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RELATED ARTICLES: Six of the best: GCC airport projects; 10 KSA projects you should be involved in
Saudi Arabia is set to float tenders worth US $4.5 billion (SR17 billion) in two months’ time to build a new airport in Madinah and a commercial centre near Jeddah airport.
The KSA government will soon announce airport projects costing around $14.6 billion, with work set to take place over the next 20 years.
“We plan to offer an operate and transfer contract for the development of a new airport in Madinah,” General Authority of Civil Aviation (GACA) director of business development Alaa Samman told Reuters.
“The tender will be launched in May with bids accepted until October and contracts to be awarded by December.”
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In Jeddah, authorities want to build an airport city that will include hotels, office buildings, housing units, malls and even a flight academy. Four prequalified consortia including Australia's Lend Lease Corporation, Saudi Oger and Saudi Real Estate Company (Akaria), as well as US developer Hines, are expected to submit bids before the end of May. The contract is scheduled to be awarded by August.
Traffic at Saudi airports has reached 30 million passengers annually and is expected to double to 60 million over the next 10 years.
The new Madinah airport, expected to cost around $1.86 billion, is set to increase traffic capacity to eight million passengers a year from three million.
Meanwhile, Jeddah airport receives 18 million passengers a year and expects to see an increase of up to 30 million by 2013.
Another airport city is planned in the capital Riyadh, to be launched on a smaller scale next year. Dammam, in the Eastern Province, will follow later.
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FEATURED COMMENT
Improvement at the airport services shall be taken, such as immigration process, security control etc. Also "no smoking