The tender to build a new terminal at Medina Prince Mohammed Bin Abdulaziz Airport in Saudi Arabia will be called in September, with the winner selected in November this year.
Eight companies have pre-qualified for the construction, scheduled to begin in the first quarter of 2011, according to The Moodie Report.
The companies include a consortium formed by Turkish TAV Airports Holding and Saudi Oger, Al Rajhi Holding Group, Consolidated Contracting Company and Airports Company South Africa.
A consortium led by Saudi Tibah, another by the Badr Group and four other consortia led by Saudi infrastructure groups have also qualified.
The $1.5bn project will increase the airport's passenger capacity from 3.5 million a year to 14 million a year following its completion in 2016.
As part of the project, the winning bidder will invest in the airport to enhance its existing facilities.
The terminal will be operated under a 25-year public-private partnership with the Saudi Government through the General Authority of Civil Aviation.