Expansion to up Riyadh airport capacity to 35 m

Updated 31 May 2013
0

Expansion to up Riyadh airport capacity to 35 m

The new expansion plan for Riyadh’s King Khaled International Airport aims at increasing its capacity from 12 million to 35 million, said Khaled Al-Khaibary, spokesman of the General Authority for Civil Aviation.
He said the project that includes construction of a new terminal (No. 5) and development of an existing closed terminal (No. 4) would be completed in five years.
He also disclosed plans to privatize the airport.
The No. 4 terminal was not provided with the required facilities, Al-Khaibary said while explaining the reason for constructing a new terminal. “KKIA has not witnessed any development since its establishment 30 years ago.”
Last year 17.7 million passengers used the airport, he said stressing the need to expand it.
The airport will be linked with the city’s new metro system and the GACA has reached an agreement with Riyadh Development Authority for the purpose. “The metro will help passengers reach the city center quickly and comfortably,” Al-Khaibary said, adding that spots have been allocated in the project for the metro lines.
Saudi Railway Company will construct the main railway station on the southeastern part of the airport to be linked with the terminal through the metro system.
He said the development of the closed terminal would lead to increasing the airport’s capacity to 18 million if used for domestic flights and 15 million if used for international flights. “The airport’s expansion was required to meet the needs of increasing number of passengers,” the spokesman said.
He said GACA would publish project details on its website following the completion of designs after Ramadan (mid August).
“We are working rapidly for the privatization of KKIA, which will operate independently from GACA on the basis of competitive standards to extend better services to customers including passengers and airlines,” he said.


Finance officials meet to map out Saudi Arabia’s budget plans

Updated 53 min 2 sec ago
0

Finance officials meet to map out Saudi Arabia’s budget plans

  • Finance representatives of 150 government bodies meet for the Budget Forum 2020

RIYADH: Saudi finance chiefs have kicked off a major conference in the capital aimed at mapping out the Kingdom’s budget requirements.
Around 300 specialists representing 150 government bodies met at the InterContinental hotel in Riyadh for the Budget Forum 2020.
Minister of Finance Mohammed Al-Jadaan welcomed delegates to the second edition of the gathering organized by the Saudi Finance Ministry under the slogan “Partnership and Empowerment.”
Al-Jadaan said the ministry was focused on “partnership and commitment,” and sought to share the challenge of developing an effective budget to achieve the Kingdom’s ambitious goals.
“We are also committed to empowering financial leaderships to learn about the ministry’s programs and projects and provide training and qualification opportunities to the best international standards,” he added.
The finance chief said the budget planning process required the collaboration of multiple authorities and a clear strategy based on transparency. 
Items up for discussion at the forum included financial planning in governmental bodies, automation, and the promotion of revenues and efficient spending.
Finance Ministry steering committee chairman, Abdul Aziz bin Saleh Al-Freih, stressed the importance of the forum in getting the ball rolling at an early stage on formulating a general state budget.
Workshops were held on the sidelines of the conference focused on empowering government organizations, and a training program on financial planning and income estimations was also staged.