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KSA’s Jabal Omar, Ground Services ink new terminal MoU

KSA’s Jabal Omar, Ground Services ink new terminal MoU
The MoU will last for six months
JABAL OMAR
4250
34.86% 28.05 7.25
SGS
4031
72.79% 50.80 21.40

Riyadh – Mubasher: Saudi Arabia’s Jabal Omar Development has signed a memorandum of understanding (MoU) with Saudi Ground Services Co for jointly studying the possibility of establishing new passenger terminal at King Abdulaziz International Airport and Taif Regional Airport. 

The MoU will last for six months starting from the date of signing, 21 February, according to a statement to the Saudi Stock Exchange (Tadawul) on Thursday.

The new terminal aims to provide more services for pilgrims and Umrah performers in the central district and Makkah who come and depart from and to King Abdulaziz International Airport and Taif Regional Airport.

Jabal Omar, which is one of the largest listed property developers in the country, gave no further details on the value of the project.