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.


Egyptian state banks collect over $10bn from high-yield savings product

Updated 39 min 8 sec ago

Egyptian state banks collect over $10bn from high-yield savings product

CAIRO: Egypt’s two biggest state banks have collected 171 billion Egyptian pounds ($10.5 billion) from a new high-yield savings product they introduced in March, officials from the two banks were quoted as saying on Saturday.
The one-year product, launched on March 22, carry a 15% yield.
An official at the National Bank of Egypt said it had collected 122 billion pounds, while Banque Misr’s chairman said it had gathered 49 billion pounds, state news agency MENA reported.