Hochtief to expand airport in Riyadh for 1.3 billion eurosStaff writer ▼ | July 6, 2015
Hochtief has 55 percent stake in the joint venture Hochtief is to upgrade and expand the King Khaled International Airport in Riyadh, the capital of of Saudi Arabia.
Construction The King Khaled International Airport to be expanded
The contract is worth about EUR 1.3 billion. Construction has started already and completion is currently planned for May 2019. This project is the first part of the extensive program by GACA to develop and expand the airport´s facilities worth EUR 4 billion.
Apart from refurbishing and expanding the existing Terminals 3 and 4, the now awarded contract also involves the demolition and reconstruction of the aprons inclusive of apron lighting and fueling facilities.
The contract further covers the construction of new terminal lounges and operation buildings, as well as the installation of baggage handling and security systems. Hochtief will also be responsible for installing IT, fire protection and communication systems. ■