Saudi Arabia to privatize 27 airports by mid-2018

08/02/2017 Argaam

Saudi Arabia expects to privatize 27 Saudi airports by mid-2018, Asharq Al-Awsat reported, citing Faisal Hamad Al Sugair, Vice-Chairman of the General Authority of Civil Aviation’s (GACA) board.

 

By 2020-end, the kingdom’s airports will be financially and administratively independent, a move that will attract foreign investments that are expected to exceed 75 percent in some airports, he said.

 

There are also plans to convert King Abdulaziz International Airport into an operating company in Q2-2017, while King Fahad International Airport will be converted in Q3.

 

The 18-month privatization plan is being implemented in partnership with the privatization unit at the Saudi Council of Economic and Development Affairs, Al Sugair added.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.