IFC PLANS EXPANSION OF JEDDAH AIRPORT
March 1st, 2007
BY KEITH NUTHALLDETAILED plans are now being laid for the development of King Abdulaziz International Airport in Jeddah, Saudi Arabia, with the World Bank's International Finance Corporation (IFC) coordinating the management of long term concessions. A joint venture involving the Saudi Binladin Group and Aeroports de Paris Management has been chosen as the preferred bidder for a US$250 million to expand, rehabilitate and operate over 20 years a specialised passenger terminal for Hajj and Umrah pilgrims who flood into the region annually. The General Authority of ...
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