Saudia Cargo launches expansion projects for Riyadh and Jeddah airports

Saudia Cargo launches its new terminal projects for King Abdul Aziz International Airport and King Khalid International airport, under the patronage of Minister of Transport Dr. Nabil Al-Amoudi. (supplied)
Updated 11 September 2018
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Saudia Cargo launches expansion projects for Riyadh and Jeddah airports

  • Shipping company aims to double capacity in next two years, and is about to join SkyTeam, the global airlines alliance
  • On August 25, 2018, Saudi Arabian Airlines, Saudia Cargo’s parent company, operated 711 flights, the highest number in one day since the launch of the airline

JEDDAH: Saudia Cargo on Monday officially launched expansion projects for its facilities at King Abdul Aziz International Airport in Jeddah and King Khalid International airport in Riyadh. The projects, under the patronage of Minister of Transport Dr. Nabil Al-Amoudi, are an important part of the Saudi shipping company’s transformation initiative, Strategy 2020, which aims to double cargo capacity and enhance the business’s capability to support the Kingdom’s Vision 2030.

The launch ceremony, in Jeddah, was attended by President of the General Authority for Civil Aviation Captain Abdul Hakim Al-Tamimi, and Governor of the General Customs Authority Ahmed Al-Haqbani, along with other officials, clients and guests.

Fawaz Al-Fawaz, the chairman of Saudia Cargo, said the projects aim to achieve a qualitative leap in the level of logistics services provided by the business. He added that the company has developed a clear strategy to face any challenges by developing its infrastructure and work environment, and strengthening cooperation with partners and agents to increase the company's share of global shipping traffic.

He said that as a result of these efforts, in 2017 revenues increased by 10.9 percent and cargo transported by 12.6 percent in comparison with the previous year. Moreover, the tonnage growth hit a record high of 72 percent, while the number of stations increased to 63 internationally and 25 internally, in addition to the many stations served by road freight.

Omar Bin Talal Hariri, the CEO of Saudia Cargo, said that the company aims to increase capacity at King Khalid International Airport to 530,000 tons a year, and the size of its facility there to 75,000 square meters.

The capacity at King Abdul Aziz I|international Airport will increase to 820,000 tons in a 131,000-square-meter facility. The expansions will be supported by a number of development programs and advanced logistics solutions.

As part of its attempts to expand shipping services through alliances, Hariri added that Saudia Cargo will this year join SkyTeam, the global airlines alliance.

This will unlock broad new areas for the company to develop its business and services and expand its network of stations around the world, he added. It will also increase transit traffic, connecting the continents of Asia, Europe and Africa.

The company will also work on restructuring its network of flights to suit the nature of the markets it serves and the needs of valued customers, and enhancing cooperation with parent company Saudi Arabian Airlines to take advantage of the capacity available on domestic and international flights.

Saleh Al-Jasser, the director general of Saudi Arabian Airlines, said that “this step coincides with the peak of operations to transport pilgrims who are currently returning home to more than one hundred domestic and international stations. Saturday, August 25 recorded the highest number of flights in one day since the establishment of Saudi Arabian Airlines, when it reached 711 flights.”


Crown prince: Saudi investment in India to reach $100bn

Updated 7 min 29 sec ago
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Crown prince: Saudi investment in India to reach $100bn

  • Mohammed bin Salman says value of investments to increase rapidly over next two years
  • Modi praised relations between the two countries after signing cooperation agreements

DUBAI: Crown Prince Mohammed bin Salman said on Wednesday he expects Saudi Arabia’s investments in India will be worth $100 billion in the next two years.

During a press conference with India’s Prime Minister Narendra Modi, the crown prince said the Kingdom had invested $10 billion in technology and small companies in India which had “achieved very remarkable returns.”

Speaking on the second day of hist India visit, and after the signing of five agreements with Modi, the crown prince also said that there were many opportunities for India in Saudi Arabia.

“We expect that the opportunity we are developing in India in many fields will exceed 100 billion dollars over the next two years,” Prince Mohammed said. “We want to work as two governments to ensure these investments and achieve beneficial returns for both countries. 

“We also hope that relations between the Kingdom of Saudi Arabia and India will contribute to providing more opportunities for Indian laborers and manpower to contribute to the future of the Kingdom of Saudi Arabia and building the Kingdom's Vision 2030.”

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Crown Prince Mohammed bin Salman pledges commitment to Saudi-Indian relations

Greeted with a hug: Saudi crown prince welcomed to India by PM Modi

Full Asia tour coverage 

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The crown prince spoke of the depth and history of relations between the two countries, acknowledging the role Indian labor and businesses had played in the Kingdom’s development.

He also said the economic partnerships were grounded in the two nation’s similar challenges - “extremism, terrorism and the security of the Indian Ocean.”

He said Modi’s visit to the Kingdom in 2016 had achieved investments worth $44 billion in refining and petrochemicals.

The two countries planned to expand India’s oil storage capacity to make India an “important regional center in distributing oil and its products.”

The crown prince and Modi earlier oversaw the signing of agreements in the fields of investment, tourism, housing and information and broadcasting.

The crown prince arrived in India after a two-day trip to Pakistan as part of a tour of Asia.

Earlier he attended a ceremonial welcome in New Delhi after landing in the country on Tuesday evening.