TAV signs agreement for Yanbu airport expansion
TAV Airports has signed an agreement with the Civil Aviation Authority of Saudi Arabia (GACA) regarding the expansion and operation of the airport in Yanbu, Saudi Arabia, together with its partner Al Rajhi Group.
TAV will construct the new terminal of Yanbu Prince Abdul Mohsin bin Abdulaziz International Airport and then will operate the airport for 30 years. Located by the Red Sea, Yanbu is a significant industrial and port city. Yanbu Airport will be the second airport in Saudi Arabia to be operated by TAV, following Madinah Airport.
TAV Airports President & CEO Sani Şener said: “TAV has become one of the world's highly-preferred brands thanks to the know-how acquired in airport construction and operation business. TAV has its signature in the capital city airports of six countries in the Gulf Region, which has become the most challenging market of the world lately. TAV's success in the Madinah Airport project, which was the first airport privatization project in Saudi Arabia, opened new doors in this country. We are glad to reach an agreement with GACA regarding the expansion and operation of the Yanbu Airport located on the west side of the country. Yanbu is an important industrial hub hosting the oil refineries and the world's second busiest port. Located by the Red Sea, Yanbu also has a serious tourism potential, particularly thanks to its underwater treasures. On the other hand, its proximity to both Mecca and Medina places Yanbu a significant importance in terms of Hajj and Umrah traffic. We will endeavor to be a true representative of the country and realise the potential of Yanbu Airport."