Saudi Arabia is seeking interest for Taif airport PPP
This article is part of a daily series of MegaProjects articles. If you want to know more about PPP projects with a considerable size visit our MegaProjects section. You can receive them by email on a daily basis.
The planned airport will replace the existing domestic airport, whose expansion has been planned since 2008, but which has been put on hold. The chosen partner for the public-private partnership (PPP) project will operate and maintain the existing domestic airport until the completion of the new international airport.
The existing airport at Taif is located 30 km, to the east, of Taif and 70 km from Mecca. It was converted into a regional airport in 2009 when GACA allowed international airlines to operate at the airport as the city's population was increasing.
The World Bank's International Finance Corporation (IFC) has been appointed as lead adviser to assist in the structuring and implementation of the project.
Interested parties must submit their pre-qualification application for the Taif airport project on or before 8 July.
GACA's board approved the project on 7 May 2014. The new airport is part of the capacity building initiative in Mecca, which hosts the annual hajj pilgrimage and umrah, which can be performed at any time of year.
The new Taif International Airport will complement Mecca's King Abdulaziz International airport, which has been undergoing an US$8.2 billion expansion to eventually handle up to 80 million passengers a year.
Throughout the last month we have reported about several airports PPP projects globally:
Country news
-
-
July 06, 2015
New Terminal opens at Prince Mohammed Bin Abdul Aziz international airport
Saudi Arabia's General Authority of Civil Aviation (GACA) and Tibah Airports Development Company have announced the opening of the new terminal at Prince Mohammed Bin Abdul Aziz International Airport (PMIA) in Madinah Al-Munawarah. Read more -
August 10, 2015
Egis acquires a 51% stake in Projacs
Egis has acquired a 51% stake in Projacs, a project and construction management firm in the Middle East. Read more -
November 26, 2015
Saudi Arabia to privatize airports by 2020
According to sources, Saudi Arabia, through the General Authority of Civil Aviation (GACA), has announced plans to begin privatizing its airports and related services by early next year. Read more
