Saudi Arabia plans to open its domestic aviation industry to more competition, part of an overhaul that the government estimates will drive a $100 billion investment in the sector by the end of the decade.
Among the plans laid out by the General Authority of Civil Aviation, airports and ground-handling operations will be allowed to be privatized, and airports will also receive an incentive plan to raise their quality standards, according to a statement. License processes for ground handling and air cargo service providers will also streamlined. according to the release.
“The regulations create an open, dynamic and competitive market, setting a level playing field for global operators and investors in the Kingdom,” said GACA President Abdulaziz Al-Duailej.
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