Terminal 5 important addition to Riyadh airport, says governor

Riyadh Gov. Prince Faisal bin Bandar and GACA officials inspect the new domestic terminal at King Khaled International Airport (KKIA) in Riyadh.
Updated 03 May 2016

Terminal 5 important addition to Riyadh airport, says governor

RIYADH: Terminal 5 at King Khaled International Airport (KKIA) is an important addition to the Saudi capital, says Riyadh Gov. Prince Faisal bin Bandar.
The prince made this remark during an inspection tour of the new domestic terminal ahead of its inauguration.
He was accompanied by Riyadh Mayor Ibrahim Alsultan.
The governor expressed his pride in the Saudi engineers who contributed to the completion of the project to the best of their abilities.
On his arrival, Prince Faisal was received by General Authority of Civil Aviation (GACA) Chairman Sulaiman Al-Hamdan, and his Assistant for Airports Tariq Abdul-Jabbar and Assistant for Corporate Communication and Marketing Bassim Alsalom, as well as KKIA Director General Abdulaziz Abuharba and a number of Saudi engineers involved in the project work.
Prince Faisal was shown all the facilities of the new passenger terminal facilities and listened to a detailed explanation by the GACA chief of the capabilities and modern technologies used at the new terminal, which will greatly contribute to the improvement of services provided at the airport.
“The visit of the governor of Riyadh comes within the framework of the keenness of the prince to inspect all the vital and important projects in the Riyadh region and follow up on the work in progress,” the GACA head is quoted to have said.
He stressed that the new terminal is in its final operation and readiness test mode in preparation for the commencement of its operation.
The new terminal is expected to contribute to meet the projected growth in passenger numbers, more so after the completion of the development of other airport terminals.
The airport is designed to provide advanced and complete services to the traveling public.
Alhamdan added that construction of the new terminal at KKIA comes as a “commitment to the directive given by our wise leadership” to contribute to the convenience of the travelers and as part of the GACA’s strategy for the development of the civil aviation sector across the Kingdom.
He praised the role of the Saudi engineers who worked efficiently and effectively on the project.
The new terminal covers a total of 106,000 sqm and can accommodate seven large-wing aircraft or 16 medium-size aircraft.
The new terminal has an annual capacity of 12 million passengers and contains 60 luggage inspection counters, 20 self-service counters, eight travel gates and five baggage claim conveyor belts measuring 415 meters in length.
Additionally, there are 30 elevators and 21 escalators.
The total area of the first-class and business lounge is 2,400 sqm and a VIP executive office covering 2,784 sqm. The terminal also includes a 4,712 sqm commercial area solely dedicated to shops and a food court.

Saudi energy giant to invest $3bn in Bangladesh’s power sector

Updated 22 October 2019

Saudi energy giant to invest $3bn in Bangladesh’s power sector

  • Experts say deal will usher in more economic and development opportunities for the country

DHAKA: Saudi Arabia’s energy giant, ACWA power, will set up an LNG-based 3,600 MW plant in Bangladesh after an agreement was signed in Dhaka on Thursday.

The MoU was signed by ACWA Chairman Mohammed Abunayyan and officials from the Bangladesh Power Development Board (BPDB), officials told Arab News on Monday.

According to the agreement, ACWA will invest $3 billion in Bangladesh’s energy development sector, of which $2.5 billion will be used to build the power plant while the rest will be spent on an LNG terminal to facilitate fuel supply to the plant. Under the deal, ACWA will also set up a 2 MW solar power plant.

In recent months, both countries have engaged in a series of discussions for investment opportunities in Bangladesh’s industry and energy sectors. 

During the Saudi-Bangladesh investment cooperation meeting in March this year, Dhaka proposed a $35 billion investment plan to a high-powered Saudi delegation led by Majed bin Abdullah Al-Qasabi, the Saudi commerce and investment minister, and Mohammed bin Mezyed Al-Tuwaijri, the Saudi economy and planning minister.

However, officials in Dhaka said that this was the first investment deal to be signed between the two countries.

“We have just inked the MoU for building the LNG-based power plant. Now, ACWA will conduct a feasibility study regarding the location of the plant, which is expected to be completed in the next six months,” Khaled Mahmood, chairman of BPDB, told Arab News.

He added that there are several locations in Moheshkhali, Chottogram and the Mongla port area for the proposed power plant.

“We need to find a suitable location where the drift of the river will be suitable for establishing the LNG plant and we need to also consider the suitability of establishing the transmission lines,” Mahmood said.

“It will be either a JV (Joint Venture) or an IPP (Independent Power Producer) mode of investment, which is yet to be determined. But, we are expecting that in next year the investment will start coming here,” Mahmood said.

BPDB expects to complete the set-up process of the power plant within 36 to 42 months.

“We are in close contact with ACWA and focusing on the successful completion of the project within the shortest possible time,” he said.

Abunayyan said that he was optimistic about the new investment deal.

“Bangladesh has been a model for the Muslim world in economic progress. This is our beginning, and our journey and our relationship will last for a long time,” Abunayyan told a gathering after the MoU signing ceremony.

Economists and experts in Bangladesh also welcomed the ACWA investment in the energy development sector.

“This sort of huge and long-term capital investment will create a lot of employment opportunities. On the other hand, it will facilitate other trade negotiations with the Middle Eastern countries, too,” Dr. Nazneen Ahmed, senior research fellow at the Bangladesh Institute of Development Studies (BIDS), told Arab News.

She added that Bangladesh needs to weigh the pros and cons before finalizing such contracts so that the country can earn the “maximum benefits” from the investment.

“It will also expedite other big investments in Bangladesh from different countries,” she said.

Another energy economist, Dr. Asadujjaman, said that Bangladesh needs to exercise caution while conducting the feasibility study for such a huge investment.

“We need to address the environmental aspects, opportunity costs and other economic perspectives while working with this type of big investment. Considering the present situation, the country also needs to focus on producing more solar energy,” Dr. Asadujjaman told Arab News.