Saudi Arabia’s aviation sector’s efficiency and competitiveness are set to receive a boost thanks to the new economic regulations that are likely to be introduced.
According to a statement, the General Authority of Civil Aviation has put forward the draft economic regulations for airports on a survey platform between June 22 and July 20.
The regulations aim to support the sector’s rapid growth, enhance passenger experience and ensure transparency and fairness.
In addition, they stipulate that the Saudi government shall retain ownership of fixed assets such as lands on which the Kingdom’s airports are located.
The authority also indicated that the management of these assets could be granted to private entities through lease contracts, franchise rights, or public partnerships.
The regulations added that the GACA would control nonnavigational and navigational services fees.
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