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SAL, Tibah Airport partner up to boost cargo capacity at Madinah airport:Cargo firm SAL Saudi Logistics Services signed a 16-year cooperation agreement with private airport operator Tibah Airports to establish and develop a new air cargo terminal at Madinah’s Prince Mohammad Bin Abdulaziz International Airport, state news agency SPA reported on Friday. Under the agreement, SAL will pour over SAR 12 mn in investments for the new cargo terminal to help boost capacity and operational efficiency. Tibah Airports is Madinah’s airport operator.
And that’s not all: National carrier Saudia signed an agreement with Tibah Airports to expand Madinah airport’s operation capacities through linking the city with the world’s cities, state news agency SPA reported earlier.
The airport is seeing an overhaul: The second phase of the airport’s expansion work launched last week as officials look to more than double the capacity to 17 mn travelers by 2027. The SAR 1.2 bn second phase is being carried out by a consortium that includes Turkish airports contractor TAV Construction and local Al Arrab Contracting.
All under a privatization push: The General Authority of Civil Aviation (GACA) announced last year a USD 100 mn privatization plan for the se sector in a bid to boost competition. The plans see GACA allowing the privatization of airports and ground-handling operations among other facilitations for the private sector.
