Saudi Arabia prepares to cut airport taxes by 35%

Saudi Arabia has announced it will cut airport charges by up to 35% in an attempt to compete in a region that already has some of the largest passenger hubs in the world, according to Bloomberg.

The Saudi Arabian Civil Aviation Authority announced at the Farnborough International Air Show in the UK that the cuts, which will apply to Riyadh, Jeddah and Dammam airports and will be implemented later this year, are the next step, Bloomberg reports. in the continuous privatization of the sector.

The Directorate General of Civil Aviation said that airports will be given the option to lower fees below their posted maximum limits to achieve maximum growth.

It should be noted that on July 15, the General Directorate of Civil Aviation announced the opening of the airspace of the Kingdom for all air carriers that meet the requirements of the authorities to cross the airspace.

In a statement, she said: “As part of the Kingdom of Saudi Arabia’s desire to fulfill its obligations under the Chicago Convention of 1944, which requires non-discrimination against civil aircraft used in international air navigation, and as a continuation of efforts to strengthen the Kingdom’s position as a global platform connecting three continents, and improving international air traffic, the Directorate General of Civil Aviation announces its decision to open the Kingdom’s airspace to all air carriers that meet the requirements of airspace crossing authority.

Source: Bloomberg+RT