Startup Rise - Asia News’ Post

Saudi Arabia’s Public Investment Fund is powering the development of the King Salman International Airport in Riyadh, covering an immense 57 square kilometers! This visionary project will feature six parallel runways while incorporating the existing terminals at King Khalid International Airport. The airport will also include a 12 sq km area for support facilities, residential spaces, retail outlets, and logistics real estate. 🏙️ Project Breakdown: 1. Iconic terminal ✈️   2. Terminal 6 ✈️   3. Private aviation terminal 🛩️   4. Central runway and temporary apron   5. Hangars 🏗️   6. Landside transport 🚍   7. Cargo buildings 🚚   8. Real estate 🌆  📅 Completion Target: 2030   If completed on schedule, King Salman International Airport will be the largest operational airport globally in terms of passenger capacity, aiming to serve 120 million passengers by 2030 and 185 million by 2050. The cargo capacity is also projected to grow, reaching 3.5 million tonnes annually by 2050. 💰 $100 Billion Aviation Investment   This project is part of Saudi Arabia’s broader $100 billion investment in the aviation sector, driven by the Saudi Aviation Strategy. This plan aims to: - Triple annual passenger traffic to 330 million travelers by 2030   - Increase air cargo traffic to 4.5 million tonnes   - Expand air connections to over 250 destinations globally 🌍 📈 The project marks a pivotal step in achieving Saudi Arabia’s Vision 2030 and transforming Riyadh into a global transportation hub. #KingSalmanAirport #AviationInnovation #SaudiVision2030 #GlobalInfrastructure #AirportDevelopment #Riyadh

UK companies win contracts for new Riyadh airport | AGBI Saudi Arabia plans to significantly expand King Salman International Airport in Riyadh, aiming to increase annual passenger capacity from 29 million to 120 million by 2030. British and American companies have been awarded contracts for the airport's development, with Foster + Partners designing the master plan and Jacobs providing consultancy services. The new airport will feature six runways and integrate existing terminals from King Khalid International Airport. Although a construction start date has not been announced, the project is part of broader efforts to enhance air traffic efficiency using advanced technologies. This initiative follows a notable rise in Saudi air passengers and increased spending by GCC tourists in the country. #RiyadhAirport #UKContracts #AviationNews #SaudiInfrastructure #RiyadhDevelopment #AirportExpansion #GlobalAviation

🚆📈 Saudi Arabia Railways Carried 5.1M Passengers in H1, Cargo Transport Up 9% 📈🚆 Saudi Arabia Railways reported a busy first half of the year, transporting 5.1 million passengers and seeing a 9% increase in cargo transport. This growth highlights the expanding role of rail travel in the kingdom. #SaudiArabiaRailways #PassengerTransport #CargoTransport #RailwayGrowth #TransportationNews #SaudiArabia #RailwayStatistics #Logistics #TravelTrends #TransportSector #EconomicGrowth #RailTravel #PublicTransport #CargoIncrease #InfrastructureDevelopment

An approval from Saudi Arabia and an approval from the African Civil Aviation Commission have been obtained. A new airline focusing on the African market will be launched by Saudi Arabia, according to reports. In a report citing multiple sources, Saudi Arabia's Al Eqtisadiah Arabic newspaper reported that the airline will launch in Riyadh to promote tourism and investment in the kingdom and the African continent. According to the report, Saudi Arabia and the African Civil Aviation Commission (AFCAC) have approved the project. Al Eqtisadiah said the company's routes and details of the launch are still to be announced. It will be the relaunch of a defunct airline that operated in Saudi Arabia between 2016 and 2021 but was forced to shut down because of economic difficulties. Several African countries and Saudi cities are expected to be served directly and via stopover flights by the new airline, Al Eqtisadiah said. #ksa #saudi #saudiarabia #saudivision2030 #riyadh2030 #business #growth #finance #funding #airlines #africa Source - Zawya

Saudi Arabia will hold the Third Future Aviation Forum from May 20-22 to unveil USD 100 billion in aviation #investment potential. Airport development in Saudi Arabia receives around USD 50 billion in targeted investments. The Saudi Press Agency (SPA) stated Thursday that airlines will order almost USD 40 billion in new aircraft. The remaining USD 10 billion would be allocated to aviation projects, including USD 5 billion for special logistics zones at Riyadh, Jeddah, and Dammam airports. The #investment push supports Saudi Vision 2030's objective of becoming a Middle Eastern logistics powerhouse and the National Aviation Strategy. The Third Future Aviation Forum in Riyadh is under the patronage of King Faisal Bin Salman Bin Abdulaziz Al Saud and is titled "Elevating Global Connectivity". It will highlight airport, airline, ground services, air freight, and logistics investment prospects. It attracts about 5,000 aviation specialists, airline executives, authority officials, manufacturers, and airport leaders from 100 countries. Advanced air mobility, aviation safety and security, sustainable fuels, digitization and AI in aviation, logistics, global partnerships, and innovation will be discussed. #Transport and Logistic Services Minister Eng. Saleh Al-Jasser emphasised aviation investment prospects in the Kingdom. Through 2030, the National Aviation Strategy aspires to enhance #passenger traffic and connect the Kingdom to over 250 destinations. The initiative aims to ship 4.5 million tonnes of freight annually. Al-Jasser noted Saudi Arabia's location at the crossroads of three continents. He said this helps the country become a #logistical superpower. The Future Aviation Forum builds on this advantage, supporting the civil-aviation sector strategy's goal of making the Kingdom a leading and integrated global logistics hub, as envisioned by the National Transport and Logistics #Strategy. Aviation vendors will learn about Riyadh Air, Saudia Airlines, flynas, and flyadeal's expansion plans.  To share your startup story write us on - contact@startuprise.org #Aviation #RiyadhAir #Logistics #Investment #Airline

King Salman International Airport: A Gateway to Saudi Arabia's Economic Transformation 🇸🇦 | مطار الملك سلمان الدولي The King Salman International Airport, poised to become a cornerstone of Saudi Arabia's aviation infrastructure, promises not just connectivity but also a significant economic boost. Strategically located in Riyadh, the airport's ambitious plans include six parallel runways, a testament to the kingdom's vision for a robust aviation sector. Expected to contribute a substantial SR27 billion ($7.18 billion) annually to Saudi Arabia's non-oil GDP, the airport's economic impact is set to be profound. It aligns with Saudi Arabia's broader economic diversification goals, aiming to reduce dependence on oil revenue. The airport's capacity expansion reflects the kingdom's anticipation of exponential growth in passenger and aircraft traffic, projecting an increase from 29 million to 120 million travelers by 2030 and a staggering 185 million by 2050. https://lnkd.in/g2e-AjXc #modalisnewsfeed #airportir #airports #saudiarabia #pif #infrastructure #publicinfrastructurefund #riyadh #airportdevelopment #ksia

Dammam Airports Company (DACO) Invests SAR 180 Million in King Fahd International's Passenger Experience and Infrastructure. Dammam Airports Company (DACO) has signed contracts worth more than SAR 180 million with Hill International and Kone Saudi Arabia to enhance passenger experience, improve infrastructure, and provide advisory services at King Fahd International Airport. #DammamAirports #KFAIA #SaudiArabia #AirportInvestment #PassengerExperience #InfrastructureUpgrade #ArabTimes #ArabNews #ArabTimesNews

Oman Air targets operating profitability by 2026 MUSCAT: A four-year transformation plan launched by Oman Air seeks to enable the national carrier to achieve, among other objectives, an operating profit by 2026 – a business goal that has eluded the state-owned airline for well over a decade. According to Eng Saeed bin Hamoud al Maawali, Minister of Transport, Communications and Information Technology, who is also Chairman of the Board of Directors of Oman Air, the strategy also enshrines a commitment to reshaping the airline from a state-backed business into a “self-sufficient commercial enterprise”. Oman Air Oman Airports Management Company Ministry of Transport, Communications and Information Technology - Oman Oman Investment Authority Ministry of Heritage and Tourism - Sultanate of Oman Read more: https://lnkd.in/dEVygAVy #OmanAir #NationalCarrier #Airline #CommercialEnterprise #Profits #OmanAirport #Oman #OmanBiz

PQQ Deadline Set for World's Largest Airport in KSA Saudi Arabia’s ambitious King Salman International Airport project is making headlines as the GACA - General Authority of Civil Aviation - Saudi Arabia opens the call for Pre-Qualification Questionnaires (PQQ). This monumental development is poised to redefine Riyadh’s infrastructure and global connectivity. Key Features: ✈️ Six Parallel Runways: Designed to accommodate the busiest air traffic with ease. 🏢 Iconic Terminal: A striking architectural marvel to enhance the travel experience. 🛫 Dedicated Low-Cost Carrier Terminal: Catering to budget-conscious travelers. 📦 Extensive Cargo Facilities: Handling up to 3.5 million tons of cargo annually. 🌆 Vibrant Airport City: A dynamic blend of residential, commercial, and recreational spaces. 🔗 To know more about the project, click the link! 🌐 Register for free to get exclusive updates on this project. https://lnkd.in/dWUSrDiM #Airport #Aviation #Infrastructure #Riyadh #SaudiArabia #Innovation #BNCNetwork #ProjectIntelligence #SaudiArabia