Saudi Arabia planning to invest USD12.3 billion in airport development until 2020
Saudi Arabia's General Authority of Civil Aviation (GACA) plans to invest USD12.3 billion in its airports until 2020, adding this figure could increase in the future. GACA is also in the process of establishing a new holding company to manage its 27 airports, initially to be government owned, with the possibility of being privatised sometime between 2012 and 2015. According to GACA President, Abdullah Rehaimi, "we're very behind in the development of our airports, but we're now transforming them into economic zones."
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