TAV Airports to operate Yanbu Airport for 30 years following agreement

TAV Airports

 

Turkish airport operator, TAV Airports, has inked an agreement with the Civil Aviation Authority of Saudi Arabia (GACA) for the expansion and operation of Yanbu Prince Abdul Mohsin bin Abdulaziz International Airport, Saudi Arabia, together with its partner Al Rajhi Group.

Following the contract, TAV Airports will construct the airport’s new terminal and will operate the travel hub for 30 years.

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President and CEO, TAV Airports, Sani Şener enthused: “TAV has become one of the world’s highly-preferred brands thanks to the know-how acquired in airport construction and operation business. TAV has its signature in the capital city airports of six countries in the Gulf Region, which has become the most challenging market of the world lately.

“TAV’s success in the Madinah Airport project, which was the first airport privatisation project in Saudi Arabia, opened new doors in this country. We are glad to reach an agreement with GACA regarding the expansion and operation of the Yanbu Airport located on the west side of the country. Yanbu is an important industrial hub hosting the oil refineries and the world’s second busiest port.

“Located by the Red Sea, Yanbu also has a serious tourism potential, particularly thanks to its underwater treasures. On the other hand, its proximity to both Makkah and Madinah places Yanbu [is significantly important] in terms of Hajj and Umrah traffic,” he concluded.

Throughout 2017, Yanbu Prince Abdul Mohsin bin Abdulaziz International Airport is expected to welcome a total of 1.2 million passengers. This number is expected to reach three million passengers per annum following the completion of the first phase of the new terminal.

Yanbu Airport will be the second airport in Saudi Arabia to be operated by TAV, following Madinah Airport.