Airport World - Joe Bates

22 March 2024

TAV Airports is to invest $275 million on expanding the existing terminal and building a new domestic terminal at Madinah Airport (Medina) in Saudi Arabia.

It says that the investment is needed to ensure that the airport is equipped to handle 18 million passengers per annum, allowing it to meet “surging passenger traffic”, which last year jumped by just under 50% to 9.4 million passengers.

The gateway, officially called Prince Mohammad Bin Abdulaziz International Airport, was Saudi Arabia’s first airport privatisation project.

The signing of the ‘Head of Terms’ agreement was attended by the Saudi Arabia’s Minister of Transport Saleh bin Nasser AI Jasser; president of General Authority of Civil Aviation (GACA), Abdulaziz Al-Duailej;TAV Airports CEO, Serkan Kaptan, and executive board member and chair of excom, Franck Mereyde.

[Read more: New developments to raise capacity of Madinah Airport – Airport World (airport-world.com)]