Saudi Arabia to Restart Privatization Plan for 29 Airports
King Khaled International airport in Riyadh, Saudi Arabia.
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Saudi Arabia is relaunching the privatization of its airports in an effort to diversify the kingdom’s oil-dominated economy and secure investment as it seeks to triple annual visitor numbers by 2030.
Ownership of the 29 airports has already been moved to a new entity, Matarat, in order to prepare them for the process, Abdulaziz Al Duailej, president of the General Authority of Civil Aviation, said in an interview Monday. An international investor roadshow could start in the next 12 to 18 months.