Saudi Arabia’s General Authority for Civil Aviation (Gaca) is expected to award the contract to build the aircraft maintenance hangars at Jeddah International airport by the end of February.
A consortium led by Turkey’s TAV submitted a low bid of SR4.09bn ($1.1bn) for the contract in November last year. Other members of the consortium include local Al-Rajhi and UAE/Australian Al-Habtoor Leighton Group.
Five commercial offers were opened by Gaca in mid-November. It received eight bids for the deal in July.
The other commercial offers were Cyprus-based Joannou & Paraskevaides at SR5.4bn, Saudi Binladin Group at SR5.35bn, the local Al-Seif Engineering Contracting at SR5.38bn and the local Almabani with Greece’s Aktor at SR5.64bn (MEED 1:12:11).