Four groups shortlisted for Jeddah Airport

April 6- Saudi Arabia has shortlisted four groups for a $2.4 billion project to build and operate facilities linked to an airport in Jeddah, said a Saudi aviation authority official. The project, titled the Airport City Project, will take about 10 years to be completed and will attract $5.86 billion in investments, said Alaa Samman, director of business development for domestic airports at the General Authority of Civil Aviation (GACA). The bidders will be announced in August, he added.

According to the details, the plan also includes a private airport in Madinah at a cost of $1.6 billion, making it the first private airport in the city. Meanwhile, two other airport cities will be built in Riyadh, and Dammam. “We will also award the tender of Riyadh’s airport city this year and next year we will award that of Dammam,” added Samman.

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