AUGAF
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
PSX
Currencies
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • CommoditiesNew
  • Contact
No Result
View All Result
AUGAF
No Result
View All Result
Home Business

MBS Announces King Salman International Airport to Make Riyadh A Global Hub

admin-augaf by admin-augaf
November 28, 2022
in Business
Reading Time: 2 mins read
0
MBS Announces King Salman International Airport to Make Riyadh A Global Hub

King Salman International Airport aims to accommodate up to 120 million travelers by 2030 and 185 million travelers, with the capacity to process 3.5 million tons of cargo, by 2050.

Share on FacebookShare on TwitterWhatsapp

Riyadh November 28 2022: His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz, Prime Minister and Chairman of the Council of Economic and Development Affairs (CEDA), Chairman of the Public Investment Fund (PIF), today announced the masterplan for King Salman International Airport which will boost Riyadh’s position as a global logistics hub, stimulate transport, trade and tourism, and act as a bridge linking the East with the West.

The airport project is in line with Saudi Arabia’s vision to transform Riyadh to be among the top ten city economies in the world and to support the growth of Riyadh’s population to 15–20 million people by 2030.

King Salman International Airport is expected to be one of the world’s largest airports covering an area of approximately 57 km2, allowing for six parallel runways and including the existing terminals named after King Khalid. It will also include 12km2 of airport support facilities, residential and recreational facilities, retail outlets, and other logistics real estate. The airport aims to accommodate up to 120 million travelers by 2030 and 185 million travelers, with the capacity to process 3.5 million tons of cargo, by 2050.


It will become an aerotropolis centered around a seamless customer journey, world-class efficient operations, and innovation. Riyadh’s identity and the Saudi culture will be taken into consideration in the airport’s design to ensure a unique travel experience for visitors and transit travelers.

With sustainability at its core, the new airport will achieve LEED Platinum certification by incorporating cutting edge green initiatives into its design and will be powered by renewable energy.

The announcement comes as part of PIF’s strategy which focuses on unlocking the capabilities of promising sectors to enhance Saudi Arabia’s efforts in diversifying the economy, and it is in line with the National Transport Strategy and the Global Supply Chain Resilience Initiative. The new airport is expected to contribute 27 billion Saudi riyals annually to non-oil GDP and to create 103,000 direct and indirect jobs, in line with Vision 2030 objectives.


Source: SPA

Related Posts

KSA Ranked Second among the World’s Most Responsive and Flexible Countries in Dealing with COVID-19

Biden to visit Saudi Arabia on July 15

Saudi Arabia, Pakistan Agree On Oil Deal Report Financial Times

Hilton To Open Upscale Double Tree Hotel In Nathiagali Pakistan-AUGAF


Tags: Saudi ArabiaTourismTravel
admin-augaf

admin-augaf

Related Posts

Rebar futures gain 4.3 percent on oil spike, ambitious economic forecast
Business

Rebar Prices Top PKR 3 Lac for the First Time in Pakistan

February 5, 2023
A model of oil barrels is seen in front of Russian and Indian flags in this illustration taken, December 9, 2022. AUGAF/REUTERS/Dado Ruvic/Illustration/File Photo
Business

Indian Refiners Pay Traders in Dirhams for Russian Oil – Reuters

February 5, 2023
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, October 25, 2022. AUGAF/REUTERS/ Ahmed Yosri
Business

Saudi Energy Minister Warns Sanctions Could Result in Energy Shortages

February 5, 2023

Recent News

Rebar futures gain 4.3 percent on oil spike, ambitious economic forecast

Rebar Prices Top PKR 3 Lac for the First Time in Pakistan

February 5, 2023
The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. AUGAF/REUTERS/Randall Hill

U.S. Fighter Jet Shoots Down Suspected Chinese Spy Balloon

February 5, 2023
Pakistan Former President Pervez Musharraf Passed Away

Pakistan Former President Pervez Musharraf Passed Away

February 5, 2023
A model of oil barrels is seen in front of Russian and Indian flags in this illustration taken, December 9, 2022. AUGAF/REUTERS/Dado Ruvic/Illustration/File Photo

Indian Refiners Pay Traders in Dirhams for Russian Oil – Reuters

February 5, 2023
Saudi Arabia's Minister of Energy Prince Abdulaziz bin Salman Al-Saud speaks at the Future Investment Initiative conference, in Riyadh, Saudi Arabia, October 25, 2022. AUGAF/REUTERS/ Ahmed Yosri

Saudi Energy Minister Warns Sanctions Could Result in Energy Shortages

February 5, 2023

Popular News

  • Central Directorate of National Savings

    President Prohibit National Savings For Changing Rates on Existing Certificates Retrospectively

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Appreciate against Dollar in Interbank as IMF Confirmed Board Review Date

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall After 13 Days of Successive Gains against Dollar on Lower Remittances and Strengthening of US Dollar

    0 shares
    Share 0 Tweet 0
  • Pakistan Central Bank Issued Show Cause Notice to Eight Banks Over Currency Speculation

    0 shares
    Share 0 Tweet 0
  • Pakistan Rupee Fall for the Straight Second Day Against Dollar on Opening of LCs

    0 shares
    Share 0 Tweet 0

Categories

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology
AUGAF Logo

Follow us on social media:

Recent News

  • Rebar Prices Top PKR 3 Lac for the First Time in Pakistan
  • U.S. Fighter Jet Shoots Down Suspected Chinese Spy Balloon
  • Pakistan Former President Pervez Musharraf Passed Away

Category

  • Budget
  • Business
  • Culture
  • Finance
  • International
  • National
  • News
  • Politics
  • PTI
  • Sports
  • Technology

Recent News

Rebar futures gain 4.3 percent on oil spike, ambitious economic forecast

Rebar Prices Top PKR 3 Lac for the First Time in Pakistan

February 5, 2023
The suspected Chinese spy balloon drifts to the ocean after being shot down off the coast in Surfside Beach, South Carolina, U.S. February 4, 2023. AUGAF/REUTERS/Randall Hill

U.S. Fighter Jet Shoots Down Suspected Chinese Spy Balloon

February 5, 2023
  • Home
  • Politics
  • News
  • Business
  • National
  • Finance
  • Technology
  • International

© 2021 AUGAF.

No Result
View All Result
  • Home
  • Politics
  • Business
  • National
  • News
  • Finance
  • Technology
  • Sports
  • International
  • Commodities
  • Contact

© 2021 AUGAF.