The concession, signed with the Saudi General Authority of Civil Aviation (GACA) and to be carried out in partnership with the Al Rajhi Holding Group, means that TAV Airports now operates 17 airports across the world.
TAV's president and CEO, Sani Şener, enthuses: “TAV has become one of the world's highly-preferred brands thanks to the know-how acquired in airport construction and operation business.
"Our success in the Medinah Airport project, which was the first airport privatisation project in Saudi Arabia, opened new doors in this country.
"In the last two months, TAV has been selected by the Civil Aviation Authority of Saudi Arabia for the development and operation of three more airports.
"With the addition of Qassim and Hail to our portfolio, the number of passengers in Saudi Arabia will increase to 10.5 million per annum; while the number of passengers at all airports abroad will reach 25 million.
"TAV has its signature in the capital city airports of six countries in the Gulf Region, which is the most challenging market of the world.
"We sustain our growth in the region by working in harmony with our local partners. Furthermore, we continue seizing the opportunities at various regions worldwide".
Providing service to approximately 2.5 million passengers last year, Qassim and Hail airports will reach approximately 6.5 million passenger capacity per year thanks to the new investments.
Located in the centre of the Arabian Peninsula, Qassim is one of the 13 administrative regions of Saudi Arabia and is currently served by 12 airlines that include Turkish Airlines.
TAV has operated Medinah Airport in Saudi Arabia since 2012.
In March, the company was selected for the development and operation of Yanbu Airport. Furthermore, TAV has operations at Jeddah, Riyadh and Dammam airports through its service companies.