Press Releases

Press Releases

TAV Airports signed the contract for Medina Airport

TAV Airports signed a contract with GACA, the Civil Aviation Authority of Saudi Arabia, together with Al Rajhi and Saudi Oger for the Build Transfer Operate project of the Medina Airport, the first airport privatization of Saudi Arabia. The contract was signed by Prince Fahad, member of the Royal Family; Faisal Hamad Al-Sugair, the President of the Civil Aviation Authority; M. Sani Şener, TAV Airports President & CEO; Dr.Ibrahim Sulaiman Al Rajhi, Al Rajhi Holding Group Board of Directors Member, and Sheikh Ayman R. Hariri, Saudi Oger Limited Deputy General Manager.

TAV Airports and consortium partners, i.e., the Al Rajhi Group and Saudi Oger signed the contract for the Medina Airport, the first airport privatization of Saudi Arabia, using the Build Transfer Operate model. The Contract was signed by Consortium partners TAV Airports President & CEO M. Sani Şener, Al Rajhi Holding Group Board of Directors Member, Dr. Ibrahim Sulaiman Al Rajhi and Saudi Oger Limited Deputy General Manager Sheikh Ayman R. Hariri.

TAV Airports President & CEO M. Sani Şener said “As TAV Airports, we are very much honored to include in our airports portfolio the construction and operation of the Airport of Medina, one of the most significant cities for the Muslim World. Our partnership with two most significant major companies of Saudi Arabia gave rise to a collaboration whereby we can succeed in further airport tenders is Saudi Arabia as well. I am confident that increasing the capacity for the Hajj and Umrah trips from Istanbul, Ankara and Izmir, operated by TAV Airports, to Medina and the mutual communication and coordination to be enhanced will have significant contributions for the aviation sectors of Turkey and Saudi Arabia. As we have already arranged the financing prior to the tender, it is one of our biggest objectives to start the investment in the project at once, and to ensure early completion”.

Al Rajhi Holding Group Board of Directors Member, Dr. Ibrahim Sulaiman Al Rajhi stated, “Al Rajhi Holding Group is very pleased with the decision of GACA to award the first BTO airport Project in the region “Prince Mohammad Bin Abdulaziz Int'l Airport” to our “Tibah Consortium”. Al Rajhi Holding Group is honored to join hands with GACA to develop such an important entrance station to the country and extend the services to Prophet Muhammad (PBUH) city visitors. Al Rajhi Holding Group is proud to join hands with an airport business leader such as TAV Holding and the local Saudi Oger Ltd; I am sure that the three partners with their different but integrated skills and specialties will add to the successes of the new airport and to the ambitious objective of GACA”.

Saudi Oger Limited Deputy General Manager Sheikh Ayman R. Hariri said, "We are very proud and honored to be GACA's partner for Prince Mohammad Bin Abdulaziz Int'l Airport in Al Madinah Al Munawara, the first PPP project for the aviation industry in the Gulf region and one of the most important airports in the Kingdom of Saudi Arabia since it is a major entry and exit hub for the pilgrims & visitors to the Prophet's Mosque. With our partners, TAV Airports, Turkey's leading airport operator and the local Al Rajhi Holding Group, we are committed to develop, finance, build and operate Prince Mohammad Bin Abdulaziz Int'l Airport in Al Madinah Al Munawara with the highest international standards and to provide the best level of services to all passengers for the coming 25 years. This project is very important to Saudi Oger because Al Madinah Al Munawarah is the second most holy city for the Muslim World and the Site for the Holy Quran Compilation”.

Within the scope of the project whereby an investment of approximately 1 to 1.5 billion USD is contemplated, the Consortium shall construct a state-of-the-art passenger terminal in the first half of 2015, and shall be entitled to operate the Medina Airport for 25 years. Within the scope of the project, the civil works are planned to be started in the first half of 2012 and completed in three years, and operated by the Consortium until 2037. The capacity of the Medina Airport will be increased to 8 million passengers per year by increasing the capacity of the existing airport which had served 3.3 million passengers in 2010, through a new terminal building to be build, apron and fast exit roads, upon which the capacity shall be increased to 16 million passengers per year ­prior to the expiry of the concession period. The bid submitted by TAV Airports, with its consortium partners Saudi Oger and the Al Rajhi Holding Group was announced as the best bid on August 8, following the assessment by the local authority, the Civil Aviation General Directorate of the Kingdom of Saudi Arabia.

About TAV Airports Holding TAV Airports is one of the world's leading airport operators, operating Istanbul Atatürk Airport, Ankara Esenboga Airport, Izmir Adnan Menderes Airport International Terminal and Antalya Gazipasa Airport in Turkey, as well as 2 airports each in Georgia, Tunisia and Macedonia. TAV Airports also operates in other areas of airport operations such as duty-free, food and beverage services, ground services, IT, security and management services. TAV Airports also operates duty free, food and beverage and other commercial areas at Riga Airport in Latvia. The company, together with its subsidiaries, provides services to approximately 420 thousand flights and 48 million passengers each year. News and information are available on www.tavairports.com

About Al Rajhi Holding Group A well-established and diversified business group which has a strong presence in the MENA region, Al Rajhi Holding Group’s business lines include: contracting, infrastructure, railways, airports, downstream petrochemical industries, building solutions industries, and real estate development. Major activities of the Group include project development, projects’ execution, operations management, investments and acquisitions. News and information are available on www.alrajhi-holding.com

About Saudi Oger Limited Saudi Oger is one of the leading Engineering, Procurement and Construction, Facilities Management service provider and infrastructure project development companies in the Middle East. The businesses lines in which Saudi Oger is involved include construction, facilities management, real estate development, telecommunications, infrastructure project development, IT services and utilities. Saudi Oger Ltd has been providing facilities management services for airports in Saudi Arabia since 1992. The company’s facilities management experience covers domestic, regional and international airports. Saudi Oger works to meet the highest standards in client satisfaction through services that matches international standards. News and information are available on www.saudioger.com