Quotes: US MENA   Enter Symbol: NewsLetter: Search: advanced

Riyadh airport to triple capacity after expansion  Join our daily free Newsletter

MENAFN - Arab News - 02/05/2012

No. of Ratings : 0
Digg This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093509187 Share This Article: http%3a%2f%2fwww.menafn.com%2fmenafn%2fqn_news_story_s.aspx%3fstoryid%3d1093509187 Add to Delicious Seed this article Buzz this article Add to Reddit Add to furl Add to stumbleupon Add to Mixx!


 


GACA Vice President Faisal Al-Sugair tours an exhibition staged during the aviation conference in Jeddah. (AN photo by Ghazi Mahdi)
(MENAFN - Arab News) The capacity of Riyadh's King Khaled International Airport is expected to triple when expansion work that is set to begin in November will be completed in three years, senior officials of the General Authority for Civil Aviation (GACA) said here yesterday.

GACA Vice President Faisal Al-Sugair said preliminary studies and design work for the development and expansion of the Riyadh airport have been completed and the construction work will begin soon.

Opening the first specialized conference and exhibition on aviation services and logistic support at airports at the Jeddah Conferences and Events Center, Al-Sugair also disclosed GACA's plans to implement mega development projects in the near future to further expand its network of 28 airports that handle about 54.5 million passengers a year.

About 100 local and international companies in the aviation field are displaying their products and services at the exhibition organized on the sidelines of the conference.

The exhibition, titled "Airports, Aviation and Logistic Services," provides a strategic platform for those who intend to invest in aviation, airports,and logistic services at airports.

The specialized conference, the first of its kind in the Kingdom, is organized at a time when Saudi Arabia has adopted an ambitious plan to develop infrastructure projects for communications.

"The new King Abdulaziz International Airport Jeddah is expected to be operational in 2014 and its capacity would rise to 30 million passengers a year with the completion of the first phase of the project," Al-Sugair said. The new airport is estimated to cost SR 27 billion.

The Saudi government is planning multi-billion dollar projects to expand capacity of its airports in the face of rising demand.

Referring to the expansion of Riyadh airport, GACA spokesman Khaled Al-Khaibary said: "The expansion work will include the construction of a new terminal, Terminal 5, which will start within six months and is expected to be completed by November 2013 and expansion of existing terminals 3 and 4, which are currently in the design phase."

GACA has invited proposals for the design and project management packages of terminals 3 and 4. Proposals are expected by mid June and construction work is expected to start next year.

The airport's capacity would increase to 25 million passengers after completion of the first phase of expansion by the end of 2015, Khaibary said.

Addressing the two-day Jeddah aviation event, Director General of Saudi Arabian Airlines Khaled Al-Molhem drew attention to the expectation of experts that there would be a tremendous growth in the air transport industry in the coming years despite the great odds facing the sector due to an increase in the operational costs and stiffening of competition. "This would also spur the demand for aircraft that could reach 33,500 until the year 2030," he said quoting a report from the Boeing Company.

The Saudia chief also highlighted the efforts of the national carrier to increase the flight services and take advantage of its new fleet.

 






  MENA News Headlines
May 24 2013US stocks flat as bulls get cautious ,AFP
(MENAFN - AFP) US stocks closed flat Friday, reeling in early losses but showing caution following Japan's Thursday plunge and ahead of the three-day US Memorial Day holiday weekend. At the ...

May 24 2013IMF chief Lagarde avoids charges in French payout scandal ,AFP
(MENAFN - AFP) IMF chief Christine Lagarde avoided immediate charges Friday but was named an "assisted witness" after French prosecutors grilled her for two days over a state payout to a disgraced ...

May 24 2013Google eyes emerging markets networks: report ,AFP
(MENAFN - AFP) Google has become deeply involved in a series of projects to build and operate wireless networks in emerging markets including sub-Saharan Africa and Southeast Asia, a report said ...

May 24 2013Stalin police criticism sparks anti-Semitism row in Russia ,AFP
(MENAFN - AFP) An explosive comparison made by a liberal Russian politician between Stalin's agents and Hitler's secret police has provoked a storm of abusive criticism in Russia that has been ...

May 24 2013Hitler's shadow looms over anniversary of VW hometown ,AFP
(MENAFN - AFP) Europe's number one carmaker Volkswagen is not keen on celebrating the 75th birthday of its German hometown of Wolfsburg on Sunday because of the long shadow cast by Adolf Hitler ...

May 24 2013Fashion brands say street crime threatens Paris tourism ,AFP
(MENAFN - AFP) The streets of Paris are getting a reputation of being unsafe for tourists and this is a threat to business by the great brand names of French fashion, a top body representing the ...

May 24 2013Journalism on verge 'of extinction' in DR Congo: media NGO ,AFP
(MENAFN - AFP) Journalists' lives are in danger and they are being prevented from reporting freely in areas of eastern Democratic Republic of Congo that are controlled by armed M23 rebels, the NGO ...

May 24 2013Air China orders 100 Airbus A320 jets worth $8.8 bn ,AFP
(MENAFN - AFP) Air China said on Friday it had ordered 100 Airbus A320 series medium-range single-aisle passenger jets, which carry a catalogue price of $8.8 billion (6.8 billion euros). Air China ...

May 24 2013Landmark Swiss-China trade deal on horizon in July ,AFP
(MENAFN - AFP) Switzerland and China could sign a landmark free-trade agreement as early as July, the Alpine country said Friday, as Beijing seeks to underscore its growing global ties via deals ...

May 24 2013China's Catholics show fervour in Shanghai celebration ,AFP
(MENAFN - AFP) Thousands of Chinese Catholics gathered in Shanghai on Friday for a celebration to honour the Virgin Mary, in a show of religious fervour permitted by the Communist-ruled ...

more...


 
Click to Apply






Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country
Marketwatch News
UPI News
Comtex News

IPO News
Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

US Markets Details

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Investment Game
Economic Calendar
Financial Glossary

My MENAFN
Portfolio Tracker

Voting

Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2000 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help