Riyadh awards three airport PPP deals

18 April 2017

Consortiums selected for Taif, Al-Qassim and Hail airports

Riyadh has awarded public-private partnership deals for three airports in the kingdom.

A consortium of Lebanon’s Consolidated Contractors Company (CCC), Munich Airport, and the local Asyad Holding has been appointed to develop and operate the Taif airport.

A consortium of Turkey’s TAV and the local Al-Rajhi Holding Group has been appointed for airports at Al-Qassim and Hail.

The awards follow a contract signed in March with TAV and Al-Rajhi Holding Group to build and operate a new terminal at Yanbu airport for 30 years.

The kingdom’s first airport PPP, Prince Mohammed bin Abdulaziz International in Medina, is operating on a BTO basis and entered full operations in June 2015. It is operated by Tibah, a special purpose vehicle formed between Turkey’s TAV and local contracting firms Saudi Oger and Al-Rajhi.

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