Saudi Arabia's General Authority of Civil Aviation (GACA) announced plans to develop three airports in Qassim, Abha and Al-Jouf with an investment of SAR900 million (USD240 million) (Arab News, 26-Jan-2011). GACA added that it is also renovating the runways of seven domestic airports. Meanwhile, Prince Abdul Majeed Airport in Al-Ula would be opened shortly while Tabuk Regional Airport will be opened in 2Q2011 followed by Najran Regional Airport in 2Q2011.
Saudi Arabia to invest USD240m to develop three airports
You may also be interested in the following articles...
Havana Jose Marti International Airport: Exciting times and the opportunity to become a regional hub
As a result of the restoration of diplomatic relations between Cuba and the United States of America the US President Barack Obama visited Cuba in Mar-2016. In his speeches he placed heavy emphasis on youth, generational shift and the future (the main protagonist of the old guard, Fidel Castro, rejected Obama's visit and his words of reconciliation). This has whetted the appetite of airlines, airport operators, ATM providers and investors seeking opportunities there.
Indeed, and even though Cuba has long been receiving flights from many countries if not from the US (where only ‘special circumstances’ applied), it is possible to bracket these events with other similar outcomes in countries such as Iran and Myanmar. Suddenly, Cuba is ‘open for business’ in the eyes of the western world, but that might not quite be the case. There is a long way ahead and there is a lot to be done, with no guarantees.
This report, while dealing briefly with wider aviation and, indeed, economic issues arising out of the rapprochement, focuses on the country’s leading airport, Havana’s Jose Marti International - and how it stands to gain from these developments; particularly if it could become a regional hub.