Saudi Arabia braces for Eid Al-Fitr rush with anticipated surge in airline passengers

Special Saudi Arabia braces for Eid Al-Fitr rush with anticipated surge in airline passengers
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Updated 10 April 2024
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Saudi Arabia braces for Eid Al-Fitr rush with anticipated surge in airline passengers

Saudi Arabia braces for Eid Al-Fitr rush with anticipated surge in airline passengers
  • Air travel between the UAE and Saudi Arabia alone has witnessed a noticeable surge

RIYADH: Buoyed by the millions of Umrah performers and worshippers throughout the holy month of Ramadan, Saudi Arabia braces for a surge in travel for Eid Al-Fitr. 

The spike is expected to result in a significant rise in the number of arriving and departing passengers from key Umrah airports. 

Air travel between the UAE and Saudi Arabia alone has witnessed a noticeable surge, driven by increasing demand from individuals wishing to perform Umrah rituals during the holy month of Ramadan. The demand generally reaches its peak during the last 10 days of the holy month. 

According to the UAE’s General Civil Aviation Authority statistics, flights between the UAE and Saudi Arabia increased by 13.3 percent in March, rising to around 383 weekly flights compared to approximately 338 in February, coinciding with the beginning of Ramadan. 

Saudi aviation management firm Matarat Holding predicts that overall travelers will reach 6.6 million this year, reflecting a 25 percent growth compared to the previous year. 

Khaled Al-Hamash, executive vice president of strategy at Matarat, told Arab News: “Those traveling on Umrah charter flights are 500,000 passengers and the rest are scheduled. Those traveling from and to international destinations are 4.7 million passengers and the rest are domestic.”   

This comes as the Kingdom witnessed a significant influx of travelers last year. According to data released by Saudi Arabia’s General Authority of Civil Aviation in May 2023, the number of passengers to and from its airports during Ramadan and Eid Al-Fitr exceeded 11.5 million people from the beginning of the holy month until the ninth of Shawwal. 

The success of last year’s hosting sets a precedent for this year’s Eid Al-Fitr celebrations, indicating the Kingdom’s readiness to facilitate travel and accommodate pilgrims during this festive period.  

The impact on traveling during Eid Al-Fitr this year is anticipated to be significant, suggesting that travel demand during the season will be much higher based on previous figures. 

“Eid holidays have traditionally been peak travel season for domestic and international travelers from Saudi,” Muzammil Ahussain, CEO of Almosafer, told Arab News.  

He added: “This year too we have witnessed an initial upsurge in bookings for the Eid travel season. With many preferring to finalize their travel plans closer to the holidays, we are anticipating even greater demand for flights and hotel stays.”  

Ahussain explained that many residents prefer shorter flights and are opting for staycation trips. This choice allows them to spend quality time with family while exploring popular tourist destinations within the country.  

“Trips to AlUla and Al Ahsa are particularly attractive to domestic travelers, with top destinations like Riyadh, Dammam, and Jeddah drawing travelers,” he said.  

For international trips, the CEO noted that destinations including Dubai, Cairo, and European capitals like Paris and London continue to be “all-time favorites” among travelers from Saudi Arabia.  

“This year, we are also witnessing a greater demand for travel to Turkiye and Thailand, as well as far-Eastern destinations like Korea and Japan,” he added.  

Capacity addition   

Given the high demand during the Eid Al-Fitr period, airlines strategically adapt to accommodate the surge in passengers, both domestically and internationally. 

This includes significant increases in seat capacity and flight frequency, ensuring smoother travel experiences for all passengers.  

Saudia, for instance, has significantly increased the number of seats both domestically and internationally for this year’s Eid compared to the previous year’s season.   

According to the Kingdom’s national carrier, the allocation of international sector seats rose by 36 percent to over 246,000 seats, with 602 flights, marking a 44 percent increase compared to Eid 2023.  

Additionally, the domestic sector experienced a surge in seat capacity, with an increase of 21 percent totaling more than 270,000 seats. This was accompanied by 1,300 flights, reflecting a 21 percent increase compared to the previous year’s Eid season.  

“Saudia is committed to providing a flexible operational plan throughout the year and during peak seasons. As we mark the end of Ramadan and the beginning of Eid Al-Fitr, we are seeing a high travel demand and are prepared to provide additional flights and increase seat capacity to address the growing demand,” Sulaiman Yaqoobi, chief operating officer at Saudia Group, told Arab News.  

He added: “We are also sharing the spirit of Eid with Saudia’s guests onboard and at AlFursan lounges by distributing sweets and broadcasting Eid Takbeer, as we always strive to give our guests the best experience possible.”  

Saudia is also capitalizing on this opportunity by offering a promotional deal, featuring a 25 percent discount for travel between Saudi Arabia, other Gulf Cooperation Council countries, and Egypt in the hospitality class.  

The booking window for this offer is from April 7 to April 30, with the travel period spanning from April 9 to Sept. 30, 2024.  

The Almosafer CEO highlighted that Dubai stands out as a “preferred destination” due to its proximity to Saudi Arabia and its visa-free status for Saudi passport holders, making travel there convenient, “which means people can travel with great ease.” 

According to the latest data from the UAE’s GCAA, flydubai increased its flights to the Kingdom by 40 percent from 93 weekly flights in February to 130 flights in March, while Etihad Airways also increased its flights by more than 22.2 percent, from 63 flights in February to 77 flights in March. 

Meanwhile, Emirates operated approximately 67 weekly flights to the Kingdom in March, covering Dammam, Jeddah, Madinah, and Riyadh, while Wizz Air Abu Dhabi operated about 21 weekly flights including Dammam and Madinah. 

Additionally, flights operated by Air Arabia reached approximately 88 weekly flights, the GCAA data showed. 

During Ramadan and the Umrah season, from March 11 to April 7, Etihad Airways successfully transported around 45,000 passengers to its destinations in Saudi Arabia. Most travelers visiting the Kingdom during this period were from the UAE, India, Pakistan, and Indonesia. 

Surge in flights   

The impact on traveling during Eid Al-Fitr is significant, with Saudi Arabia’s demonstrated ability to manage crowds and ensure the smooth operation of religious events providing reassurance to travelers.  

Furthermore, the distribution of passengers across key Umrah airports offers insights into the nation’s transportation infrastructure and connectivity.   

Jeddah’s King Abdulaziz International Airport emerges as the primary gateway for Umrah travelers, accommodating a staggering 81 percent of the anticipated passengers.  

“Although Jeddah’s King Abdulaziz International Airport has the most traffic, Madinah’s Prince Mohammed Bin Abdulaziz International Airport follows suit, handling 16 percent of the total traffic,” Al-Hamash said.  

He added: “Taif International Airport and Prince Abdul Mohsin Bin Abdulaziz International Airport in Yanbu serve as additional entry points.”  

Al-Hamash also outlined the anticipated number of arriving and departing flights, both chartered and scheduled, to and from major Umrah airports during the season, spanning from the first Ramadan to the sixth of Shawwal or until after Eid Al-Fitr.  

“The total expected number of flights surpasses 37,000, indicating a notable 19 percent increase compared to the previous year,” he said.  

Overall, the Umrah and Eid Al-Fitr holidays are playing a key role in reviving the hospitality industry, signaling a return to the robust performance recorded across the GCC region.


UNHCR official says refugee numbers will surge without urgent climate action

UNHCR official says refugee numbers will surge without urgent climate action
Updated 16 October 2024
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UNHCR official says refugee numbers will surge without urgent climate action

UNHCR official says refugee numbers will surge without urgent climate action
  • Global Future Councils, Andrew Harper underlines need ‘to turn despondency into hope’
  • Prof. Tolu Oni: ‘Future cities could be transformative if designed to be “cleaner, greener, and fairer”’

DUBAI: The global refugee crisis will continue to escalate unless immediate action is taken to address the effects of climate change, Andrew Harper, special advisor to the United Nations High Commissioner for Refugees, told the Global Future Councils in Dubai on Tuesday.

Highlighting the inextricable link between human security and climate change, Harper said that current data paints a grim picture, making it difficult to remain optimistic about future outcomes.

“There are talks, meetings and conferences but we are still not seeing the change that is required,” Harper said.

“The number of vulnerable people and refugees fleeing conflicts and climate disasters will only increase if no change is implemented. The climate is getting warmer and so we simply must change from rhetoric to action.”

With more than 120 million refugees worldwide, Harper said that accountability must extend not only to the refugees themselves but also to the countries that host them.

“How do you go about empowering people when you’ve got budget cuts in food programs and other organizations? There are no schools, no education on sustainability, we have got to turn despondency into hope.”

Harper called for a focus on “repairing the environment,” adequately funding frontline workers, and building sustainable infrastructure, stressing the importance of including women and youth in decision-making processes to “find long term solutions for our long term problems.”

According to UNHCR, 84 percent of refugees and asylum seekers in 2022 came from highly climate-vulnerable countries, up from 61 percent in 2010.

Only 1 percent of refugees have been able to return home, a challenge expected to grow as climate change continues to worsen conditions in many countries, further deteriorating basic living conditions and hindering opportunities for development in many countries of origin.

The Institute for Economics and Peace predicts that in the worst-case scenario, 1.2 billion people could be displaced by 2050 as a result of natural disasters and other ecological threats.

Speaking on the “Betazone: Green and Fair?” panel, Tolu Oni, clinical professor of global public health and sustainable urban development at the University of Cambridge, said that cities and large urban areas are not immune to the effects of climate change.

She argued that as pressure and reliance on urbanization grow, cities must be central to climate change discussions.

Oni said “50 percent of greenhouse emissions come from cities. Meanwhile, urbanization is happening faster than ever before in history. It cannot be business-as-usual-models anymore. We need to develop new approaches.”

Oni pointed out that future cities could be transformative if designed to be “cleaner, greener, and fairer,” warning that relying on outdated methods would come at a high cost.

“Are we exploring different ways or still consulting the same people but expecting different outcomes?” she said, adding that “the cost of inaction will be high if cities are not built well and will end up bearing the cost later in a different sector, like the health sector.”

Oni stressed the need for better urban planning and financing, emphasizing intersectoral collaboration. She also called for local action and greater public involvement in decision-making.

“We need to democratize knowledge creation and encourage mainstream participation,” she said, noting that real change can come only through collective effort at every level.


Saudi Arabia, Italy to deepen partnership in multiple fields, including aerospace, security

Saudi Arabia, Italy to deepen partnership in multiple fields, including aerospace, security
Updated 16 October 2024
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Saudi Arabia, Italy to deepen partnership in multiple fields, including aerospace, security

Saudi Arabia, Italy to deepen partnership in multiple fields, including aerospace, security
  • Visit to Leonardo highlights Kingdom’s dedication to enhancing its aviation industry and harnessing global expertise
  • Saudi minister of industry and mineral resources also took part in the ComoLake 2024 Conference

JEDDAH: Saudi-Italian ties in aerospace, defense, and security are set to strengthen as officials from both nations discuss expanding their long-standing partnership in these sectors.

During a meeting held on Oct. 16 in Milan, Saudi Minister of Industry and Mineral Resources Bandar Alkhorayef and Stefano Pontecorvo, chairman of Leonardo, an Italian multinational company specializing in aerospace, defense, and security, discussed localizing the manufacturing of helicopter components in Saudi Arabia, including aircraft structures, propellers, fins, and electronic flight systems.

Leonardo has maintained a significant presence in the Kingdom for over 50 years, offering various platforms, systems, and services. 

The partnership aligns with Saudi Vision 2030, which seeks to cultivate a strong and diversified economy, with its aviation sector expected to contribute SR11.4 billion ($3.04 billion) to the country’s gross domestic product by 2030.

 

 

Alkhorayef’s visit to Leonardo highlights Saudi Arabia’s dedication to enhancing its aviation industry and harnessing global expertise to achieve its economic objectives, according to the Saudi Press Agency.

By localizing helicopter component manufacturing, the Kingdom aims to create jobs, transfer technology, and develop a domestic supply chain for the aviation industry. 

The initiative is part of a broader effort to strengthen the nation’s capabilities in maintenance, repair, and overhaul services and in producing spare parts for engines, drones, and navigation systems.

Alkhorayef, who commenced a three-day visit to Italy on Oct.14, also met Attilio Fontana, president of the Lombardy region of Italy, to explore the possibility of greater industrial cooperation with a focus on the pharmaceuticals, vaccines, and electric vehicles industries.

The two officials underscored the importance of reinforcing ties, particularly in the industrial and mining sectors, by capitalizing on the robust Saudi-Italian relationship and the engagement of the private sector.

Alkhorayef emphasized the diversification objectives of Vision 2030 and outlined investment opportunities in key sectors, highlighting the competitive advantages available to foreign investors, such as advanced infrastructure and supportive government initiatives.

 

 

The Saudi minister also took part in the ComoLake 2024 Conference, which is being held from Oct. 15 to 18 at the International Exhibition and Congress Center of Villa Erba in Cernobbio, on Lake Como.

In a post on his X account following his involvement in the event, Alkhorayef said: “During my participation in the ComoLake Conference in Italy, I emphasized the significant progress the Kingdom has made in its transformational journey within the industrial and mining sectors.”

He added: “This progress, particularly in digital transformation and advanced manufacturing technologies, has opened new horizons for growth and development across various sectors.”

In his speech, the minister said that Saudi Arabia is committed to enhancing global cooperation in the sector and building effective and close partnerships with international industrial organizations to achieve a more balanced and sustainable future.

“The future and advancement of industry worldwide require fruitful international cooperation. Therefore, the Kingdom is keen on partnering with relevant international entities to share knowledge, technology, and expertise to drive innovation, create job opportunities, and build a more sustainable future for all,” he said.

He explained that the country is undergoing an economic transformation journey, with its ambitious plan for 2030, which serves as a roadmap for diversifying sources of national income.

He said that the topics of the ComoLake 2024 align with several objectives of this vision, particularly those related to innovation, sustainability, and global collaboration.

The minister also said that the Kingdom’s National Industrial Strategy includes targets for adopting applications and technologies of the Fourth Industrial Revolution, focusing on integrating artificial intelligence, automation, and data analytics to enhance efficiency, productivity, and sustainability in the industrial sector.

The strategy, he added, also aims to adopt smart manufacturing technologies to develop the Saudi industry and establish new standards for sustainable industrial practices, reported SPA.

He pointed out that artificial intelligence plays a crucial role in automating industrial facilities in Saudi Arabia, transforming them into smart ones.

The minister said that the mining sector is another key pillar of the Kingdom’s economic transformation, adding that Vision 2030 aims for this sector to serve as a source for diversifying the economy’s income, given that the country possesses abundant reserves of critical minerals, such as gold, phosphate, and rare earth elements, which are vital for the energy transition.

Alkhorayef underscored that the country is keen on achieving sustainability in the industrial sector by relying on clean energy solutions and integrating renewable energy sources into industrial operations to meet the Kingdom’s goal of reaching net-zero emissions by 2060.

He added that Saudi Arabia seeks to contribute to the global transition toward green industries and establish a more sustainable model for industrial growth.

He concluded by inviting participants at the event to attend the International Mining Conference 2025, which will be held in Riyadh in January. The gathering represents an important opportunity for establishing effective partnerships in the mining sector, exploring the quality opportunities it offers, and discussing the latest innovative technologies in operations, with a focus on sustainability solutions.

This year’s edition of the ComoLake gathering featured 150 speakers from 14 countries, including representatives from governments and industrial institutions worldwide. It is designed to foster discussions on current and future digital policies, serving as a platform for institutions, businesses, and universities to engage with and explore the new paradigms of economic growth in Italy and the Euro-Mediterranean region within a multipolar global context.

Alkhorayef also met with Italian Minister of Enterprises and Made in Italy Adolfo Urso. They discussed ways to enhance industrial cooperation between the two countries and boost bilateral investment particularly in the mining sector, SPA reported.

The ministers also explored strategies to boost Saudi exports to Italy, leveraging the services provided by the Saudi EXIM Bank to support this effort.


Closing Bell: TASI climbs 37.04 points to close at 12,038

Closing Bell: TASI climbs 37.04 points to close at 12,038
Updated 16 October 2024
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Closing Bell: TASI climbs 37.04 points to close at 12,038

Closing Bell: TASI climbs 37.04 points to close at 12,038

RIYADH: Saudi Arabia’s Tadawul All Share Index increased on Wednesday, gaining 37.04 points, or 0.31 percent, to close at 12,038.67.

The total trading turnover of the benchmark index was SR7.27 billion ($1.93 billion), with 129 of the listed stocks advancing and 97 declining. 

The Kingdom’s parallel market Nomu increased 59.16 points, or 0.23 percent, to close at 25,978.50.

MSCI Tadawul Index also increased by 3.53 points, or 0.23 percent, to reach 1,507.09.

The best-performing stock of the day was Eastern Province Cement Co., whose share price surged 10 percent to SR37.40.  

The second top performer was Abdullah Al Othaim Markets Co., with its share price soaring by 8.51 percent to SR1.50.  

Other top gainers include East Pipes Integrated Co. for Industry and Riyadh Cement Co., as their share prices increased by 6 percent and 5.43 percent to SR166 and SR29.1.

The worst performer was Al-Baha Investment and Development Co., whose share price dropped by 9.37 percent to SR0.29.   

The second poor performer of the day was Alamar Foods Co., which saw its share price decrease by 2.55 percent to SR80.10.

Other worst performers included Almarai Co. and Arab Sea Information System Co., whose share prices shed by 2.55 percent and 2.30 percent, respectively.

On the parallel market Nomu, First Avenue for Real Estate Development Co., was the top gainer, with its share price surging by 30 percent to SR7.80.

The increase came as the firm disclosed its financial results for the first six months of 2024.

The company’s net profit increased by 21.95 percent to SR31 million, up from SR25.4 million in the same period last year.

The firm said in a bourse filing that the increase was due to the rise in profit margin from revenues received from commissions, development for others, and rentals, in addition to the increase in fair value of some investment properties.

Ladun Investment Co. was the major loser on Nomu, as the company’s share price slipped by 6.44 percent to SR3.63.  


Saudi-Egypt trade surges 35.16% in H1 2024 

Saudi-Egypt trade surges 35.16% in H1 2024 
Updated 16 October 2024
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Saudi-Egypt trade surges 35.16% in H1 2024 

Saudi-Egypt trade surges 35.16% in H1 2024 

RIYADH: Trade between Saudi Arabia and Egypt saw an annual surge of 35.16 percent in the first half of 2024, according to the General Authority of Statistics. 

The increase was driven by a 73.44 percent jump in the Kingdom’s imports from the north African country, totaling $4.18 billion. 

Meanwhile, Saudi exports to Egypt rose 11.38 percent to $4.21 billion, resulting in a trade surplus of $30 million. 

Non-oil exports accounted for 27.08 percent of Saudi shipments to Egypt, down slightly from 31.7 percent a year earlier. Plastics and rubber products dominated this category, representing 53 percent of the total. 

On the import side, mineral products made up 64 percent of goods coming into the Kingdom from Egypt, reflecting the trade focus on industrial and raw materials.  

The growing trade relationship between Saudi Arabia and Egypt underscores the strengthening economic ties and broader regional efforts to foster cooperation in a post-oil era. 

During talks in Cairo on Oct. 15, Saudi Crown Prince Mohammed bin Salman and Egyptian President Abdel Fattah El-Sisi agreed to enhance trade and investment cooperation, signing an agreement to promote and protect mutual investments. They also established a supreme coordination council to deepen bilateral collaboration. 

Saudi Arabia is actively pursuing a transformative economic vision aimed at reducing its dependence on oil revenues, a strategy embedded in its Vision 2030 initiative. 

This ambitious plan seeks to diversify the Kingdom’s economy by bolstering non-oil exports and forging stronger trade ties with regional allies, including Egypt. 

Saudi Arabia has made significant strides in enhancing its investment climate, focusing on creating a robust framework that attracts foreign investors. 

As a result, countries such as Egypt have shown increased interest in investing in the Kingdom, recognizing growth potential in sectors such as technology, tourism, and renewable energy. 

In the second quarter of 2024, Saudi Arabia’s Ministry of Investment issued 789 licenses to Egyptian firms — a 71 percent increase compared to the same period in 2023 — making Egypt the top recipient of investment licenses. 

In an interview with Al-Ekhbariya, Chairman of the Saudi-Egyptian Business Council Bandar Al-Amiri highlighted upcoming projects, including tourism and real estate developments in Egypt worth over $5 billion, alongside various agricultural initiatives and advancements in the nutrition and pharmaceutical sectors. 

He underscored the significance of knowledge exchange to improve food and pharmaceutical production in both countries, addressing the needs of each nation. 

Additionally, Al-Amiri outlined plans to establish Egyptian factories and companies in Saudi Arabia, which, in collaboration with firms in the  Kingdom, would enhance and facilitate entry into neighboring markets. 

The crown prince’s last official visit to Egypt was in 2022, signaling Saudi Arabia’s shift from providing direct financial aid to focusing on investments in its allies.


Global Future Councils meeting in Dubai focuses on AI, environment and governance issues

Global Future Councils meeting in Dubai focuses on AI, environment and governance issues
Updated 16 October 2024
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Global Future Councils meeting in Dubai focuses on AI, environment and governance issues

Global Future Councils meeting in Dubai focuses on AI, environment and governance issues
  • The annual meeting is organised by World Economic Forum and UAE government and runs until Thursday
  • WEF chairman Klaus Schwab underlines importance of staying ‘hopeful about the future’

DUBAI: The 2024 Annual Meeting of the Global Future Councils began in Dubai on Wednesday, bringing together 500 delegates and experts to discuss issues related to artificial intelligence, the environment and governance.

Organized in partnership with the UAE government, the event was opened by Klaus Schwab, chairman of the World Economic Forum, who emphasized the need for humanity to rethink its relationship with nature and to stay hopeful about the future.

“We moved from an agricultural to an industrial world, and now we are at the intelligent age. To have a better future we must believe in one and we must design it,” Schwab said, arguing that the abandonment of hope for a better world is one of the biggest dangers to mankind. 

Schwab said that technology is not inherently a threat but emphasized that global cooperation is essential in setting boundaries, particularly around AI, to address the challenges facing the world.

The meeting, which runs until Thursday, brings together government officials, futurists and experts from public, private, academic and international sectors in 80 countries. The discussions aim to strengthen cooperation and tackle societal challenges.

More than 500 delegates will engage in 30 councils to address opportunities and challenges in five key areas: technology and AI; environment and climate change; governance; economics and finance; and society.

Mohammad Abdullah Al Gergawi, the UAE’s minister of cabinet affairs, echoed Schwab’s optimism, noting that a better future must be built on hope and an understanding of the past.

“We cannot have a better future without understanding the past,” Gergawi said. “We find ourselves surrounded by rapid changes today and some of our convictions under scrutiny.

“We thought as the world becomes more interconnected, conflicts and military confrontations would diminish. We also thought some global institutions were unshakable but they are also under scrutiny. Instead we have increased societal divisions.”

Gergawi stressed that adaptability is key for governments to navigate these shifts. 

“Sustainability and economy can thrive and can be linked to environmental protection. There is no constant in life, governments must remain open to new ideas at the heart of their strategies. Those who master adaptability will master the future,” he said.

The WEF’s Global Future Councils is a network designed to address global challenges through transformative ideas. Its 30 councils, composed of experts from business, government, academia and civil society, aim to generate insights to help address critical global issues.

For the first time, the event features significant private sector participation, with 70 top CEOs from leading global companies offering insights on the future of their respective industries.

The ideas generated at this year’s meeting will contribute to the WEF’s broader mission of fostering cross-sector partnerships to tackle complex global challenges. These discussions will also help shape the agenda for the 2025 annual meeting in Davos and the year-round work of the forum’s 10 centers.

In his speech, Gergawi also addressed the conflicts affecting the Middle East, stressing the importance of moving forward rather than remaining trapped by the region’s past challenges.

“We live in an era where civilizations can change within a few years. The role of governments is to get our society, our education and health sectors ready for the future. We cannot move away and move on from the past that creates conflicts fast enough.”