SAUDI ARABIA. Riyadh Airports Company (RAC), operator of King Khalid International Airport (KKIA), has brought management of car parking at its international terminals in-house from this month. The concession had previously been managed by a third party operator from January 2017.
RAC said the international terminals are now aligned to the business model for the domestic terminal (Terminal 5) which came in-house in March 2019.
That change, it noted, allowed RAC to drive incremental sales of +14% pre-pandemic and grow net income substantially. Terminal 5 car parking has continued to drive sales significantly above passenger growth as the recovery has accelerated.
