The General Authority of Civil Aviation (GACA) of the Kingdom of Saudi Arabia and the Ministry of Transport and Communications of the Republic of Finland have signed a memorandum of understanding (MoU) to regulate air transport.
The MoU also intends to approve an agreement in order to provide air services between the two countries.
According to the statement, the MoU aims to enhance Saudi-Finnish trade and raise the level of the Saudi-Finnish economic partnership, in which GACA participates along with 12 government agencies and 27 companies from the Saudi business sector.
The memorandum of understanding included the organizational clauses related to transport rights, the plurality of designating national carriers, determining the number of regular flights between the two sides, and commercial representation of airlines, in addition to strengthening bilateral cooperation in the field of air transport on the basis of mutual benefit, in accordance with the regulations, laws, and instructions in force in both countries.
“It also lays down regulatory frameworks for safe, orderly and sound air transport between the two sides in accordance with the principles established by Chicago International Treaty in 1944,” as per the statement.
Earlier this year, GACA signed a memorandum of understanding with Poland in order to organize the operational framework for air transport between the two countries. This MoU comes within the objectives of the strategy of the civil aviation sector, which aims to enhance the Kingdom’s air connectivity with more than 250 destinations worldwide and to be a global logistics platform.