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.
Two countries' top diplomats agree to meet amid rising tensions over downed Russian warplane
PM Davutoglu calls for a deescalation in relations with its major trade partner Russia
Dailies on Wednesday cover Turkey's shooting down a Russian warplane that violated its airspace
Turkish president rejects Russian claim of ISIL presence in northern Syria
'No one should have any doubt that we have done our best to avoid this incident,' says Turkish President
Obama: ‘Turkey, like any country in the world, has the right to defend its sovereignty.'
Foreign minister calls off Istanbul trip over downing of Russian warplane
Turkey to receive €3 billion by EU to ensure needs of Syrian refugees are met
Turkey has 'duty' to act against anyone violating borders, PM Davutoglu says
PM Davutoglu has announced the new Cabinet after President Recep Tayyip Erdogan approved the list presented to him
Charge d'affaires Sergei Panov called to meeting at Foreign Ministry
NATO allies will hold an 'extraordinary' meeting at Ankara's request to discuss Turkey's shooting down of a Russian fighter jet along the Syrian border
'NATO is monitoring the situation closely. We are in contact with Turkish authorities,' a NATO official says
Turkish military has issued flight radar track on the downed Russian warplane
Turkish dailies on Tuesday focus on regime attacks against Turkmen-populated villages in northwestern Syria
Attacker have opened fire on a police station and also left a car bomb outside it in south-central Turkey’s Adana province