89 companies seek prequalification for Qassim airport PPP

A total of 89 local and international companies have applied for prequalification to bid for the development of Prince Naif bin Abdulaziz International Airport in Qassim in the northwest of Saudi Arabia.

They comprise 55 local companies and 34 global companies, Matarat Holding, which manages almost 30 Saudi airports, said in a post on X. 

The prequalification phase is being run in collaboration with the National Center for Privatization & PPP (NCP).

The work scope includes design, financing, construction, transfer, operation and maintenance of a passenger terminal and supporting service facilities. Additional work includes developing airside infrastructure, such as runways, taxiways and aprons.

The expression of interest under the public-private partnership model was launched in February.

In January Saudi Arabia unveiled a new national privatisation strategy, seeking to raise $64 billion in private capital investments by 2030 to fund large-scale projects.

The PPP projects include building 13 strategic water reservoirs, the Saudi Land Bridge, and Abha International Airport.

The National Center for Privatization & PPP was established in 2017 as part of the kingdom’s Vision 2030 plans to encourage foreign and local investment in the country.

Matarat oversees the operations of more than 27 airports through its subsidiaries, including Riyadh Airports, Jeddah Airports, Dammam Airports and Cluster 2 Airports.

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