DACO Plans to Transform Dammam Airport into Regional Hub

Dammam Airports Company (DACO) Logo
Dammam Airports Company (DACO) Logo
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DACO Plans to Transform Dammam Airport into Regional Hub

Dammam Airports Company (DACO) Logo
Dammam Airports Company (DACO) Logo

Dammam Airports Company (DACO) is planning to transform King Fahd International airport into a regional hub at the level of passengers and cargo volumes as the airport expands its infrastructure and welcomes new airlines, according to DACO CEO Turki Abdullah al-Jawini.

The airport is positioning itself as a regional passenger and cargo hub, added Jawini.

“We would like to take advantage of the strategic location of King Fahd International airport as the Kingdom’s eastern gateway; its proximity to one of the largest sea ports, Dammam Port and its proximity to (other) GCC capitals. All this combined can make the perfect ingredients to make a logistic cargo hub at the airport,” he said.

Speaking to Asharq Al-Awsat on the sidelines of the 18th Airport Show in Dubai, UAE, Jawini indicated that the impact of this strategy is becoming clearer from today, and many airlines and shipping companies are interested in the airport.

Jawini believes the transformations in Saudi Arabia and the economic reforms have greatly contributed to attracting investors and businessmen.

"The task today is to be ready to keep up with the economic growth in Saudi Arabia," he asserted.

DACO was established in July 2017 as a private company owned by the Government and wholly owned by Civil Aviation Holding Company, in preparation for the privatization of King Fahd International Airport, within the objectives of Vision 2030.

When asked about features that attract passengers to King Fahd Airport, Jawini indicated that it's the experience as whole, especially that the airport is easily accessed from cities in the region.

There are currently 37 airlines serving the airport, and soon new companies and destinations will be announced.

He stressed that one of the objectives of the airport strategy is to increase international direct flights and revealed ongoing talks with international airlines.

The CEO pointed out there are positive signs "from some companies eager to start operating, and I think it is a matter of time" until that happens. He added the airport's aim in the coming months is to work to reach the desired goal.

The first-quarter passenger figures for this year were “very promising,” said Jawini, with 4.2 percent growth in passenger numbers compared to the same quarter last year.

“The airport over the last few years has seen a very positive growth trend,” he indicated, adding that the airport expects a 6 to 8 percent growth this year. The airport served 9.8 million passengers last year.

"We are always studying the number of passengers and airport's capacity," stated the CEO and a new hall or section will be opened once needed.

As for smart technologies used for the enter and exit of travelers, Jawini revealed there is a full coordination with the authorities and boarding gates were installed and the technology will be used in all aspects that serve the passenger.

DACO has signed two strategic agreements with Vanderlande and Serco Middle East within the company's plan to enhance operational abilities of the airport.

The agreement with Vanderlande was signed to develop a new baggage-handling system at the airport that will help make travel procedures smoother for airport personnel, passengers and airlines. The deal with Serco Middle East to install fire and rescue services at the airport.



Turkish Manufacturing Contracts, Hit by Iran War Disruption, PMI Shows

 A full moon rises over the Galata Tower in Istanbul, Türkiye, June 29, 2026. (Reuters)
A full moon rises over the Galata Tower in Istanbul, Türkiye, June 29, 2026. (Reuters)
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Turkish Manufacturing Contracts, Hit by Iran War Disruption, PMI Shows

 A full moon rises over the Galata Tower in Istanbul, Türkiye, June 29, 2026. (Reuters)
A full moon rises over the Galata Tower in Istanbul, Türkiye, June 29, 2026. (Reuters)

Türkiye's manufacturing ‌sector contracted in June as the war in the Middle East disrupted demand and supply, a business survey showed on Wednesday.

The Istanbul Chamber of Industry's Türkiye Manufacturing Purchasing Managers' Index, compiled by S&P Global, fell to 47.1 in June from 49.8 in May. The 50-mark separates growth from contraction.

Output returned to decline after rising slightly in May, with firms ‌citing market uncertainty ‌linked to the conflict ‌in ⁠the Middle East, softer ⁠new orders and higher prices.

Demand weakened further, with total new orders posting a solid decline and new export business also falling again after expanding in May.

Companies also cut purchasing activity, while employment continued to be scaled ⁠back. Suppliers' delivery times lengthened again, although ‌the deterioration was ‌the least marked since February.

There were some signs ‌of easing price pressures. Input cost inflation slowed ‌for a second straight month to its weakest since November, while output price inflation eased to its lowest level so far this year.

The June ‌survey reversed some of May's improvement and extended the sector's downturn to ⁠27 ⁠consecutive months. Firms also reduced stocks of purchases and finished goods amid muted demand conditions, the panel showed.

"The Turkish manufacturing sector took a step back in June, posting a renewed softening of production amid muted new orders. Anecdotal evidence from the survey indicated that the war in the Middle East continued to be the principal cause of the challenges facing firms," said Andrew Harker, economics director at S&P Global Market Intelligence.


Oil Edges Higher as Breakdown in Iran-US Talks Raises Supply Concerns

FILE PHOTO: A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, US, October 8, 2025. REUTERS/Arathy Somasekhar/File Photo
FILE PHOTO: A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, US, October 8, 2025. REUTERS/Arathy Somasekhar/File Photo
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Oil Edges Higher as Breakdown in Iran-US Talks Raises Supply Concerns

FILE PHOTO: A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, US, October 8, 2025. REUTERS/Arathy Somasekhar/File Photo
FILE PHOTO: A pumpjack, used to help lift oil from a well, in the Permian basin near Midland, Texas, US, October 8, 2025. REUTERS/Arathy Somasekhar/File Photo

Oil prices ticked higher on Wednesday on concerns a breakdown in talks between Iran and the US for a final agreement to end their war may extend supply disruptions in the key Middle East producing region.

Brent futures rose 14 cents, or 0.19%, to $73.09 a barrel at 0644 GMT, while US West Texas Intermediate (WTI) crude was up 11 cents, or 0.16%, to $69.61 a barrel, Reuters said.

"Hormuz continues to reopen but it's patchy, unpredictable, and not fully transparent,” said Vandana Hari, founder ‌of oil market analysis ‌provider Vanda Insights.

"Unless there is a fresh understanding ‌between ⁠Washington and Tehran, the ⁠market may wait and watch for sustained peace and quiet before crude resumes bearish momentum."

US President Donald Trump's son-in-law Jared Kushner and envoy Steve Witkoff arrived in Doha for what the White House described as "high level" talks on Tuesday, but Iran and host Qatar said they would meet with mediators, rather than the Iranians themselves.

Qatar said Prime Minister Sheikh Mohammed bin Abdulrahman al-Thani was among those to meet with ⁠Witkoff and Kushner. Brent fell by around $45 a barrel in ‌the second quarter of this year, its largest ‌quarterly loss since the global financial crisis in 2008. US crude futures meanwhile fell by ‌around $31, their largest quarterly loss since 2020, when the COVID-19 pandemic crushed global oil ‌demand.

The declines followed progress toward ending the Middle East conflict, after sharp gains in March triggered by the outbreak in hostilities.

Analysts have cut their 2026 oil price forecasts for the first time since the Iran war began, after five straight monthly increases, as the ‌reopening of the Strait of Hormuz eased concerns over prolonged supply disruptions, a Reuters poll showed on Tuesday.

US Vice President ⁠JD Vance said ⁠Iran would be prevented from charging tolls through the strait, telling The Michael Knowles Show, "This is not going to end in a place where the Iranians are collecting tolls on ships going through the Strait of Hormuz."

Tanker traffic through the critical waterway has started to recover, with Vance claiming that oil flows through the strait had been restored to pre-war levels.

Meanwhile, US crude oil inventories fell again last week while gasoline stocks also declined, market sources said, citing data from the American Petroleum Institute released on Tuesday.

Crude stocks fell by 6.1 million barrels in the week ended June 26, the sources said on condition of anonymity.

Official US oil stock data from the Energy Information Administration will be released at 10:30 a.m. EDT (1430 GMT) on Wednesday.


Oman Air Targets Tourists on New Singapore Route, Eyes North Asia Expansion

A Boeing 737 MAX 8 operated by Oman Air, on the tarmac at Muscat International Airport, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 13, 2026. (Reuters)
A Boeing 737 MAX 8 operated by Oman Air, on the tarmac at Muscat International Airport, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 13, 2026. (Reuters)
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Oman Air Targets Tourists on New Singapore Route, Eyes North Asia Expansion

A Boeing 737 MAX 8 operated by Oman Air, on the tarmac at Muscat International Airport, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 13, 2026. (Reuters)
A Boeing 737 MAX 8 operated by Oman Air, on the tarmac at Muscat International Airport, amid the US-Israeli conflict with Iran, in Muscat, Oman, March 13, 2026. (Reuters)

Oman ‌Air is looking to capitalize on the Gulf state's appeal as a largely untapped tourism destination as it launches flights from Muscat to Singapore on Thursday and considers an expansion to North Asia over the next year, its CEO said.

The new nonstop Singapore service is underpinned by a lower cost base and the airline's year-old membership in the oneworld alliance to aid with connections, as serving the city-state with a stopover in Kuala Lumpur failed nine years ‌ago, Oman ‌Air CEO Con Korfiatis said in an ‌interview.

"Singapore ⁠is one of the ⁠major global hubs...and Singaporeans are among the most avid travelers in the world," he said. "Oman has moved from being a transit point...to now also being a tourist destination, and that has created a different market opportunity."

Korfiatis said the airline was targeting load factors, or the percentage of seats ⁠filled, in the mid-to-high 70% range in year ‌one for the Singapore route, ‌and first-month bookings were tracking above that level.

The eight-hour flight ‌will be one of the world's longest on a Boeing ‌737 MAX narrow-body and will run four days a week.

The launch comes as the government-owned airline has been executing a transformation plan since early 2024, cutting routes, renegotiating contracts, boosting fleet utilization ‌and reducing headcount.

The airline is also eyeing a return to North Asia for the first ⁠time in ⁠years, with Korfiatis expecting to announce at least one new nonstop destination in the region within 12 months.

He declined to name specific cities but described China, Japan and South Korea as markets of strong interest, citing their travelers' appetite for nature-based and off-the-beaten-track destinations.

Oman's airspace remained open throughout recent Middle East disruptions, giving the airline a brief advantage as passengers rerouted during the early weeks of the Iran war, Korfiatis said.

Load factors had still dipped by around 8 to 10 percentage points at the height of the disruption but had since mostly recovered, he added.