Saudi Arabia launches $1.2bn Madinah airport
by Paromita Dey
Saudi Arabia launched the $1.2bn worth Prince Muhammad Bin Abdulaziz International Airport project on Thursday (2 July, 2015).
The airport will span an area of 4m sqm, and is the Kingdom’s first airport to be constructed and operated entirely by the private sector.
The project was inaugurated by King Salman, King of Saudi Arabia, Custodian of the Two Holy Mosques and the head of the House of Saud, in the presence of other dignitaries.
Capacity volumes of the airport, which can handle eight million passengers a year in the first phase, will be increased to 18 million in the second phase, and 40 million after the third and final phase.
Chief of Saudi Arabia's General Authority of Civil Aviation (GACA), Sulaiman Al-Hamdan remarked: “This is the fruit of partnership of GACA with a consortium led by Tibah Airports Development Co. and consisting of Al-Rajhi Holding Group, Saudi Oger and TAV Airports Holding.
“Ever since the airport was upgraded into an international one 10 years ago, it has witnessed steady growth in the passenger traffic with operation of 36 aviation companies, and this number will rise to 45 during the Haj season.”
The Tibah-led consortium won the bid for the construction of the airport in 2011 on the basis of build, transfer and operate with GACA.
The project is funded by the National Commercial Bank, Saudi British Bank and Arab National Bank under the supervision of the International Finance Authority, a member of the World Bank Group.
The main passenger terminal covers an area of 155,000sqm, and has 72 check-in counters, of which eight are for large size baggage, 24 counters for self-check-in, 26 passports counter for departures, and the same number for arrivals.
The waiting lounge has a capacity for 4,000 people. Technology-based services include 36 elevators, 28 escalators and 23 conveyor belts, all in place to facilitate and speed up the movement of passengers and luggage inside the passenger terminal complex.
Six external terminals have been built over a total area of 10,000sqm. These terminals are strategically located close to the Haj terminal to facilitate, and speed up procedures for arrivals and departures.