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Investing in Saudi Aviation Growth

Abha Airport's transformation opens new investment doors.

January 10, 2024
in Investment
Reading Time: 1 min read
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Imagine a future where Saudi Arabia stands as a beacon for global aviation investment. This vision is becoming a reality as the Saudi government advances its strategy to boost private sector involvement in the nation’s airports. A key focus of this initiative is the exciting opportunity to develop Abha Airport, located in the picturesque Asir region in the southwest of the country.

Transforming Abha Airport: A Landmark Project

In collaboration with the National Center for Privatization, Saudi Arabia’s airports holding company, Matarat, is extending a concession to interested parties. This project is designed as a 30-year build-transfer-operate agreement, aiming to revolutionize Abha Airport with a brand-new terminal. This facility will enhance the airport’s capacity from 1.5 million to an impressive 13 million passengers annually, with the grand opening slated for 2028.

Prospective investors are invited to express their interest in this transformative project by January 31. The development will feature crucial infrastructure, including a new apron, rapid-exit taxiway, access roads, and other essential facilities, making it a significant addition to the region.

Driving Economic Growth and Tourism

This ambitious development aligns with recent economic reforms introduced by civil aviation regulators. These changes are focused on supporting privatization, fostering public-private partnerships, and attracting international investment to the aviation sector. The Asir regional development authority envisions the new Abha Airport as a pivotal component of the ‘Qimam and Shem’ initiative, which aims to position the area as a year-round tourism hotspot.

All these efforts are part of the broader Vision 2030 plan, an ambitious blueprint designed to enhance Saudi Arabia’s air transport infrastructure. By doing so, the kingdom aims to welcome a surge of tourists and travelers, solidifying its status as a premier global destination.

Tags: Abha Airportpublic-private partnershipsSaudi Aviationtourism developmentVision 2030

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