News / Shortlist for Jeddah airport. Medina airport will take more time

Shortlist for Jeddah airport. Medina airport will take more time

🕔 April 6, 2010

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Jeddah airport

Saudi Arabia has shortlisted four groups, including Houston-based Hines, for a SR9 billion (Dh8.8bn) project to build and operate facilities linked to an airport in Jeddah.
The so-called Airport City project, which will take about 10 years to complete, is part of a plan to attract about SR22 billion riyals in investments to build, own and operate one airport and terminal-related facilities, Alaa Samman, director of business development for domestic airports at the General Authority of Civil Aviation, said yesterday.The bidders are said to be the following:- Saudi Binladin Group- Australia's Land Lease Group- Local companiesThe winning bids would be announced in August.The two other airport cities would also be built in Riyadh and Dammam. The regulator has appointed the International Finance, a unit of World Bank, as the lead advisor to assist in the implementation of the Jeddah project.The plan also envisages building an airport in Medina, home to Islam's second-holiest site at an estimated cost of $1.6bn (Dh5.87bn. The Medina airport would be the first to be fully-owned by the private sector at the city visited by millions of Muslims every year.Medina AirportThe Saudi regulator, General Authority of Civil Aviation, will hold a roadshow in Dubai on April 7 to meet banks and investors interested in the airport that is planned to handle as many as 8 million passengers per year."It's a huge project that requires private lending and we want to make sure that banks are aware of that," an official said. The International Finance Corporation, part of the World Bank, will act as financial and legal adviser, he said.GACA, as the regulator is known, is contacting potential investors to submit initial proposals by May 20 to build and operate the airport for no less than 25 years before transferring it to the government. The regulator will announce the winning bid on Nov. 25.You will have all the information of these PPP airport tenders, here, at PPP in infrastructure in the Middle East. 

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