Turkish TAV seeks financing to develop 3 KSA airports – Agency

Turkish TAV seeks financing to develop 3 KSA airports – Agency
(Photo Credit: Arabianeye-Reuters)

Riyadh – Mubasher: Turkish TAV Airports Holding is in talks with banks to get $250 million to develop three airports in Saudi Arabia, Reuters quoted the airport operation’s president Mustafa Şener on Tuesday as saying.

TAV was chosen in cooperation with Al Rajhi Holding Group to operate Saudi Arabia's Yanbu, Qassim, and Hail international airports for 30 years.

Moreover, the Turkish firm has completed the buyout of construction conglomerate Saudi Oger's stake in the consortium operating the airport, Şener added.

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Source: Mubasher

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