German construction group Hochtief said it will take the technical and commercial lead in a $1.45 billion King Khaled International Airport spread project in Riyadh.
Hochtief will redesign, upgrade and develop two existing terminals, and destroy and renovate other parts of the airport infrastructure in a joint venture (JV) with Shapoorji Pallonji Mideast L.L.C. and Nahdat Al Emaar, the company said in a statement.
Hochtief has a 55% stake in the joint venture(JV). The German contractor was awarded the contract by the Saudi General Authority of Civil Aviation (GACA).
Apart from reconstructing and expanding the existing Terminals 3 and 4, the contract also associates the demolition and reconstruction of the aprons inclusive of apron lighting and fueling facilities.
The contract further covered the construction of new terminal lounges and operation buildings, as well as the installation of goods handling and security systems. Hochtief will also be responsible for installing IT, fire protection, and communication systems at the airport.
Marcelino Fernández Verdes, CEO of Hochtief said: “We are very glad to have won this major contract.
“It reinforces our position as an important infrastructure construction group and set out that our international specialization and the know-how of our engineers in the area of complex, large-scale projects are most appreciated by our clients.”