Launching the “King Salman International Airport” plan in Riyadh

Saudi Crown Prince Mohammed bin Salman bin Abdulaziz, Prime Minister, Chairman of the Council of Economic and Development Affairs and Chairman of the Board of Directors of the Public Investment Fund, announced yesterday, Monday, the launch of the master plan for King Salman International Airport, which it is hoped will make Riyadh a gateway to the world.

The announcement of the master plan for King Salman International Airport comes in line with the strategy of the Public Investment Fund, which focuses on unlocking the potential of promising sectors, real estate projects and infrastructure development projects locally, and also in line with the national strategy for transportation and logistics services and the national initiative for global supply chains that support Saudi Arabia’s efforts to diversify the economy.

The announced project is expected to contribute about 27 billion riyals ($7.2 billion) annually to the non-oil gross domestic product, and to create 103,000 direct and indirect job opportunities to contribute to achieving the goals of the Kingdom’s Vision 2030.

The new airport will serve as a global destination for transport, trade and tourism, and a bridge linking the East and West, which establishes Saudi Arabia’s position as a global logistics center, as it will raise the capacity to reach 120 million passengers by 2030, while targeting 185 million passengers, and the passage of up to 3.5 million tons of cargo by 2050.

According to the information, the new airport is expected to contribute to supporting the country’s plans for the city of Riyadh to be among the 10 largest city economies in the world.
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