Franchise registrations in Saudi Arabia surge 866% over 3 years    Lulu Saudi Arabia celebrates its 15th anniversary with the grand launch of 'Super Fest 2024'    Cristiano Ronaldo's double powers Al Nassr to 3-1 win over Al Gharafa in AFC Champions League    Culture minister tours Saudi pavilion at Expo 2025 Osaka    Al Ahli edges Al Ain 2-1, bolsters perfect start in AFC Champions League Elite    Saud Abdulhamid makes history as first Saudi player in Serie A    Saudi Cabinet to hold special budget session on Tuesday    King Salman orders extension of Citizen's Account Program and additional support for a full year    Al-Falih: 1,238 foreign investors obtain premium residency in Saudi Arabia    Several dead as Storm Bert wreaks havoc across Britain    Irish PM apologizes for walking away from care worker    Most decorated Australian Olympian McKeon retires    Adele doesn't know when she'll perform again after tearful Vegas goodbye    'Pregnant' for 15 months: Inside the 'miracle' pregnancy scam    Hezbollah fires rocket barrages into Israel after deadly Beirut strikes    Ukraine losing ground in Russia's Kursk region, says military source    Do cigarettes belong in a museum?    Saudi Arabia to host 28th Annual World Investment Conference in Riyadh    Riyadh Emir inaugurates International Conference on Conjoined Twins in Riyadh    Katy Perry v Katie Perry: Singer wins right to use name in Australia    Order vs. Morality: Lessons from New York's 1977 Blackout    India puts blockbuster Pakistani film on hold    The Vikings and the Islamic world    Filipino pilgrim's incredible evolution from an enemy of Islam to its staunch advocate    Exotic Taif Roses Simulation Performed at Taif Rose Festival    Asian shares mixed Tuesday    Weather Forecast for Tuesday    Saudi Tourism Authority Participates in Arabian Travel Market Exhibition in Dubai    Minister of Industry Announces 50 Investment Opportunities Worth over SAR 96 Billion in Machinery, Equipment Sector    HRH Crown Prince Offers Condolences to Crown Prince of Kuwait on Death of Sheikh Fawaz Salman Abdullah Al-Ali Al-Malek Al-Sabah    HRH Crown Prince Congratulates Santiago Peña on Winning Presidential Election in Paraguay    SDAIA Launches 1st Phase of 'Elevate Program' to Train 1,000 Women on Data, AI    41 Saudi Citizens and 171 Others from Brotherly and Friendly Countries Arrive in Saudi Arabia from Sudan    Saudi Arabia Hosts 1st Meeting of Arab Authorities Controlling Medicines    General Directorate of Narcotics Control Foils Attempt to Smuggle over 5 Million Amphetamine Pills    NAVI Javelins Crowned as Champions of Women's Counter-Strike: Global Offensive (CS:GO) Competitions    Saudi Karate Team Wins Four Medals in World Youth League Championship    Third Edition of FIFA Forward Program Kicks off in Riyadh    Evacuated from Sudan, 187 Nationals from Several Countries Arrive in Jeddah    SPA Documents Thajjud Prayer at Prophet's Mosque in Madinah    SFDA Recommends to Test Blood Sugar at Home Two or Three Hours after Meals    SFDA Offers Various Recommendations for Safe Food Frying    SFDA Provides Five Tips for Using Home Blood Pressure Monitor    SFDA: Instant Soup Contains Large Amounts of Salt    Mawani: New shipping service to connect Jubail Commercial Port to 11 global ports    Custodian of the Two Holy Mosques Delivers Speech to Pilgrims, Citizens, Residents and Muslims around the World    Sheikh Al-Issa in Arafah's Sermon: Allaah Blessed You by Making It Easy for You to Carry out This Obligation. Thus, Ensure Following the Guidance of Your Prophet    Custodian of the Two Holy Mosques addresses citizens and all Muslims on the occasion of the Holy month of Ramadan    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



GACA Chief: All 22 Saudi airports will transfer to Matarat Co. in 2022
Published in The Saudi Gazette on 21 - 12 - 2021

JEDDAH — Abdulaziz Al-Duailej, president of the General Authority of Civil Aviation (GACA), said that all the remaining 22 airports in the Kingdom is expected to be transferred to the Matarat Holding Company, a subsidiary of GACA, during the year 2022.
He confirmed that the privatization of airports is proceeding at a rapid pace. There are a total of 35 international, regional and local airports in the Kingdom.
Al-Duailej said this while addressing the inaugural ceremony of the expansion of the new station of Saudi Logistics Services Company (SAL), a member of the Saudi Arabian Airlines Corporation, at King Abdulaziz International Airport here on Monday. Eng. Saleh Al-Jasser, minister of transport and logistics, was also present on the occasion, Al-Eqtisadiah newspaper reported.
"Privatization is being implemented vigorously in the Kingdom as we have put Abha airport on the path of privatization and it is in the final technical and economic studies. Similar is the case of Taif and Qassim airports, all of which are among the projects proposed for privatization," the GACA chief said.
"As per the government directive, GACA will be transformed into a legislator and regulator, and all the construction, operation and management works will be referred to the Matarat, and then it will be transferred to the Public Investment Fund," he said.
Referring to the investment opportunities in the sector, Al-Duailej said that the aviation sector is promising and the opportunities in the sector are numerous, whether in aviation, airports, airport operation and management, or in support services including shipping, catering, maintenance and ground handling services. This sector is rich and full of investment opportunities for local and international investors, he pointed out.
With regard to the number of applications submitted for investment in the sector, he indicated that the authority has many applications under various phases of study related to the establishment of airports, ground handling services, shipping and all areas related to the sector.
It is noteworthy that Matarat, which is owned by GACA, has been forging the transformation of the airports industry, and hence its role is to guide, support, and lend a hand to all its fellow companies. It is guided by core values of reliability, excellence, and alliance so as to ensure every airport becoming a gateway to innovative customer experience and a global benchmark of management, as well as achieve operational efficiency and revenue generation.


Clic here to read the story from its source.