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This is an archive article published on November 14, 2010

Bin Laden group wins $7.2-bn Jeddah contract

The Saudi Bin Laden Group has won a USD 7.2 billion deal to build a new terminal.

The Saudi Bin Laden Group has won a USD 7.2 billion deal to build a new terminal and infrastructure at Jeddah international airport,the Saudi airports authority announced.

The project,to be completed over 36 months,will expand the capacity of the King Abdul Aziz International Airport to 30 million passengers per year from the current traffic of 17 million passengers,the General Authority on Civil Aviation said in a statement.

The contract for the deal was signed yesterday by Crown Prince Sultan bin Abdul Aziz,the country’s defence and aviation minister,in Agadir,Morocco,the statement said.

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