TAV Airports signed a 30-year concession for the operation and development of two more international airports in Saudi Arabia – Qassim and Hail gateways. Thus the company, that has been managing Medinah Airport in Saudi Arabia since 2012 and some other airports, is expanding its global airport portfolio.
The deal was signed with the Saudi General Authority of Civil Aviation (GACA) and will be carried out in partnership with the Al Rajhi Holding Group. With the new concession TAV will operate a total of 17 airports across the world.
TAV’s president and CEO, Sani Şener, said:
“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.”
The company envisages to work in harmony with its local partners and to seize every opportunity it is offered worldwide.