Riyadh Airports partners with ADB Safegate to modernize aviation infrastructure  

Saudi Arabia’s King Khalid International Airport. Shutterstock.
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Updated 13 November 2023
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Riyadh Airports partners with ADB Safegate to modernize aviation infrastructure  

RIYADH: Saudi Arabia’s King Khalid International Airport is poised to witness improved efficiency thanks to its partnership with ADB Safegate, a Belgium-based aviation service provider. 

Riyadh Airports Co., the entity overseeing the airbase’s operations, has recently signed a memorandum of understanding with the global aviation solution provider to foster cooperation. 

The collaboration aims to develop energy efficiency, implement predictive maintenance, and enhance streamlined passenger flow.  

The partnership also includes working on an innovative transformation process that leverages technical solutions to digitize airport automation, monitoring, and maintenance processes.  

The companies involved plan to explore the potential of artificial intelligence, machine learning, and advanced video analytics. Furthermore, both entities will collaborate on virtual reality, augmented reality, as well as Internet of Things technologies. In addition, the implementation of 5G technology is also on the agenda. 

Osama Al-Fawaz, CEO of Information and Communications Technology at Riyadh Airports Co., said that this agreement aligns with the digital transformation goals of the company, relying on the latest specialized technologies. 

Laurent Dubois, CEO of Safegate, highlighted the transformative potential of this agreement, emphasizing that RAC operates one of the region’s most significant airports. He added that the deal reflects Riyadh Airports’ eagerness to adopt the latest international technologies in the field. 

According to data from the General Authority of Civil Aviation, the Riyadh airport outperformed other international aviation hubs in Saudi Arabia for overall performance in September. It achieved high marks across the 11 operational performance standards, which track passenger experience and airport efficiency. 

The airbase secured the top spot in the category of international terminals serving over 15 million passengers annually, with a compliance rate of 82 percent.

The MoU aligns with Saudi Arabia’s Vision 2030 National Aviation Strategy, which seeks to diversify revenue sources by boosting the travel and tourism sector. 

According to the strategy’s goals, the Kingdom aims to enhance air connectivity to 250 destinations, accommodating 330 million passengers, and doubling air cargo capacity to 4.5 million tons by 2030. 


QIA, Franklin Templeton launch $200m Qatar equity fund 

Updated 56 min 54 sec ago
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QIA, Franklin Templeton launch $200m Qatar equity fund 

RIYADH: Qatar’s sovereign wealth fund has teamed up with Franklin Templeton to launch a $200 million equity fund focused on the local stock market, part of efforts to deepen liquidity and attract institutional investors to Qatar’s capital markets. 

The Qatar Investment Authority and the US asset manager said the Franklin Templeton Qatar Equity Fund will operate as a day-traded mutual fund investing in companies listed on the Qatar Stock Exchange, according to the Qatar News Agency. 

The launch follows a series of recent global partnerships by QIA, including a preliminary deal with Goldman Sachs targeting up to $25 billion in investments, as Qatar pushes to diversify its economy and expand its financial sector.

Mohammed Saif Al-Sowaidi, CEO of QIA, said: “With the launch of Franklin Templeton Qatar Equity Fund, QIA is further expanding our Active Asset Management Initiative to support Qatar’s financial markets.”  

He added: “As one of the largest global asset managers, Franklin Templeton brings a wealth of experience and resources to QSE and the broader Qatari economy and we look forward to working closely together on this initiative.” 

The fund aims to give investors exposure to Qatar Stock Exchange-listed equities, allowing local and international institutions to access an actively managed portfolio in the domestic market, QNA reported. 

QIA is the fund’s lead investor, contributing cash and shares, underscoring its commitment to the Qatari stock market. The reallocation of QSE-listed shares is intended to support the domestic economy and enhance market liquidity, it added. 

Franklin Templeton manages about $1.68 trillion in assets as of Dec. 31, 2025, making it one of the world’s largest investment firms. 

“Through our partnership with QIA, we aim to contribute meaningfully to the continued development of the Qatari financial ecosystem. We see this collaboration as the beginning of a long-term strategic partnership and part of a broader, multi-asset collaboration between Franklin Templeton and QIA,” said Jenny Johnson, CEO of Franklin Templeton. 

The Franklin Templeton Qatar Equity Fund represents a key step in QIA’s active asset management strategy and highlights its partnership with Franklin Templeton in supporting Qatar’s capital markets through global investment expertise.