Fast expanding airport operator TAV Airports has won the tender to operate Saudi Arabia’s Medinah Airport for the next 25 years.
A TAV–led consortium – consisting of Saudi Oger Ltd and Al Raji Holding Group – has been awarded the contract to not only operate Medinah Airport but also to increase the capacity of the gateway from 4mppa to 8mppa with the construction of a new terminal.
The contract has been awarded on the basis of a Build–Transfer–Operate (BTO) model and will give TAV the operating rights for the next 25 years.
Sani Sener, president and CEO of TAV Airports, said: “As TAV Airports, we are proud to have won the operating rights for an airport in Saudi Arabia; one of the most important economies of Arabian Peninsula and the Middle East, increasing the total number of airports we operate to eleven.
“Mecca, along with Medinah, is the most significant city of the Islamic World. We are very happy to be in the position to build and operate the gates of entry and exit to such a city.”
TAV Airports currently operates Istanbul Atatürk Airport, Ankara Esenboga Airport, Izmir Adnan Menderes Airport International Terminal and Antalya Gazipasa Airport in Turkey as well as two airports each in Georgia, Tunisia and Macedonia.