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Sun June 13 2021

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Contract let for $400m Riyadh terminal

15 May 13 Turkey’s TAV Construction has won the design and construction tender for the King Khaled Airport Terminal-5 in Riyadh, Saudi Arabia.

Some US$400m (£262m) will be spent building the terminal, which is due for completion within 18 months.

The new terminal is the third tender TAV Construction has won in Saudi Arabia, following the Jeddah Airport aircraft maintenance hangars and Medinah International Airport projects. TAV will build a 100,000m2 passenger terminal and various auxiliary facilities. The project also involves a multi-storey car park, fire brigade building, operations centre, power station and elevated roads and infrastructure.

“This is a very important project,” said TAV group president and CEO Sani Sener. “Airport privatisations are continuing in Saudi Arabia. This airport is also one of those which will be privatised soon. In the meantime, our investment and operation in Medinah is also ongoing. Our US$800m dollar hangar construction project at Jeddah Airport also continues.”

With the latest win, TAV Construction has now signed over US$16bn in contracts in the Middle East and North Africa.

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MPU

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