Saudi awards deals to privatise airport activities
Four build-operate-transfer contracts were recently inked for airports in Taif, Qassem, Hail, and Yanbu by the kingdom's General Authority of Civil Aviation
Saudi Arabia's General Authority of Civil Aviation (GACA) has signed contracts for the development and operations of five airports in the country.
The contracts cover the King Abdulaziz International Airport (KAIA) in Jeddah, Taif International Airport, Qassem's Prince Nayef bin Abdul Aziz Al-Qassim Airport, Hail International Airport, and Prince Abdul Mohsen bin Abdul Aziz Airport in Yanbu.
A deal was signed with Singapore's Changi Airports International (CAI) to operate KAIA for a 20-year period.
Meanwhile, a contract to develop and operate the new Taif International Airport was inked with Consolidated Contractors Co and Munich Airport, in collaboration with Asyad Holding.
A consortium of Turkey's TAV Airports Holding and Al Rajhi Holding Group was awarded contracts to operate Prince Naif bin Abdul Aziz Airport in Qassem, Hail International Airport, and Prince Abdul Mohsen bin Abdul Aziz Airport.
GACA chairman and Saudi Arabia's Minister of Transport, Sulaiman Al Hamdan, inked the contracts.
In a statement to state agency SPA, Al Hamdan said the deals would contribute to increased foreign investments and economic activity in the kingdom, and improve the quality of services provided at the country's airports.
Deputy chairman for airports at GACA, Eng Tariq bin Othman Al-Abduljabbar, said contracts for the Taif, Qassim, Yanbu, and Hail airports are based on a build-operate-transfer (BOT) basis.