GACA: New Development Projects to Support Private Sector at King Abdulaziz International Airport 2 Jeddah

The GACA has already contracted the International Finance Corporation (IFC), a
member of the World Bank, to conduct commercial, technical, legal and financial
studies on making use of land surrounding international airports in Jeddah,
Riyadh and Dammam.


The GACA organized a conducted tour on Sunday for delegates of companies
interested in carrying out projects at KAIA.


A GACA technical team had visited airports in Amsterdam, Hong Kong, Los
Angeles, Dubai Airport and South Korea to prepare development plans for the
Saudi airports.


The GACA also recently announced its plan to invite tenders from private
companies to develop and operate VIP passenger lounges at domestic and
international airports in the Kingdom.


“GACA’s board of directors approved the plan to realize its strategic goal
of developing Saudi airports on a commercial basis,” the statement said. The
project’s viability has been supported by a study conducted by the authority.
The GACA has set Feb. 14 as the last date for receiving applications from
tendering companies.


--SPA