Saudi Airports development forum will be held on the 2nd and 3rd of November at the Hilton hotel Jeddah.
Saudi Arabia plans to heavily invest in constructing new airports in the country, while also expanding existing airports over the next decade. The Kingdom is estimated to be investing US$10 billion-20 billion developing and upgrading airports by 2020, with private companies to contribute as much as US$10 billion to the projects.
King Abdulaziz International Airport, in Jeddah, is being renovated and expanded as part of a three-phase, US$11.3 billion project, which is due to be completed in 2035. The purpose of the project is to increase the airport’s capacity from 15 million to 80 million passengers per year. Prince Mohammed Bin Abdulaziz Airport in Medina – the first that GACA has devoloped under a PPP contract – to increase the hub’s passenger capacity by 14 million.
The Capacity of the Riyadh’s King Khaled International Airport is expected to triple when expansion work, is completed. King Fahd international Airport Dammam is also undergoing Facelift and capacity enhancement programme. The massive expansion of domestic airports to accommodate 54.5million passengers augurs well for Airports and Aviation suppliers to capitalize on multi -billion dollar Airports expansion projects in the kingdom. Saudi Arabian Airlines, the Middle East’s second largest carrier by revenue and passenger numbers, is accelerating multi-billion expansion of its fleet and enhancement of its operating systems in a strategy designed to prepare the airline for privatisation. A range of new aircraft have been procured and delivered in the last two years. The airline now has a fleet of around 140 aircraft with flights to cities within Saudi Arabia and around the world.
The Saudi government has aggressive plans to overhaul existing transportation infrastructure which is likely to see over US$100 billion of investments flowing into the large-scale airports, seaports, rail, road and logistics projects in the next decade, with over US$30 billion allocated for the purpose in the government’s next five year plan. Saudi Airports development forum will provide an excellent powerful platform for exhibitors and visitors to identify projects, develop contacts with senior decision makers and achieve what all companies want – to secure new contracts. Alongside the exhibition, a unique conference will be simultaneously held with top government decision makers and industry professionals delivering high-level presentations and expert analysis on projects on offer in the Kingdom, their technical aspects, products and smart solutions, partnering options, and contractual and legal issues to hundreds of delegates.
It will be prudent for the Airport suppliers to display their products and services at the exhibition, as authorities are keen to enhance their aviation capabilities by investing US$ 200 billion Riyals in the Air transportation industry to meet the requirements of increasing air traffic in the kingdom as a result of growing population and unprecedented economic development.
Saudi Airports development forum will provide an excellent powerful platform for exhibitors and visitors to identify projects, develop contacts with senior decision makers and achieve what all companies want – to secure new contracts. Alongside the exhibition, a unique conference will be simultaneously held with top government decision makers and industry professionals delivering high-level presentations and expert analysis on projects on offer in the Kingdom, their technical aspects, products and smart solutions, partnering options, and contractual and legal issues to hundreds of delegates.
