Saudi-Turkish JV wins Riyadh airport expansion contract

By Davis Thattil | Jul 04, 2017
A joint venture of Turkey’s IC Ictas and local Al-Rashid Trading & Contracting has been awarded a four-year contract to redevelop four existing terminals at the King Khalid International Airport in Riyadh, according to Middle East Business Intelligence. The team lost its bid for the contract to upgrade the terminals in 2015 to a joint venture comprising Germany’s Hochtief, local Nahdat al-Emaar and India’s Shapoorji Pallonji. The contract with the Hochtief-led team, however, was cancelled in 2016.

The new contract entails mainly renovation and refurbishment works that aim to expand the terminals’ capacities and improve services, according to a source familiar with the transaction. Phase 1 of the new contract entails work on the unused Terminal 4. The renovation will be conducted in phases, starting with Terminal 4.

The next phase will involve renovations for Terminal 3, which has been closed since August last year. Terminal 3 caters to domestic flights, which have been gradually moved to the newly completed Terminal 5 since mid-2016. Succeeding phases will entail redevelopment work for terminals 1 and 2, which cater to international flights.

The ongoing redevelopment of King Abdulaziz International is the first of a three-phased expansion plan meant to take the airport’s annual passenger capacity from the current 20 million, inclusive of Terminal 5, to 80 million by 2035. The three-phased project initially had a total budget of $28bn.

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