Airport will be tendered for developers next year after the design is completed.
Saudi Arabia will develop an airport near Jazan Economic City to handle 3 million passengers a year, the General Authority of Civil Aviation said. The airport will be tendered for developers next year after the design is completed, the authority said in an emailed statement today.
The facility, to be named after King Abdullah, will be 30 kilometers from the mega city being developed by Saudi Binladin Group and Malaysia’s MMC Corp that has attracted more than $31 billion in investments.
The authority plans to spend between $10 billion and $20 billion on developing and upgrading airports by 2020, with private investors set to contribute up to $10 billion.