Turkish TAV Airports Holding wins Saudi Arabia's Medinah Airport tender along with its partners Al Rajhi and Saudi Oger.
TAV Airports Holding, its consortium partners Al Rajhi and Saudi Oger signed a contract with Saudi Arabia's civil aviation authority GACA to increase the capacity of Medinah Airport on the basis of build-transfer-operate model.
"I believe that increasing capacity of Medinah airport with Pilgrimage and Umrah flights from Istanbul, Ankara and Izmir and mutual communication and coordination will contribute to Turkish and Saudi Arabian aviation industry," TAV Airports President and CEO M. Sani sener said during the signing ceremony.
The current 4 million passenger capacity at Medinah Airport will be increased to 8 million with the addition of the new terminal building to be built.
The TAV Airports Holding-Saudi Oger Ltd-Al Rajhi Holding consortium will have the operating rights of the airport for 25 years.
The project is about to cost 1-1.5 billion USD and be completed by the first half of 2015.
TAV Airports, one of the world's leading airport operators, operates Istanbul Ataturk Airport, Ankara Esenboga Airport, Izmir Adnan Menderes Airport International Terminal and Antalya Gazipasa Airport in Turkey as well as two airports each in Georgia, Tunisia and Macedonia. TAV Airports also operates in other areas of airport operations such
as duty-free, food and beverage services, ground services, IT, security and management services.
The company also operates duty free, food and beverage and other commercial areas at Riga Airport in Latvia. TAV Airports, together with its subsidiaries, provides services to approximately 420 thousand flights and 48 million passengers a year.
A Turkish criminal court released three prominent detainees of "Ergenekon", an alleged coup attempt case.
Many events including Gezi Park protests and December 17 anti-graft operations target the Kurdish 'solution process', says Turkish PM Erdogan
Domestically manufactured 'Mizrak-U' passes airborne firing tests
Three employees of the Zirve Publishing House were attacked, tortured and murdered by five people in 2007 in Malatya, Turkey
Turkish Airlines passengers increased 1.4 million between January and February.
Erdogan's campaign speech in south-eastern province Sanliurfa, a recent poll showing an increase in AK Party's vote share, a Turkish container ship that ran aground near a Greek island, and Turkey's Domestic Car Project
Turkey’s Industrial Production index increases by 1.1 pct in January 2014 compared to December last year and increases 7.3 pct year-on-year.
Twelve heads of autonomous Orthodox churches, the second-largest family of Christian churches, agreed to hold a summit of bishops, or ecumenical council, in 2016
Construction of the world's fifth largest water tunnel has been completed as a part of a regional development project in the Surac district of Turkey's Sanliurfa province
Prime Minister Erdogan accuses U.S.-based cleric of working against efforts to end terrorism and solve minority issues.
The bus, owned by Kayseri Police Department, toppled over on the highway between Turkey's cental provinces of Kirsehir and Kayseri
The first major museum in Turkey dedicated to toys has recently added to its collection a toy, which was produced in the United States in 1914 as a single toy for Charlie Chaplin's "The Tramp" character.
Ahmet Davutogly will meet with Ban Ki-Moon next week.
Erhan Tuncel, the suspected mastermind behind the killing of Turkish-Armenian journalist Hrant Dink has been released.
Crew rescued by coastguard after water floods engine room.
Deputy PM Bulent Arinc said investigations have revealed the surveillance of tens of thousands of people.