Jeddah’s King Abdulaziz Airport to start operating May 2018

21/08/2017 Argaam

Jeddah’s King Abdulaziz International Airport (KAIA) is scheduled to be up and running May 16, 2018 (Ramadan 1), Alriyadh newspaper reported on Monday, citing Mohammad Al-Shitwi, deputy chief financial officer at Saudi Arabia’s General Authority of Civil Aviation (GACA).

 

Singapore's Changi Group, which won a contract to operate the airport under a 20-year concession, will deliver revenue from 35 percent to 50 percent to the Kingdom over the last 11 years of operation.

 

The 20-year concession proceeds are expected to cover all costs paid by the Kingdom for the development of KAIA, which will start with a capacity of 35 million passengers annually, Al-Shitwi added.

 

Going forward, the airport’s capacity is forecast to reach 100 million passengers annually.

 

In April, a consortium led by Changi Airports International (CAI) was selected by the aviation sector regulator to be the winning bidder for the KAIA, Argaam earlier reported.

 

Construction on the airport’s $7.2 billion expansion works is 90 percent complete.

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