Al-Mal Investment to redevelop Hail airport

18 February 2010

Airport will help make economic city a mining and transportation hub

Saudi Arabia’s General Authority of Civil Aviation (Gaca) has signed a memorandum of understanding with Kuwait’s Al-Mal Investment Company to redevelop Hail International airport, to serve Prince Abdul Aziz Bin Musaed Economic City.

The project will involve the construction of a new passenger terminal, a cargo terminal, runways, a control tower, maintenance building, power generators and water plants, and roads and other infrastructure.

The airport is expected to play a key role in making the economic city a hub for transportation and logistics, mining and building materials.

Al-Mal, the investment arm of Kuwait’s Mohammed Abdulmohsin al-Kharafi Group, is developing the $8bn economic city which is scheduled to be completed by 2025. The city is 720 kilometres north of the capital Riyadh.

Capacity at the airport is currently less than 1 million passengers a year but this could rise dramatically due to its proximity to the economic city (MEED 19:8:08).

Gaca is currently developing the kingdom’s aviation infrastructure, including expanding King Abdul’s International airport in Jeddah and upgrading Medina International airport.

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