Transportation & Auto Roundup Industry Discussion

The most recent Market Talks about the transportation and auto industries. published at 4:20, 12:20, and 16:50 ET exclusively on Dow Jones Newswires.1421 Eastern Time – According to a recent report from Fitch Ratings, the Gulf Cooperation Council countries are preparing to grow their airports in anticipation of a rise in travel-related traveler traffic. According to Fitch, there will be significant growth in air traffic in the region, and infrastructure plans anticipate a doubling of air traffic by 2030.

According to Fitch, traffic at a sample of the region's airports in 2023 increased by roughly 20% from 2022 and by 8% from pre-Pandemic 2019 levels. According to the agency, Saudi Arabia has increased airport spending in anticipation of population and tourism development. According to Fitch, the GCC nations may be able to access a larger investor base and longer-term financing options by participating in the bond and sukuk markets.(wsj.com/stephen.nakrosis)