File - In this Monday, Oct. 6, 2003 photo, Saudi Arabian capital Riyadh with the 'Kingdom Tower' photographed through a window of the 'Al-Faislia Tower' in the Saudi Arabian capital Riyadh. Saudi Arabia
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Saudi Arabia is preparing more airports for privatization as the lower price of crude pushes the No. 1 oil exporter to seek outside funding for infrastructure work.With Jeddah airport, the country's busiest, already on the block as the government seeks $1 billion from investors tied to a 20-year management deal, second-ranked Riyadh, which serves the capital, and Dammam on the Arab Gulf are next in line.Dubai has expanded its hub into one of the world's busiest with 70.5 million passengers in 2014, and is building a new base set to have a capacity of 120 million by the mid-2020s.Saudi Arabia has been focused on handling the annual influx of millions of hajj pilgrims bound for Mecca, served by airports at Jeddah, which attracted 28 million passengers in 2014, and Taif, where an upgrade tender has also been issued.
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