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Tue 27 Dec 2016 12:23 PM

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Saudi Arabia to invite bids for second cargo licence

General Authority of Civil Aviation says will issue request for proposals in February

Saudi Arabia to invite bids for second cargo licence

Saudi Arabia’s General Authority of Civil Aviation (GACA) will invite bids for the second cargo operator’s licence at King Khalid International Airport in Riyadh in February 2017, it announced on Sunday.

In a statement, GACA said the move is part of its efforts to improve services at Saudi airports and open the country’s doors to foreign investors in accordance with the Kingdom’s Vision 2030 economic diversification strategy.

Abdulrahman Al Mubarak, director of the Cargo Concessions Department at GACA, said initial meetings for the second cargo operator’s licence had been concluded.

A formal request for proposals will be issued in February to give interested joint-stock companies sufficient time to work on their bids.

Al Mubarak said having a new cargo operator would help reduce the cost of operations and create job opportunities for the Saudi nationals.

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