{"id":74541,"date":"2023-10-31T00:00:00","date_gmt":"2023-10-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2023\/10\/31\/saudi-arabia-overhauls-aviation-sector-policies-to-privatize-airports-air-cargo-services\/"},"modified":"2023-10-31T00:00:00","modified_gmt":"2023-10-31T00:00:00","slug":"saudi-arabia-overhauls-aviation-sector-policies-to-privatize-airports-air-cargo-services","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2023\/10\/31\/saudi-arabia-overhauls-aviation-sector-policies-to-privatize-airports-air-cargo-services\/","title":{"rendered":"Saudi Arabia overhauls aviation sector policies to privatize airports, air cargo services"},"content":{"rendered":"

Saudi Arabia\u2019s <\/strong>General Authority of Civil Aviation<\/a><\/strong>(GACA) is looking to <\/strong>attract <\/strong>more private firms to its aviation sector<\/strong>through an economic policy overhaul<\/strong>, according to a press release<\/a>. The move comes as the kingdom looks to boost competition in its domestic aviation industry, with a target to pull in some USD 100 bn to the sector by the end of the decade. <\/p>\n

Privatization is on the agenda: <\/strong>The authority is looking to draw in the private sector to take over airports, ground handling operations and air cargo, the press release adds. It is also planning to provide airports with incentives, including the introduction of competition standards at airports, as well as anti-competitive pricing measures, the statement added.<\/p>\n

As is streamlining licensing operations:<\/strong> The authority also says it will facilitate the economic licensing process for air transport operators and investors, including cargo service providers, according to the statement. <\/p>\n

The ball is already rolling: <\/strong>Saudi Arabia\u2019sAbha International Airport, Taif International Airport, Ha\u2019il Regional Airport and Al Qassim International Airport have already expanded their qualifying rules to allow for private operators to take over, Bloomberg<\/a> reports. GACA has already received inquiries from potential investors who are looking to tap into the aviation sector, Bloomberg quotes GACA\u2019s executive vice president for economic policies and logistics services Awad Al Sulami as saying. <\/p>\n

What they said: <\/strong>\u201cThe regulations create an open, dynamic and competitive market, setting a level playing field for global operators and investors in the Kingdom,\u201d GACA President Abdulaziz Al Duailej said. Once fully operational, the new policies will draw in larger numbers of investors, Al Sulami added.<\/p>\n

Foreign carriers will benefit too: <\/strong>The new policies will exempt charter flights from economic licensing requirements, according to the statement. <\/p>\n","protected":false},"excerpt":{"rendered":"

The move comes as the kingdom looks to boost competition in the sector and rein in some USD 100 bn in investments by 2030<\/p>\n","protected":false},"author":1,"featured_media":74542,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[177],"tags":[145,17,656,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74541","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-aviation","tag-aviation","tag-enterprise-logistics","tag-privatization","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"a420c4ee-4730-47e6-b34b-eced5c0b777a","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/10\/1469.png","photo_position":"above","homepage_title":"","full_issue_title":"","related_issue":[74536],"teaser":"The 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