EXCLUSIVE: Saudi Arabia moves on next airport PPP

18 September 2017

New airport will serve Jubail Industrial City and Jubail 2 in the kingdom’s eastern region

Saudi Arabia’s Royal Commission for Jubail and Yanbu (RCJY) expects to release a request for prequalification (RFQ) for a new airport public-private partnership (PPP) project soon, according to sources with knowledge of the project.

The new airport will cater to the Jubail Industrial City and Jubail 2 in the eastern region of the kingdom.

MEED earlier reported that RCJY commissioned Netherlands-based KPMG to undertake a feasibility study for the airport project.

It is understood US-based law firm King & Spalding has been appointed as legal adviser for the project.

If successfully developed, the new airport in Jubail will bring the total number of airport PPPs in Saudi Arabia to six and the total number of airports to 28.

Saudi Arabia’s first airport PPP, the $1.2bn Prince Mohammed bin Abdulaziz International airport in Medina, entered full operations in 2015.

Four airport build, transfer, operate (BOT) projects were awarded earlier this year.

These contracts include a passenger terminal building at the Yanbu airport and the redevelopment of airports in Qassim and Hail, which were awarded to a team of Turkey’s TAV Airports and local Al-Rajhi Group.

A fourth contract, for the Taif International airport, was awarded to a consortium, which comprises local Asyad Group, Germany’s Munich Airports and Lebanon’s Consolidated Contractors Company.

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