TAV eyeing more investments in booming Middle East airport projects
TAV Holdings CEO Mustafa Sani Sener stated the group is considering airport infrastructure investments in the Middle East (Gulf News, 13-May-2011). The immediate target is expected to the Midfield Terminal Building at Abu Dhabi International Airport, which is one of the shortlisted companies for the project along with Arabtec and Consolidated Contractors Company. TAV is already constructing the foundations of the Midfield Terminal, it is involved in the construction of New Doha International Airport's terminal building and is also participating in infrastructure projects at Muscat International Airport. TAV is preparing for the Medina BOT tender in Saudi Arabia, the CEO said. Mr Sener said the company is benefiting from the geographical proximity of Turkey to the region and cultural commonality.
TAV Holdings: "Our strategy is to continue to participate in airport projects in the region either on an investment basis through EPC (engineering, procurement and construction) contracts. And we are ready to participate in any kind of PPP [public private partnership] in the region as TAV Airports … TAV’s construction's presence in the [Middle East] region represents 65% of the company's global portfolio. We have always wanted to be a part of the growth in infrastructure in the Middle East." Mustafa Sani Sener, CEO. Source: Gulf News 13-May-2011.