2018 Arab News June 30, 2018 19:32 153 JEDDAH: Abdul-Hakim Al-Tamimi, chairman of the General Authority of Civil Aviation (GACA), signed a memorandum of understanding (MoU) with the US Federal Aviation Administration represented by its deputy administrator, Carl E. Burleson. The meeting took place at the Federal Administration’s headquarters in Washington, DC. The agreement comes within the framework of cooperation between the two parties in the field of civil aviation and their desire to enhance it. This cooperation is built on the basis of mutual benefit, mutual respect and according to the laws, regulations and instructions adopted in both countries. The memorandum of agreement aims to develop training and capacity-building in the various aviation sectors and in the fields of safety, security and environmental protection. It also addresses privatization, revenue sharing, project financing and the establishment of civil aviation research centers and their development. On Friday, the GACA, in cooperation with the Saudi-Arabian Business Council, discussed investment opportunities in the Kingdom at a round-table meeting with major American civil aviation companies. More than 50 representatives of relevant administrations in the authority — including airports, communications and information technology, economic policies and air transport — along with the Saudi Academy of Civil Aviation also took part in the meeting. Companies were introduced to updates on the development and investment environment in the Kingdom and investment opportunities in the civil aviation sector in line with the objectives of the Saudi Vision 2030, including the privatization opportunities the authority is working on.