Riyadh has awarded public-private partnership deals for three airports in the kingdom.
A consortium of Lebanons Consolidated Contractors Company (CCC), Munich Airport, and the local Asyad Holding has been appointed to develop and operate the Taif airport.
A consortium of Turkeys 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 kingdoms 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 Turkeys TAV and local contracting firms Saudi Oger and Al-Rajhi.