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TAV consortium awarded Madinah airport contract

A consortium led by Turkish group TAV has been awarded a contract by the General Authority of Civil Aviation (GACA) to build and operate a new terminal at the Prince Muhammad bin Abdulaziz International Airport in Madinah, Arab News has reported.

As part of the build-transfer-operate contract, the Tibah Airport Development Company consortium will invest between US$1 billion (£636 million) and US$1.5 billion (£955 million) into the airport and will construct a new 138,000m2 passenger terminal by 2015 with a capacity of eight million passengers. The second phase of the contract will see passenger capacity rise to 12 million per year by 2020.

According to Arab News, this is the first time GACA has handed over a Saudi airport to a private company and will allow TAV subsidiaries such as ATU Duty Free, BTA Catering and TAV Operational Services to market as concessionaires at the new airport.

M. Sani Sener, TAV Airports president and CEO, said, “As TAV Airports, we are very much honoured to include in our airports portfolio the construction and operation of the airport of Madinah, one of the most significant cities for the Muslim world. Our partnership with two significant major companies of Saudi Arabia gave rise to a collaboration whereby we can succeed in further airport tenders is Saudi Arabia as well.

“I am confident that increasing the capacity for the Haj and Umrah trips from Istanbul, Ankara and Izmir, operated by TAV Airports, to Madinah and the mutual communication and coordination to be enhanced will have significant contributions for the aviation sectors of Turkey and Saudi Arabia.”

Read the story here: Arab News

Picture (L-R): Prince Fahd bin Abdullah, president of GACA, hands over the aerodrome certificate to M. Sani Şener, TAV Airports president and CEO. Arab News

July 2, 2012





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