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, which is 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, Saudi Oger, Al Rajhi Holding Group, Consolidated Contracting Company and Airports Company South Africa.
A consortium led by Saudi Tibah and four other consortia led by Saudi infrastructure groups has also qualified.
The $1.5bn project will increase the airport’s passenger capacity to 14 million a year from 3.5 million a year following its completion in 2016.
As part of the project, the winning bidder will also 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.