Bahra Cables wins $80m Saudi airport deal
Wednesday, Jun 13, 2012
Bahra Cables Company on Monday said it had signed a supply agreement for the redevelopment of a key airport in Saudi Arabia.
The affiliate of Construction Products Holding Company (CPC) said it had inked a deal with the company handling the revamp of King Abdulaziz International Airport.
Under the agreement, Bahra Cables will supply medium-voltage cable worth SR300m ($80m) for the first phase of the project which will take 24 months to complete and will expand the airport's capacity to 30 million passengers annually.
The improved Jeddah airport, estimated to cost SR27bn ($7.19bn), is expected to begin operations in 2014.
Last month, it was reported that oil-rich Saudi Arabia plans to invest SR200bn ($53.33bn) in its aviation sector over the next five years.
The spending is aimed at meeting the demands of increasing air traffic in the kingdom due to a fast-growing population and economic development.
Saudi Arabia’s General Authority for Civil Aviation last month said it will also triple the capacity of King Khaled International Airport in Riyadh to 25m passengers by 2015.
The expansion work includes the construction of terminal 5, which will be completed by November 2013.
Source: Bahra Cables
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