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.
4,709 square meter poster featuring Turkish president and PM enters Guinness Book of World Records as largest in history
Turkey's Foreign Ministry has offered condolences and reiterated its solidarity with Saudi Arabia in the fight against terrorism
Two Rohingya men studying in Istanbul tell Anadolu Agency of fleeing Myanmar and their hopes for the future
The Turkish banking watchdog BDDK announces state-owned fund would take over bank linked with Gulen movement
The sale of HSBC Turkey is part of wider HSBC restructuring plan
The Turkish president releases his message marking 562nd anniversary of Istanbul's conquest
Thousands of people expected to march in central Istanbul to commemorate the fifth anniversary of the 2010 incident
Istanbul is preparing to mark the 1452 conquest of Istanbul, with the massive coastal Yenikapi meeting area to host conquest celebrations for the first time
Thursday's dailies covered a national airplane-construction project and corruption allegations within FIFA.
Most of Wednesday’s dailies cover Turkish President Recep Tayyip Erdogan’s remarks on the 'solution process'
Twenty members of suspected of Maoist Communist Party are believed to have attacked police during May 1 protests. They have been taken into custody by police on Wednesday.
Airport in Hakkari border province is named after Saladin, Kurdish-origin Muslim conqueror of al-Quds
As part of Cultural Diplomacy, the Pakistan Embassy in Ankara organized this year’s Chughtai Art Awards competition in the Konya province.
Most of Tuesday’s dailies cover Turkish President Erdogan’s response to a New York Times’s editorial and Galatasaray’s Turkish Super League title win
Turkish President Recep Tayyip Erdogan has slammed the New York times in an editorial, telling them not to meddle with Turkey's affairs.
WFER will be milestone for Turkey's energy sector to promote importance as global energy player: Energy watchdog head