April 11- Investors are raising questions about the viability of the SAR6 billion ($1.6 billion) private airport in Madinah, when the authorities have been unable to collect fees from the government carrier Saudi Arabian Airlines.
The airline owes billions of riyals to the General Authority for Civil Aviation (GACA), which regulates the industry and owns the kingdom's airports and was on a road show in Dubai recently to test investor interests. According to source, firms like the HSBC, Australian bank Macquarie Capital, and local contractors Saudi Oger and Saudi Binladin Group attended the meetings in Dubai last week and were concerned about the Saudi Arabian Airlines' outstanding bills. The carrier, owes SAR11 billion to GACA.
Sources added that this huge unpaid bill as well as the money the kingdom spends on its airline along with large discounts for fuel has weakened the sector and hurt upstart private carriers.
Both Saudi Airlines and GACA have decided to privatize their assets in the coming years.
The main public piazza of the city, this square acts as an intersection between two of Sana'a’s major urban districts. It is consequently lined with eateries and shopping outlets, features a mesmerizing fountain in the center, and is a popular hangout space for residents of the surrounding neighborhoods. In addition, the square also acts as the city’s cultural center – it contains 3 major museums ...
Housed in a 19th century building, this museum displays an interesting collection of manuscripts, antique furniture, sculptures, carvings, china, demon masks and ancient royal regalia. The museum is closed on Fridays and on all public holidays. Open: 9AM-5PM Department of National Museums, Colombo 7. Phone: 0094112 694767. ...
Chicago can boast of being a very child-friendly city with all there is for them to see and do. Adler Planetarium & Astronomy Museum This is the only museum that currently has two full size planetarium theatres. A permanent exhibition, Shoot for the Moon, highlights the exciting stories of space exploration and America’s bold plans to return to the moon. In Mission: Moon, young visito...
The Dubai Dolphinarium is the first of its kind in the Middle East. The main attraction is the dolphin shows, held two or three times daily. Marvel at the agility, grace, and intelligence of these magnificent creatures. Twenty minute dolphin swims are also available to visitors. It may be a bit expensive, but swimming with dolphins is a unique and profound experience. ...