport, and Sohar Airport for a period of 35 years. This agreement aims to manage Oman's airports in accordance with global best practices in airport facility management and ground services, as well as to enhance safety and security.
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The goal of this agreement is to transform the airports into integrated logistical and commercial hubs and to improve the quality of services provided to passengers and airlines through modern solutions and innovative technologies. Additionally, this agreement aims to empower and train the national workforce and increase the rate of Omanization in various technical and administrative sectors at the airports.
Development of Maintenance Services
The Civil Aviation Authority also signed an agreement with the Indonesian company GMF AeroAsia for the operation and management of aircraft maintenance facilities at Muscat International Airport for a period of 20 years. This agreement is designed to provide heavy maintenance services and periodic inspections of the national, regional, and international fleet of aircraft.
The aim of this agreement is to turn Muscat International Airport into an integrated regional center for aviation services and maintenance by utilizing Oman's strategic location and transferring advanced knowledge and technologies in the maintenance of structural, engine, and electronic systems. Additionally, creating specialized job opportunities for national workforce is another goal of this agreement.
During this meeting, an agreement was also signed regarding student training between the Oman Aviation Academy and the Arab Aviation Academy for collaboration in student education. Furthermore, a memorandum of understanding was signed between GMF AeroAsia and Mac Aerospace International for business development in aircraft maintenance and wheel and brake services.
This meeting included a review of operational opportunities and foreign investment in Oman's airport system and investment models in emerging technologies and advanced air mobility (AAM). Efforts to redesign and improve the investment experience in the aviation sector, streamline procedures, and strengthen cooperation among relevant entities were also discussed.
In conclusion, the meeting included panel discussions titled "Investment in the Aviation Sector: Opportunities and Enablers" which examined the investor's journey from opportunity discovery to project launch and operation. This session addressed topics such as the investor's journey, capital and partnership, and the role of the national workforce in facilitating investment.
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