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Transferring ownership, management and development responsibility for Saudi airports to the Public Investment Fund

The head of the Civil Aviation Authority said that the ownership, management and development responsibility of Saudi airports will be transferred to the Public Investment Fund. He also said that airports in Dammam and Riyadh have been prepared for this.

Abdul Aziz Al Dulaij, head of the Civil Aviation Authority, said that the responsibility for ownership, management and development of airports in Saudi Arabia will be transferred to the Public Investment Fund. Starting in 2030 in Riyadh
King Salman Airport is targeting 12 crore passengers through four runways. By 2050, it will rise to around 18.5 crore passengers across six runways, he said.

Ownership including assets of all airports will be transferred to the Public Investment Fund. Airports in Dammam and Riyadh are ready for this. Currently, Saudi Airlines has 140 aircraft. But this number of planes is not enough to cover the geographical size of the country. He also hinted that Saudi Arabia is planning to start new airlines because of that. New airlines and public investment funds
Civil Aviation Chief Abdul Aziz Aldulaij said that it will be supervised.

Story Highlights: saudi airport aviation update

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