Arabtec consortium closing in on $3bn Abu Dhabi airport contract

29 April 2012 (Last Updated April 29th, 2012 18:30)

A consortium led by Arabtec Holding, which includes TAV Insaat and Athens-based Consolidated Contractors (CCC), is on the verge of securing Abu Dhabi International Airport's (ADIA) Midfield terminal construction contract estimated to be worth $3bn.

Abu Dhabi Airport-April 30

A consortium led by Arabtec Holding, which includes TAV Insaat and Athens-based Consolidated Contractors (CCC), is on the verge of securing Abu Dhabi International Airport's (ADIA) Midfield Terminal construction contract estimated to be worth $3bn.

An Abu Dhabi-based source told Reuters that the consortium had already been selected and only the details of the contract need to be finalised.

Another source from within the consortium was cited by Reuters as saying that the group had positive signals but no official information has been sent.

"They have the lowest bid ... it's likely they will win it," said a third source involved in the bidding.

ADIA's 700,000m² Midfield Terminal building contract, which is reportedly touted to be one of the largest airport projects ever considered, is expected to double the airport's passenger capacity to about 40 million a year, when it begins its operations in the first half of 2017.

The midfield complex will comprise the terminal building, passenger and cargo facilities along with duty-free shops and restaurants.

Abu Dhabi Airports Company (ADAC), the airport's operator had short-listed four groups for the general construction contract in February.

The other three shortlisted consortia include Samsung, ACC and Six Construct; Bechtel Corporation, ENKA and Al Jaber Group; and Hyundai Engineering and Construction, Kumho Engineering and Construction, China State Construction Engineering and Al Shafar General Contracting Company.

During the first quarter of 2012, ADIA has reported a 21% rise in passenger traffic to 3.4 million passengers when compared to the corresponding period last year.

ADAC's move to expand its capacity is expected to support the growth of its domestic carrier Etihad Airways.

Last week, a $800m contract was awarded to TAV Insaat to design, build and operate an aircraft maintenance hangar facility at King Abdul Aziz International Airport in Jeddah.

 

Image: The functioning of midfield terminal at ADIA will assist the airport to serve about 40 million passengers per year. Photo: Abu Dhabi Airports Company