Saudia Cargo launched expansion projects on Monday (10 September) for its facilities at King Abdul Aziz International Airport in Jeddah and King Khalid International Airport in Riyadh, reports the Arab News.
The investment is reportedly part of the carrier’s transformation initiative, Strategy 2020, which aims to double cargo capacity and enhance the business’s capability to support the Kingdom’s Vision 2030.
Saudia Cargo chairman, Fawaz Al-Fawaz is reported as saying the projects aim to “achieve a qualitative leap in the level of logistics services provided by the business”.
He said to Arab News that in 2017 Saudia’s revenues increased by 10.9 per cent and cargo transported grew by 12.6 per cent compared to 2016, while the number of stations increased to 63 internationally and 25 domestically.
Arab News also reported that Saudia Cargo chief executive officer, Omar Bin Talal Hariri, revealed the aim is to increase capacity at King Khalid International Airport to 530,000 tonnes a year, and the facility to 75,000 square metres.
The publication also reports that capacity at King Abdul Aziz I|international Airport will increase to 820,000 tonnes in a 131,000 square metre facility.
Hariri also told Arab News that Saudia Cargo will later this year join the SkyTeam Airline Alliance.
