Aviation Authority planning airport land investments, to be offered to private sector investors
The General Authority for Civil Aviation (GACA) is planning new investments at its airports’ lands to be offered to local and foreign private sector investors, according to Sakhr Al-Mulhem, the Authority’s General Manager of Property and Commercial Development. Proposed investment projects include commercial service centres, hotels and hotel apartments, hospitals, medical centres, cargo areas and shopping malls. The targeted airports in the first phase are King Abdulaziz International Airport, King Khalid International Airport, King Fahd International, Abha, Qassim, Al Ahsa, Jazan, Bisha, Al-Baha and Yanbu. The announcement is in line with GACA's previously announced strategy to privatise some activities at its airports to generate investments and income. (Argaam)
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