Malaysian firm to bid for Saudi airport deal

  • Share via facebook
  • Tweet this
  • Bookmark and Share

Malaysian automotive-to-insurance conglomerate DRB-Hicom has teamed up with Saudi International Trading and Marketing Ltd (SITM) to bid for airport ground handling services in Saudi Arabia.

DRB-Hicom, owned by Malaysian tycoon Syed Mokhtar Al-Bukhary, said the collaboration would enable the business to expand its overseas operations.

The company has signed a memorandum of understanding with SITM through its wholly-owned subsidiary KL Airport Services Sdn Bhd, it said in a stock exchange filing on Thursday.

The companies will do a feasibility study and submit their bid when they have received an invitation from the General Authority of Civil Aviation of Saudi Arabia.

DRB-Hicom did not reveal the potential value of the handling services contract.

Related:
Join the Discussion

Disclaimer:The view expressed here by our readers are not necessarily shared by Arabian Business, its employees, sponsors or its advertisers.

Please post responsibly. Commenter Rules

  • No comments yet, be the first!

Enter the words above: Enter the numbers you hear:

All comments are subject to approval before appearing

Further reading

Features & Analysis
Stronger together? Reviewing Emirates' historic partnership with Qantas

Stronger together? Reviewing Emirates' historic partnership with Qantas

One year after the “historic” Emirates-Qantas partnership deal...

Air Arabia to use tried and tested model in Ras Al Khaimah

Air Arabia to use tried and tested model in Ras Al Khaimah

Air Arabia signed an agreement last month to become the official...

Is Saudi Arabia ready for take off?

Is Saudi Arabia ready for take off?

Saudi Arabia has announced two new airlines and $30bn worth of...

1
Most Discussed