Saudi to Spend $666m on Airport Expansions
01.03.2010 KSA
Saudi Arabia is spending SR2.5 billion ($666.7 million) to expand the kingdom's airports, the state news-agency SPA reported on Sunday.
'These projects include the development, creation and expansion of 23 airports, locally, that will serve around 9 million travellers annually,' SPA stated.
The projects include the creation of a new SR20 million airport in Taif, located on the Western mountains, as well as a SR300 million expansion of the Najran airport in the south to be completed next year.
Saudi Arabia, the largest Arab economy, boosted its spending on infrastructure, education and healthcare last year in order to stimulate the economy during the global financial crisis.
The country has vowed to spend more than $400 billion as part of its plans to diversify the economy and upgrade its infrastructure, creating more jobs for its growing population of 18 million Saudis.
'These projects include the development, creation and expansion of 23 airports, locally, that will serve around 9 million travellers annually,' SPA stated.
The projects include the creation of a new SR20 million airport in Taif, located on the Western mountains, as well as a SR300 million expansion of the Najran airport in the south to be completed next year.
Saudi Arabia, the largest Arab economy, boosted its spending on infrastructure, education and healthcare last year in order to stimulate the economy during the global financial crisis.
The country has vowed to spend more than $400 billion as part of its plans to diversify the economy and upgrade its infrastructure, creating more jobs for its growing population of 18 million Saudis.
Previous PostSaudi Arabia Buys MBDA Missiles
Latest events
intersec 2025
14 - 16 Jan 2025World Trade Centre (WTC) Dubai - United Arab EmiratesIDEX & NAVDEX 2025
17 - 21 Feb 2025Abu Dhabi National Exhibition Centre - ADNEC - United Arab EmiratesDefence Exhibition Athens - DEFEA
06 - 08 May 2025Metropolitan Expo Athens - GreeceLangkawi International Maritime & Aerospace Exhibition (LIMA)
20 - 24 May 2025Langkawi - Malaysia