Saudi Arabia is considering building a new airport in Riyadh to serve as a new airline base for the Public Investment Fund to launch the number of tourists to the Kingdom.
According to Arabic Net, the 430 billion dollars fund said earlier this year, he plans to invest in the aviation sector to support tourism boom in the kingdom.
According to the sources, who asked not to be identified, the new airline that was posted locally earlier this year, would serve tourists and business travelers, while the current Saudi Airlines will focus on Hajj and Umrah sector from its base in Jeddah. / p>
> The Public Investment Fund is also studying the idea of investing billions at new international airport in Riyadh, according to Bloomberg, while the size of the facility and its technical schedule has not been determined. The General Investment Fund can decide not to move forward in those plans.
IFAD spokesman declined to comment on plans to establish a new airport in Riyadh and referred to previous commitments in the sector and studying the establishment of a new company to support the aspirations of the aviation sector locally, according to the agency.
The project would enhance the Kingdom's goal to attract 100 million tourists annually by 2030, an increase estimated at 2019. The opening of the country is a key part of the Saudi Crown Prince's strategy Prince Mohammed bin Salman for economic diversification far from relying on oil sales. / p>
Saudi Airlines owned by the country is the largest airline in the country, with a fleet of 144 aircraft consisting of a combination of broad-body aircraft and tight the body from Airbus and Boeing, according to its website.
Other airlines in the country include a low-cost Adele Airlines, owned by Saudi Airlines, and NAS, owned by Kingdom Holding.
According to its website, King Khalid International Airport in Riyadh served more than 28.5 million passengers per year before the spread of the epidemic.
The Kingdom's economic transformation plan has identified the Hajj and Umrah sector as an important source of non-oil revenues. Officials wants to attract 30 million pilgrims and ambit annually by 2030. The Hajj and Umrah brought more than $ 20 billion in 2018, equivalent to 2.7% of GDP The Kingdom.
Saudi Arabia in September 2019 opened applications for a tourist visa and includes plans to expand visits to entertain a new vision of Modern New City, which is expected to cost $ 500 billion.
