Eight consortia bid for Medina airport project

Saudi Arabia's Prince Muhammad bin Abdulaziz International Airport in Medina is expected to commence expansion works in early 2011, which will increase the airport's capacity to 30 million passengers p/a (Arab News, 03-Oct-2010). Eight consortia are reportedly bidding for the project and GACA has appointed the International Finance Corporation of the World Bank as the project's financial consultant. The airport will be the first privately owned international airport in the country.