TAV Construction has been appointed to the $400mn contract for Terminal 5 at King Khaled International Airport in Riyadh.
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TAV Construction, the Turkish construction firm, announced on Tuesday that it had won a tender worth $400 million from the Saudi Arabian government to build a new terminal at the King Khaled International Airport in Riyadh.
Terminal 5 is scheduled to be built within 18 months, TAV said in a press statement, adding that the tender was for the design and construction of the building. With the project win, the total contract value of projects TAV Construction has undertaken so far exceeded $16 billion.
The King Khaled Airport Terminal-5 project is the third tender TAV Construction has won in Saudi Arabia after the Jeddah Airport Aircraft Maintenance Hangars and Medinah Airport projects.
It will involve a 100,000sqm passenger terminal and various auxiliary facilities. The project also includes a 90,000sqm, 3,000 vehicle capacity multi-storey car park, a fire brigade building, an operation centre, power station, and an apron and other air-side infrastructure.
Furthermore, elevated roads and infrastructure work will be done to connect Terminal 5 to already existing terminals.
“As our construction company progresses to expand in the Middle East it also continues creating opportunities for our airport operations company. We won the construction project of the new terminal building in Riyadh, Saudi Arabia for a contract value of $400m. This is a very important project,” said Sani Sener, TAV Group CEO.
“Airport privatizations are continuing in Saudi Arabia. This airport is also one of those which will be privatized soon. In the meantime, our investment and operation in Medina is also ongoing. Our $800m hangar construction project at Jeddah Airport also continues.”
“We are now happy to be undertaking an airport construction project in the country’s third largest city and capital. The airport construction and operations business depends heavily on technology,” he added.
The design of King Khaled Airport Terminal 5 stands out as a project that will be completed at international standards, satisfy user requirements and display suitability to the local culture, as in all TAV Construction projects, Sener said.
The contractor is currently in the process of working on a number of Middle Eastern projects, including New Doha Airport in Qatar, Abu Dhabi Airport Midfield Terminal Complex, Medinah Airport New Passengers Terminal Building, Jeddah Airport Aircraft Maintenance Hangers, Muscat Airport Runway and Infrastructure works in Oman, Izmir Adnan Menderes Airport New Domestic Terminal in Turkey and the Dubai Marina 101 skyscraper.