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.
Local Election Board says no congress can be held until Ankara court has its say
Turkish PM says reconciliation deal with Israel will be signed Tuesday
“We see an acceleration in steps to smooth over relations with Russia,” Deputy PM Kurtulmuş says following a cabinet meeting
Ankara reaches deal with Tel Aviv on improving conditions in Gaza, Turkish president tells Palestinian counterpart
PKK terrorists detonated a bomb in Bitlis, leaving one soldier martyred and two others wounded early Monday
A new deal comes six years after an Israeli raid killed Turkish activists on a flotilla seeking to deliver aid to Gaza
Von der Leyen expresses regret for cancellation of German lawmakers' visit to Turkish base
Istanbul police were searching for 51 FETÖ suspects charged with financially supporting the extreme group
- Turkish forces kill 3 PKK extremists in Hakkari province, military says
Governorship says seven people were slightly injured after assailant shot at coaches in Turkish capital
A crackdown on those linked to Erdogan has seen the arrest of 28 people in a number of cities across the country
The Turkish military has bombed positions of PKK terrorist group in Iraq's Hakurk region and Turkey's southeastern provinces
Turkish president and the leader of Palestinian group talk about resolving disagreements between Palestinians
“European countries remain incapable of solving ongoing problems. That's why Turkey should be a member of the union,” Turkey's EU minister says
PKK terrorists have attacked Turkish troops in southeastern Hakkari and Mardin provinces
The 16th Criminal Chamber of the Supreme Court of Appeals in Ankara has ruled that the proceedings against former President, Military Officer Kenan Evren and Tahsin Sahinkaya, a Turkish Air Force Commander, were to be dropped due to the defendants' death and that their defence, while alive, was invalid.