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.”


Major projects, investments worth over $685bn unveiled on Saudi National Day

A photo taken on July 5, 2018, shows Bader al-Ajmi, 38,(L) owner of "One Way Burger" serving customers from his truck at a main street in the capital Riyadh. (AFP)
Updated 22 September 2018
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Major projects, investments worth over $685bn unveiled on Saudi National Day

  • The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017

JEDDAH: A major economic boost in the form of 10 major projects and investments exceeding SR685 billion ($183 billion) were unveiled as celebrations of the 88th Saudi National Day got under way.
The Council of Saudi Chambers released a report focusing on great economic achievements in 2017.
These projects reflect the Kingdom’s vision under the wise leadership of King Salman and that of Crown Prince Mohammed bin Salman to provide a brighter future through diversifying sources of national income, tackling environmental challenges and increasing investment and prosperity.
The report summarized the most important events and economic developments in the Kingdom over the past year. These include the lifting of the ban on women driving in June, and the establishment of the General Authority for Cyber Security, in addition to the numerous royal decrees providing financial support to Saudis.
It also noted the important decisions related to the Saudi business sector. These include the launch of a private sector incentive program with a value of SR72 billion, the privatization of 10 government sectors and the establishment of the General Authority for Real Estate. The private sector is still showing a strong performance as an efficient partner in the inclusive development process and in the achievement of the Kingdom’s 2030 Vision, the report noted, as it contributes 39 percent to the Saudi gross domestic product (GDP).
The private sector’s contribution to the GDP at constant prices doubled to around SR1236.6 million in 2017. There has been increased contribution to GDP from non-oil private sector streams.
The private sector also witnessed an increase in the number of workers, in its capital, in the number of shares on the Saudi market, in the cumulative number of establishments operating in the Kingdom, and in non-oil exports.
Continued growth of the private sector was attributed by the report to the Saudi government’s support. This support comes through initiatives such as the removal of obstacles to financial development, improvements to the working environment and policies adopted to boost investment.
It also reviewed the private sector’s efforts to support diversification of the economy and lower unemployment rates.
The importance of the measures taken to prioritize the employment of qualified Saudi workers over the employment of expatriates in the private sector were stressed, as well as the sector’s role in providing education and health services.