Saudi Arabia to cut airport charges by 35% amid continuing privatization

Saudi Arabia to cut airport charges by 35% amid continuing privatization
King Khalid International Airport, Riyadh (Shutterstock)
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Updated 20 July 2022
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Saudi Arabia to cut airport charges by 35% amid continuing privatization

Saudi Arabia to cut airport charges by 35% amid continuing privatization

RIYADH: Saudi Arabia is to cut airport charges by as much as 35 percent later this year as it seeks to lure passengers and compete with other airlines in the region, Bloomberg reported.

To be applied to Riyadh, Jeddah and Dammam airports, the price reduction is the next step in the continuing privatization of the sector, the General Authority of Civil Aviation announced at the UK's Farnborough air show. 

Airports will be allowed flexibility to reduce charges below the announced caps to maximize growth, GACA said at the aerospace and defence industries exhibition.

Most recently, Saud Arabia has opened up its airspace to airlines flying from and to Israel.

Additionally, the Kingdom has proposed to offer incentives to airlines that operate unprofitable routes that link it to big global cities, in an effort to boost tourist arrivals into the Kingdom.

The moves come as part of Saudi Arabia’s plan to diversify away from oil and turn Riyadh into a global business hub.