Last Updated: Sun Nov 14, 2010 23:32 pm (KSA) 20:32 pm (GMT)

Bin Laden Group wins bid for Jeddah airport revamp

The Saudi Bin Laden Group deal will increase King Abdul Aziz airport's capacity to carry 30 mln passengers per year
The Saudi Bin Laden Group deal will increase King Abdul Aziz airport's capacity to carry 30 mln passengers per year

The Saudi Bin Laden Group has won a $7.2-billion (27.1-billion-riyal) deal to build a new terminal and infrastructure at Jeddah international airport, the Saudi airports authority announced on Sunday.

The project, to be completed over 36 months, will expand the capacity of the King Abdul Aziz International Airport to 30 million passengers per year from the current traffic of 17 million passengers, the General Authority on Civil Aviation said in a statement.

The contract for the deal was signed on Saturday by Crown Prince Sultan bin Abdul Aziz, the country's defense and aviation minister, in Agadir, Morocco, the statement said.

Top OPEC oil exporter Saudi Arabia plans to spend billions of riyals in coming decades to overhaul some of its airports.

In March, the kingdom's civil aviation authority said traffic at Saudi airports had reached 30 million passengers annually and was expected to double to 60 million over 10 years.

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