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SAUDI industrial conglomerate Binladin Group has won two contracts worth SR27 billion ($7.2 billion) to revamp King Abdulaziz International Airport in the Red Sea port city of Jeddah.
The contracts were for the first phase of a development project that will raise the airport’s annual capacity to 30 million passengers.
Saudi Arabia plans to spend billions of riyals in the coming decades to overhaul some of its airports. In March, the kingdom’s civil aviation authority said traffic at Saudi airports had reached 30 million passengers annually and was expected to double to 60 million over 10 years.
