Saudi Arabia Targeting 330 Million Airline Passengers a Year by 2030, Says GACA Chief

Conference held Monday to discuss the recently launched National Strategy for Transport and Logistics  - SPA
Conference held Monday to discuss the recently launched National Strategy for Transport and Logistics - SPA
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Saudi Arabia Targeting 330 Million Airline Passengers a Year by 2030, Says GACA Chief

Conference held Monday to discuss the recently launched National Strategy for Transport and Logistics  - SPA
Conference held Monday to discuss the recently launched National Strategy for Transport and Logistics - SPA

Saudi Arabia plans to increase the number of international aviation routes from 99 to over 250 and more than triple total annual passenger traffic from 109 million in 2019 to 330 million by 2030, said Abdulaziz Al-Duauilj, the head of the aviation authority (GACA).

Speaking during a press conference on Monday to discuss the recently launched National Strategy for Transport and Logistics, Al-Duauilj said annual capacity at Riyadh’s King Khalid International Airport and Jeddah’s King Abdulaziz International Airport would each expand to 100 million passengers.

He also said the kingdom was aiming to become a global air freight logistics hub, handling 4.5 million tons of air cargo a year, up from 900,000 in 2019.

Speaking at the same event, Saudi Minister of Transport and Logistic Services Saleh bin Nasser al-Jasser affirmed the kingdom's plans to invest over 500 billion riyals ($133.34 billion) in airports, sea ports, rail and other infrastructure by the end of the decade in a bid to make Saudi Arabia a global transportation and logistics hub.

He also said that the strategy includes many mega projects, with over 500 billion riyals earmarked for investment.



World Bank Redirects Funds Towards Lebanon Emergency Aid

Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
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World Bank Redirects Funds Towards Lebanon Emergency Aid

Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)
Flames rise from Israeli airstrikes in Dahiyeh, Beirut, Lebanon, Friday, Oct. 4, 2024. (AP Photo/Hussein Malla)

The World Bank announced on Thursday that it was redirecting funds originally earmarked for development programs in Lebanon towards emergency aid for people displaced by Israeli bombardment of the country.

"The World Bank is activating emergency response plans to be able to repurpose resources in the portfolio to respond to the urgent needs of people in Lebanon," said a statement from the US-based multilateral institution.

The multilateral institution currently has $1.5 billion in funding for programs in Lebanon. Part of this amount will be redirected.

Since September 23, more than 1,000 people have been killed in an Israeli air-and-ground campaign on Lebanon that has targeted armed group Hezbollah in the south and east of the country, with strikes expanding to include the capital Beirut.

Thousands have been displaced since the bombing began, and the funds would be used to provide aid to those populations, the World Bank said.

"This would include emergency support to displaced people that could be deployed through a digital platform the World Bank helped put in place during the Covid epidemic," the statement said.