VIDEO: Jeddah’s new airport project secures funding

Tuesday, 29 Nov 2011 08:41
KAIA is the major gateway to Makkah, where more than three million pilgrims gather for the annual Haj and a growing number of Muslims perform Umrah throughout the year.



The contract is for the first phase of a development project that will raise the airport's annual capacity to 30 million passengers.

Three new terminal buildings, a high-speed rail link and a capacity for up to 80 million passengers a year are among the targets proposed for a new airport.

Led by Gulf International Bank (GIB), the consortium includes Abu Dhabi Commercial Bank, Maybank (Malaysia), Samba, Union National Bank, Ahli United Bank, Emirates NBD, Arab National Bank, BNP Paribas, Arab Banking Corporation, Arab Bank plc and the Bank of Bahrain and Kuwait.

Earlier this month Abdul Hameed bin Hammad Aba Al-Arry has been appointed new director general of King Abdulaziz International Airport (KAIA) in Jeddah and was named as the general supervisor of the airport's expansion project.


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