100 million passengers pass through Saudi airports in 2018

GACA is developing airport facilities and infrastructure to meet the objectives of the Kingdom’s Vision 2030 reform plan. (SPA)
Updated 17 March 2019

100 million passengers pass through Saudi airports in 2018

  • King Khalid International Airport in Riyadh,placed second with 27.9 million passengers

JEDDAH: Last year was a record for flights and passengers at the Kingdom’s airports, the Saudi Press Agency (SPA) reported citing official statistics.
The General Authority for Civil Aviation (GACA) said on Saturday that there were 99.86 million passengers and 771,828 flights in 2018 compared to 92.42 million passengers and 741,923 flight for 2017, a growth rate of 8 percent for passengers and 4.1 percent for flights.
The number of flights at international airports was 741,893, transporting 97.3 million passengers, while there were 29,935 flights and 2.6 million passengers at domestic airports.
King Abdul Aziz International Airport in Jeddah recorded the highest footfall with 35.8 million passengers.
King Khalid International Airport in Riyadh, placed second with 27.9 million passengers.
The UAE topped the destination list for international passenger traffic.
GACA is developing airport facilities and infrastructure to meet the objectives of the Kingdom’s Vision 2030 reform plan, and raise its contribution to the Saudi economy and gross domestic product.

 

 


Fraud alert over cryptocurrency falsely linked to Saudi Arabia

Updated 21 August 2019

Fraud alert over cryptocurrency falsely linked to Saudi Arabia

  • The website of a cryptocurrency company is promoting what it calls the CryptoRiyal and SmartRiyal
  • The Singapore-based company uses the Saudi emblem of two crossed swords and a palm tree

JEDDAH: Fraudsters are trying to lure victims into investing in a “virtual currency” with false claims that it is linked to the Saudi riyal and will be used to finance key projects, the Saudi Ministry of Finance warned on Tuesday.

The website of a cryptocurrency company in Singapore is promoting what it calls the CryptoRiyal and SmartRiyal, using the Saudi emblem of two crossed swords and a palm tree. Its “ultimate goal” is to finance NEOM, the smart city and tourist destination being built in the north of the Kingdom, the company claims.

“Any use of the KSA name, national currency or national emblem by any entity for virtual or digital currencies marketing will be subject to legal action by the competent authorities in the Kingdom,” the ministry said on Tuesday.

The fraudsters were exploiting ignorance of how virtual currencies work, cryptocurrency expert Dr. Assad Rizq told Arab News.

“A lot of tricks can be played,” he said. “Some of these companies are not regulated, they have no assets, and even their prospectus is sometimes copied from other projects.

“They hype and pump their project so the price goes up. Inexpert investors, afraid of missing out, jump in, which spikes the price even higher. Then the owners sell up and make tons of money.

“Cryptocurrencies are a risky investment for two reasons. First, the sector is not yet fully regulated and a lot of projects use fake names and identities, such as countries’ names or flags, to manipulate investors.

“Second, you have to do your homework, learn about the technology. And if you still want to invest, consider your country’s rules and regulations.”