Saudi Arabia – entering a new phase of rapid growth
Aviation is a major priority for the government in Saudi, leading to an ambitious expansion plan at the flag carrier Saudia and the opening of massive new terminal at Jeddah Airport.
Taking place in Dubai this April, Airport Show is delighted to host DACO, Riyadh and GACA.
Saudi Arabia recorded 8% passenger growth in 2017 and the rate of growth could reach the double digits over the next few years.
Five airlines now serve the domestic market, compared to only two airlines two years ago. Intensifying competition has led to lower fares, simulating demand and leading to faster growth, although overcapacity is a potential concern.
The international market is expanding rapidly and has an even brighter outlook, driven primarily by rising inbound demand as Saudi Arabia focuses on tourism as part of a diversification strategy.
Read the full article from CAPA here.