Infrastructure Development Progress in
Upcoming Infrastructure Projects
King Abdulaziz International Airport
King Salman International Airport
Riyadh Air
NEOM Airlines
To start operations by 2025
To start operations in 2024
To welcome 120 million travelers by 2030
To be expanded into one of the world's largest airports by 2031, with a capacity of 114 million passengers a year
In another interesting development, Red Sea Global launched Saudi Arabia’s first seaplane company, FlyRed Sea, designed to transport guests to water-based resorts in the Red Sea and Amaala and offer scenic tours. The cruising space has seen a rise in business activity, with Cruise Saudi, a company fully owned by PIF, leading the development efforts in that space.
In a broader context, the aviation industry’s contribution to the economy will be $74.6 billion by 2030, aiding the country’s ambition to transform into a key tourism and logistics hub. Another significant development is the start of the King Salman International Airport project in Riyadh. Developed with sustainability in mind, the airport will incorporate green technology in its design and aim to achieve Leadership in Energy and Environmental Design (LEED) platinum certification. The new airport will feature six runways, with plans to accommodate up to 120 million travelers by 2030.
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