- Al-Muhaidib wins in spite of placing a higher bid than competing groups
- New terminal to accommodate 1.4 million passengers
The local Al-Muhaidib Contracting has won the $280m expansion package for the Prince Nayef bin Abdulaziz regional airport.
Al-Muhaidib was awarded the contract despite sumitting a commercial bid that was 35 per cent higher than the lowest bid submitted by a consortium between local firm Al-Ayuni for Investment & Contracting and Turkish Kalyon SR923m ($250m).
The project involves the construction of a main passenger terminal, which could accommodate up to 1.4 million passengers, arrival and departure halls, private halls for women, a surveillance radar building, an air traffic control tower and fuel storage tank.
The expansion of the airport is part of major projects launched by the General Authority on Civil Aviation (Gaca). In April 2014, Gaca awarded an estimated SR2.5bn contract to a local consortium for the construction of the new King Abdullah bin Abdulaziz airport in Jizan.
The consortium, which consists of Saudi/Lebanese Modern Construction Company and local companies Safari and Al-Subaie, will build a three-storey passenger terminal, a control tower, air cargo zones and other facilities. The terminal will have 10 gates and a VIP lounge.
Gaca is currently executing a total of $12.3bn-worth of projects, which equates to 14 per cent of total projects under execution in the kingdoms transportation sector. More than $22bn more are planned.