Saudi government award contracts to airport developers

The Saudi government has awarded contracts to major regional and international firms for development of five airports in the Kingdom, reports Al Deffiyah.
Time Aerospace thumbnail

These include a contract to operate the new King Abdul Aziz International Airport in Jeddah, operation of which had already been awarded to Singapore-based Changi Airports International (CAI) for a 20-year period.

The contract to develop and operate the new Taif International Airport was signed with Asyad Holding Group in collaboration with Consolidated Contractors Company and Munich Airport.

The contracts to operate Qassim’s Prince Naif bin Abdul Aziz Airport, Hail International Airport and Yanbu’s Prince Abdul Mohsin bin Abdul Aziz Airport were signed with the consortium of Turkish TAV Airports Holding and Al Rajhi Holding Group.

The contracts for the Taif, Qassim, Yanbu and Hail airports are based on a build-operate-transfer (BOT) basis, said the report. Once completed, these airports will together receive over 19 million passengers every year.

 

Related content