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NEWS Last modified on January 7, 2015

Contract awarded for new airport in Saudi Arabia

Abu Dhabi-based construction firm Al Jaber Group has won the contract to develop the new state-of-the-art Abha Airport in Saudi Arabia.

The company confirmed the details of the project on its website, and reports say is worth SAR1.8 billion (€414 million).

The new airport will feature a new passenger terminal covering an area of 86,000sqm and will be built to accommodate around five million passengers annually.

Infrastructure will also include 20 passenger boarding bridges, an apron for aircraft to park and parallel corridors to accommodate 26 aircraft simultaneously, along with extensive passenger facilities.

The new gateway is scheduled to be completed in 36 months, and will also have a car park building constructed, which will accommodate up to 2,800 vehicles.

Obaid Khaleefa Al Jaber Al Marri, chairman of Al Jaber Group: “Al Jaber Group KSA branch is witnessing substantial growth since we started our operations in Riyadh last year. We were able to compete and win sizable projects mainly the Abha Airport development project.”

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Following the contract win, the Al Jaber Group is also eyeing new projects in the Kingdom, Al Marri also explains.

“We are looking to winning more projects in the Saudi market in the near future. Al Jaber Group is well positioned to benefit from the increased momentum in the launch of new projects in this strategic market.”

Al Jaber Group says it signed a debt restructuring deal with creditors last year, and is recouping its operations in the UAE’s construction sector.

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