Strategy Note /
Saudi Arabia

King Salman International Airport a step towards vision realization

  • The Crown Price Mohammed Bin Salman announced the masterplan of King Salman International Airport (KSIA) in Riyadh.

  • The new airport will be one of the largest airports in the world

  • The announcement comes in line with the National Transport Strategy and the Global Supply Chain Resilience Initiative.

SNB Capital
5 December 2022
Published bySNB Capital

Crown Prince  announces master plan for new Airport in Riyadh-King Salman International Airport

The Crown Price Mohammed Bin Salman announced the masterplan of King Salman International Airport (KSIA) in Riyadh. The new airport will be one of the largest airports in the world, with a capacity to handle 120mn passengers by 2030 and 185mn passenger by 2050. The airport is also expected to have a capacity to process 3.5mn tons of cargo by 2050. The airport is expected to have an area of 57sqkm, with 6 parallel runways along with 12sqkm of airport support facilities. The announcement comes in line with the National Transport Strategy and the Global Supply Chain Resilience Initiative. The new airport is expected to add SAR27bn annually towards Saudi’s non-oil GDP. 

Key point

  • We see this as a major development towards achieving the National Transport strategy and the Global Supply Chain Resilience initiative, as this will enable Saudi to further enhance its efforts towards a reliable and strong infrastructure and to lower its reliance on global supply chain, while enhancing its home grown capability.

  • We foresee, the development of the project to benefit multiple sectors at different stages.

  • Building, construction, and cement: The pickup in construction activity at the project is expected to reflect positively on cement demand, along with the building and construction related companies. Cement companies with proximity to the central region include Yamama Cement, Riyadh Cement, Qassim Cement, City Cement, and Saudi Cement.

  • From an industrial perspective, Zamil and Shaker can also benefit if they are awarded contract for the project.

  • Transportation and Tourism: Post the completion of the project the rise in the number of flights and passengers will have a positive impact on Saudi Catering and Saudi Ground Services (SGS). While Budget and Theeb and Lumi (Seera) will also benefit from the higher number of passengers traffic.