Riyadh Airport stake to be put up for sale

Riyadh Airport stake to be put up for sale
Operations at King Khaled International Airport, Riyadh (KSA) will be privatised in 2016.
Published: 27 July 2017 - 10:22 a.m.
By: Shayan Shakeel

Saudi Arabia is going ahead with its plan to privatise its airports.

The Saudi Civil Aviation Holding Company has hired Goldman Sachs to manage the sale of a minority stake in the airport, according to Reuters.

Riyadh Airport is the second biggest airport in Saudi Arabia, which is undergoing a massive $300 billion privatisation plan to transform its economy. The plan includes the selling of stakes and development of 27 airports in the country.

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