Arabian Reach recently announced that it is coordinating with the General Authority of Civil Aviation (GACA) in Saudi Arabia to bring together aviation industry players during the inaugural ‘Kingdom Airports, Aviation and Logistics Exhibition’ (KAALE) scheduled to take place from May 1st – 2nd, 2012 in Jeddah.
Being held under the patronage of HH Prince Fahd Bin Abdullah Bin Mohammed Al-Saud, president of GACA, KAALE 2012 will focus on capitalizing on the opportunities emerging in the aviation, airports and logistics sector in Saudi Arabia.
Importantly, the event takes places at a time when the Saudi government has aggressive plans to overhaul existing transportation infrastructure, with over US$100 billion worth of investments expected to flow into the large-scale airports, seaports, rail, road and logistics projects in the next decade. The Government’s next five year plan in fact has made an allocation for over US$ 30 billion for the purpose.
“Saudi Arabia plans to invest heavily in constructing new airports in the country, while also expanding existing airports over the next decade. The Kingdom is estimated to be investing US$10 billion – US$20 billion for developing and upgrading airports by 2020, with private companies expected to contribute as much as US$10 billion to the projects. This event will serve as the platform to facilitate networking and develop key industry contacts eventually leading to securing new contracts,” said Raj Menon, general manager, Arabian Reach.
Among the several major airport development projects in the Kingdom is the King Abdulaziz International Airport in Jeddah, which is being renovated and expanded as part of a three-phase, US$11.3 billion project that is due to be completed in 2035. The purpose of the project is to increase the airport’s capacity from 15 million to 80 million passengers per year. Expansion is also taking place at Prince Mohammed Bin Abdulaziz Airport in Medina – the first that GACA is developing under a PPP contract – to increase the hub’s passenger capacity by 14 million every year up to 2016. Phase 1 of this project will cost US$ 1.5 billion.