GACA: Saudi to privatise 11 airports by 2020
A mix of domestic and international airports will be privatised over the next four years, a source from Saudi's GACA has revealed
Riyadh's King Khaled International airport has embarked on a privatisation process since the first quarter of 2016, a General Authorityof Civil Aviation (GACA) source reportedly said.
Riyadh Airports Company, a financially and administratively independent enterprise, is handling the denationalisation.
Several GACA sectors and airports will gradually undergo similar processes, the source said.
The Air Navigation Services Company will handle the privatisation of the air navigation sector starting the second quarter of 2016.
The Saudi Company for Flight Information Systems will privatise the information technology sector in the third quarter of 2016, the source told Zawya.
The remaining strategic units at Saudi’s international airports will be privatised over the next four years until 2020, with the first phase aiming at 11 facilities.
Reuters had previously quoted GACA as saying that Jeddah and Dammam’s international airports are to be privatised consecutively in the second and third quarters of 2017.
The airports slated for privatisation are King Abdul Aziz International Airport in Jeddah, King Khalid Airport in Riyadh, King Fahd International Airport in Dammam, Abha Airport, as well as Qassim and Hail, Bisha and Baha, Jizan and Yanbu and Al-Ahsa airports.
GACA has $10bn worth of projects underway to renovate or modernise airports, systems and facilities.