Crown Prince Mohammed Bin Salman, Prime Minister and Chairman of the Council of Economic and Development Affairs (CEDA), and Chairman of the Public Investment Fund (PIF), announced the master plan for King Salman International Airport, which is expected to contribute 27 billion riyals ($7.2 billion) annually to non-oil GDP.
The airport will boost Riyadh’s position as a global logistics hub, stimulate transport, trade, and tourism, and act as a bridge linking the East with the West.
Additionally, the project is in line with Saudi Arabia’s vision to transform Riyadh to be among the top ten city economies in the world and to support the growth of Riyadh’s population to 15–20 million people by 2030.
King Salman International Airport is expected to be one of the world’s largest airports covering an area of approximately 57 km2, allowing for six parallel runways and including the existing terminals named after King Khalid.
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It will also include 12km2 airport support facilities, residential and recreational facilities, retail outlets, and other logistics real estate.
The airport aims to accommodate up to 120 million travelers by 2030 and 185 million travelers by, with the capacity to process 3.5 million tons of cargo by 2050.
The new airport is expected to create 103,000 direct and indirect jobs, in line with Vision 2030 objectives, according to the state news agency SPA.
