Saudi Arabia’s General Authority of Civil Aviation (GACA) and Matarat Holding Company, revealed on Wednesday the official transformation of 25 airports across the kingdom to private sector bodies fully owned by a new holding company.
Additionally, the two parties announced the launch of Jeddah Airports Company and the Cluster 2 Company, in line with the royal decree to separate legislation and operations across the kingdom’s aviation sector.
The National Strategy
The transformation aims to implement the National Civil Aviation Sector Strategy approved by the cabinet as part of Saudi’s Vision 2030 programme to develop its airports and boost their operational efficiency to enhance the customer experience and support the sector’s contribution to the kingdom’s gross domestic product (GDP).
Saudi’s Minister of Transport and Logistics Services, Saleh Bin Nasser Al Jasser praised the national strategy for transport and logistics, announced by Crown Prince Muhammad Bin Salman to support the kingdom’s aviation sector and boost its national economy.
Developing the aviation sector
“The launch of Jeddah airports and Cluster 2 Company, comes within the framework of the Authority’s outstanding efforts to improve airport services in the Kingdom, through the Matarat Holding and affiliated companies to manage and operate Saudi airports in a modern and developed manner,” Advisor to GACA President for Governance and Executive Projects, Sulaiman Bin Ahmed Al Bassam said, noting that “airports are a cornerstone of the air transport industry and play a vital role in the field of development.”
Cluster 2 Company, will be assigned to operate, manage and develop 22 airports across the kingdom to support the national economy and improve the sector’s overall performance.
Source: https://www.aviationbusinessme.com/news
