Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Saudi Arabia keen to be an aviation hub  Join our daily free Newsletter

MENAFN - Khaleej Times - 21/02/2014
No. of Ratings : 0
Add to Mixx!

(MENAFN -Khaleej Times) Saudi Arabian Airlines is keen to make the country a regional aviation hub that will bring a lot of economic benefits to the kingdom, according to the airline?s director-general

Quoting some statistics, Khaled Al Molhem said that the country has huge potential “as the traffic is already there for being a hub.”

“We are not looking to capture their [UAE carriers] business but we are looking to capture growth of the business available in the market,” Al Molhem clarified to reporters in Dubai on Wednesday.

The carrier, also known as Saudia and is celebrating the golden jubilee of its operations in Dubai, opened a 90,000sqft office in the emirate.

The kingdom’s national flag carrier launched its first flight to Dubai from Dhahran in March 1963, carrying just 48 passengers. It opened a new era in its international operations as the number of Saudia flights to Dubai increased to 74 weekly. These flights are operated from the kingdom’s major cities of Riyadh, Jeddah, Dammam and the holy city of Madinah.

“We are happy with the strong relations with UAE carriers… and specially Emirates airline’s competitive and cooperative relations,” he said, adding that Dubai and GCC countries are the most growth oriented in the transport system, specially in air transport.

He said that the airline is very otimistic about the growth coming from both operations — Dubai and rest of the world.

He admitted that Saudi Arabia has not invested for the last 20 years in infrastructure of the airport, but over the last four to five years there is a clear plan for investment in Saudi airports.

Al Molhem mentioned that even the domestic market is huge as the country has 27 domestic airports.

“We serve all the airports independently.”

In the kingdom, the number of domestic passengers will cross 28.5 million by 2020 and Saudia intends to acquire a market share of 22 million, according to Al Molhem. The airline transported more than 25 million passengers in 2013, including 14.7 million in the domestic sector. There were 16.5 million seats on board domestic Saudia flights in 2013.

He said that Saudia is very pleased to see two new carriers entering the domestic market. After that there will be an opportunity for Saudia to release some capacity to serve more international markets.

The airline is under the process of launching initial public offerings of its different units.

The airline’s new Dubai office houses the office of the general manager for Middle East and Gulf, administrative offices, training halls, finance department, sales and marketing departments and prayer hall that provide a suitable atmosphere for extending services.


Khaleej Times

  MENA News Headlines
 Nov 30 2015 - Kuwait oil minister leaves post days before Opec meetingGulf Times
(MENAFN - Gulf Times) Kuwait named Deputy Prime Minister Anas al-Saleh as acting oil minister to replace Ali al-Omair (pictured) who became minister of public affairs and retained his role as state ...

 Nov 30 2015 - Dana Gas wins $1.98bn Kurdistan judgementGulf Times
(MENAFN - Gulf Times) ...

 Nov 30 2015 - India's SpiceJet 'receives' interest from Gulf airlinesGulf Times
(MENAFN - Gulf Times) Indian budget carrier SpiceJet Ltd, which has surged more than 280% this year, said it's received interest from Gulf airlines looking to acquire a stake."Some of the Gulf ...

 Nov 30 2015 - Qatar- Investment in healthcare makes for a healthy economyGulf Times
(MENAFN - Gulf Times) Under the wise and dynamic leadership of His Highness the Emir, Sheikh Tamim bin Hamad al-Thani, the growth and improvement in quality of Qatar's health sector has been a major ...

 Nov 30 2015 - GCC should adopt a holistic approach to managing urban water supply: ExpertGulf Times
(MENAFN - Gulf Times) The GCC (Gulf Cooperation Council) region should adopt a holistic approach to managing urban water supply, according to an expert at the Qatar Environment and Energy Research ...

 Nov 30 2015 - Brent crude dips on firm dollar ahead of OPEC meetingGulf Times
(MENAFN - Gulf Times) Brent crude futures dipped on Monday as traders remained cautious ahead of an OPEC meeting later this week and as a widely expected US interest rate hike strengthened the ...

 Nov 30 2015 - India- Kerala expects more tourists from the GulfGulf Times
(MENAFN - Gulf Times) Encouraged by the response it received at the Arabian Travel Mart held in Dubai in May, Kerala Tourism is conducting a series of roadshows in the Gulf region.The tourism board ...

 Nov 30 2015 - Carson meets Syrian refugees, opposes them coming to USGulf Times
(MENAFN - Gulf Times) Republican presidential candidate Ben Carson, who last week compared Syrian refugees to "rabid dogs," met with refugees in Jordan on Saturday and urged the US government to do ...

 Nov 30 2015 - IS executes 3,500 in Syria since declaring 'caliphate'Gulf Times
(MENAFN - Gulf Times) The Islamic State group has executed more than 3,500 people in Syria, including nearly 2,000 civilians, since declaring its 'caliphate' in June last year, a monitor said ...

 Nov 30 2015 - 16 killed in fighting for south Yemen provinceGulf Times
(MENAFN - Gulf Times) Yemeni loyalists supported by a Saudi-led coalition battled on Sunday to oust Iran-backed rebels from a southern province where they have made gains in recent weeks, with at ...





Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  

Middle East North Africa - Financial Network

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices


Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks

Saudi Arabia 

Economic Calendar
Financial Glossary

Financial Calculators

RSS Feeds [XML]

Corporate Monitor


Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters

© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help