The General Authority of Civil Aviation (GACA) in Saudi Arabia has asked eight pre-qualified firms to submit bids by 15 December to develop Phase 1 of Medina Airport at a cost of $1.5bn.
The selected bidder will develop airside and landside facilities at the airport under a long-term concession as part of Phase 1, according to MEED.
The SAR9bn ($2bn) project will also include construction of a new passenger terminal, renovation of the existing runway and construction of a second runway in two phases.
The airport, which currently handles 3.5 million passengers each year, is expected to handle 14 million passengers annually once the upgrade is complete.
The pre-qualified firms include TAV Airports Holding, GMR Infrastructure, Aeroports de Paris Management, Saudi Binladin Group, Badr Consortium, Aena Desarrollo Internacional, YDA and Airports Company of South Africa.