A consortium led by Changi Airports International (CAI) has won a 20-year concession from the Saudi Arabian General Authority of Civil Aviation (GACA) to operate and manage the King Abdulaziz International Airport (KAIA) in Jeddah.
CAI CEO Lim Liang Song said the deal reflects "the strong partnership we have with GACA, from when we first started managing Dammam Airport eight years ago."
CAI, a wholly owned subsidiary of Singapore-based Changi Airport Group, beat competition from Malaysia Airports Holdings Bhd and ADP Management of France.
KAIA is undergoing an extensive upgrade, and the new airport is expected to begin operations in mid-2018.
See related article at: http://www.ihsairport360.com/article/8977/saudis-eye-growth-with-privatisation-push
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