In line with the goals of Saudi Vision 2030 and the National Transformation Program, King Fahd International Airport in Dammam was corporatized in July 2017 and transformed into the Dammam Airports Company (DACO).

The inauguration of DACO is part of the prospective vision towards the development of the national airports industry, starting with King Fahd International Airport. DACO also aspires to extend its services to other local and international airports in the future. It seeks to develop the infrastructure, and operate, upgrade and maintain airfield facilities. DACO also plans to control commercial and investment relations, operate air freights and raise the operational capacity and efficiency of airports. This is set to enable airports to keep pace with the global air industry, provide a world-class travel experience for passengers, and allow for investment in the next generations of young Saudis.