Eighty-nine firms express Qassim airport interest
10 March 2026
Eighty-nine local and international firms have expressed interest in a contract to develop Prince Naif Bin Abdulaziz International airport in Qassim, Saudi Arabia.
The project is being developed by Saudi Arabia’s Civil Aviation Holding Company (Matarat), through the National Centre for Privatisation & PPP (NCP).
In a statement, NCP said the list includes 55 local companies and 34 international firms comprising 19 developers; 33 engineering, procurement and construction (EPC) contractors; 13 operators; 11 advisors; nine equity investors; three financial institutions and one in the other category.
These are:
Developers
- Ports Projects Management & Development Company (local)
- Tamasuk Holding (local)
- Makyol (Turkiye)
- Al-Gihaz Holding (local)
- Alfanar Company (local)
- Nesma Infrastructure & Technology (local)
- Plenary (Australia)
- WCT International (Malaysia)
- Al-Bawani (local)
- Egis (France)
- Mada International Holding (local)
- Vision Invest (local)
- Almutlaq Real Estate Investment Company (local)
- Samsung C&T (South Korea)
- Sarh Developments (local)
- IC Ictas (Turkiye)
- Kalyon (Turkiye)
- Saudi Binladin Group (local)
- Lamar Holding (Bahrain)
EPC Contractors
- SkyBridge (US)
- Avic (China)
- Saudi Pan Kingdom Company (local)
- Fas Energy & Infrastructure (local)
- Alghanim International (Kuwait)
- Abdul Ali Al-Ajmi (local)
- Technical Development Company for Contracting (local)
- China Civil Engineering Construction Corporation (China)
- Almansouryah General Contracting (local)
- Al-Fahd Company (local)
- YDA Insaat (Turkiye)
- China Harbour Engineering Company (China)
- Rowad Modern Engineering (Egypt)
- Abdullah Fahad Al-Khaledi Company for General Contracting (Saudi Arabia)
- Shade Corporation (local)
- Al-Ayuni Investment & Contracting (local)
- Setec (France)
- International Hospitals Construction Company (local)
- Arkad Engineering & Construction Company (local)
- Alrawaf Trading & Contracting (local)
- Abdulrahman Saad Alrashid & Sons (local)
- Mistacoglu Holding (Turkiye)
- Al-Jaber Contracting (Qatar)
- Mobco Construction (local)
- Sateaa Al-Tameer for Real Estate Development & Investment (local)
- China State Construction Engineering Corporation Ltd (China)
- China Construction Excellence Company (China)
- Safari Company (Saudi Arabia)
- Al-Sharif Group Holdings (local)
- Nayef Abdulkarim Company Al-Rakhis Contracting Company (local)
- Al-Yamama (local)
- Almabani (local)
- Buna Al-Khaleej Contracting (local)
Operators
- Annasban Group (local)
- Indiza Airport Management (South Africa)
- GMR Airports (India)
- Flynas (local)
- Bangalore International Airport Limited (India)
- Idemia Public Security (France)
- Saudi Ground Services (local)
- Oman Airports Management Company (Oman)
- Al-Qussie International (local)
- Serco Saudi Arabia (local)
- Al-Shams National Global Energy (local)
- DAA International (Ireland)
- TAV Airports (Turkiye)
Advisors
- Contrax International (UAE)
- Typsa (Spain)
- Ghesa Ingenieria Y Tecnologia (Spain)
- Pini Group (Switzerland)
- Hill International (United States)
- Walter P Moore Engineering Consultants (United States)
- Foster + Partners (UK)
- Arabtech Jardaneh (Jordan)
- Currie & Brown (UK)
- Meinhardt (Singapore)
- Populous (UK)
Equity Investors
- Namaya International Investment Company (local)
- Zamil Group Investment Company (local)
- Buhur for investment (local)
- Asyad Holding (local)
- IDS Consulting (local)
- Al-Gassim Investment Holding (local)
- Erada Advanced Projects (local)
- Sumou Global Investment (local)
- Abrdn Investcorp Infrastructure Partners (Bahrain)
Financial Institutions
- Bank Aljazira (local)
- Arab National Bank (local)
- Piper Sandler Companies (United States)
Other
- Middle East Tasks Company Metco (local)
The project scope includes the redevelopment of the passenger terminal as well as other associated facilities such as airside infrastructure, including runway, taxiways and aprons.
The project will be developed on a design, finance, construction, operations, maintenance and transfer basis.
The clients issued an expression of interest notice for the project on 9 February, and companies were given until 23 February to submit responses.
The latest development follows Matarat Holding and NCP prequalifying five teams to bid for a contract to develop the new Taif international airport project in Mecca Province in January.
According to local media reports, four consortiums and one standalone company have been prequalified to proceed to the next stage of the project.
The new Taif International airport will be located 21 kilometres southeast of the existing Taif airport, with a capacity to accommodate 2.5 million passengers by 2030.
The clients opted for a 30-year build-transfer-operate (BTO) contract model, including the construction period.
Previous tenders
The Taif, Hail and Qassim airport schemes were previously tendered and awarded as public-private partnership (PPP) projects using a BTO model.
Saudi Arabia’s General Authority of Civil Aviation (Gaca) awarded the contracts to develop four airport PPP projects to two separate consortiums in 2017.
A team of Tukiye’s TAV Airports and the local Al-Rajhi Holding Group won the 30-year concession agreement to build, transfer and operate airport passenger terminals in Yanbu, Qassim and Hail.
A second team, comprising Lebanon’s Consolidated Contractors Company, Germany’s Munich Airport International and local firm Asyad Group, won the BTO contract to develop Taif International airport.
However, these projects stalled following the restructuring of the kingdom’s aviation sector.
Saudi Arabia has already privatised airports, including the $1.2bn Prince Mohammed Bin Abdulaziz International airport in Medina, which was developed as a PPP and opened in 2015.
Register for MEED's guest program now to access this article.
Exclusive from Meed
-
Safety and security matters3 April 2026
-
Saudi forecast remains one of growth3 April 2026
-
-
-
Oman’s Nama PWP tenders consultancy contract3 April 2026
All of this is only 1% of what MEED.com has to offer
Subscribe now and unlock all the 153,671 articles on MEED.com
- All the latest news, data, and market intelligence across MENA at your fingerprints
- First-hand updates and inside information on projects, clients and competitors that matter to you
- 20 years' archive of information, data, and news for you to access at your convenience
- Strategize to succeed and minimise risks with timely analysis of current and future market trends
Related Articles
-
Safety and security matters
3 April 2026
Commentary
Colin Foreman
EditorRead the April issue of MEED Business Review
Employment and investment opportunities in a low or no-tax environment have been key attractions for people and businesses located in the GCC for decades. Another crucial factor has been safety and security.
That reputation has been tested by the missile and drone attacks that began on 28 February. Whether the GCC’s safe haven status has been damaged depends on perspective.
For some, the fact that attacks occurred fundamentally changes how the region is viewed. For others, the ability to absorb a serious shock, respond quickly, and keep daily life and businesses functioning demonstrates resilience.Any assessment of safety is also relative. Many people and businesses that relocate in the GCC do so not only for opportunity, but because of dissatisfaction elsewhere. Common reasons include limited economic prospects, high taxation, distrust in political leadership and concerns about personal safety. Even with the recent conflict, the GCC may still compare favourably for those considering these factors.
There is no doubt that missile and drone attacks are extremely dangerous, and the fear of further incidents can linger. Even if attacks are infrequent, the uncertainty matters. It can influence personal decisions, travel advice, and the cost of insurance and risk management. These perceptions will shape the region’s attractiveness.
Safety concerns vary. In many parts of the world, higher levels of crime are an everyday worry for residents and businesses. For some, the GCC may still feel like the better option, provided the current tensions do not become the new normal.
How this question is answered will play an important role in how the region’s economies perform in the period ahead. If confidence returns quickly and the risk is seen as contained and manageable, investment and hiring will likely rebound faster than many expect. If uncertainty persists or escalates, the road to recovery will be a long one.
READ THE APRIL 2026 MEED BUSINESS REVIEW – click here to view PDFEconomic shock threatens long-term outlook; Riyadh adjusts to fiscal and geopolitical risk; GCC contractor ranking reflects gigaprojects slowdown.
Distributed to senior decision-makers in the region and around the world, the April 2026 edition of MEED Business Review includes:
> AGENDA: Gulf economies under fire> GCC CONTRACTOR RANKING: Construction guard undergoes a shift> MARKET FOCUS: Risk accelerates Saudi spending shift> QATAR LNG: Qatar’s new $8bn investment heats up global LNG race> LEADERSHIP: Shaping the future of passenger rail in the Middle EastTo see previous issues of MEED Business Review, please click here
https://image.digitalinsightresearch.in/uploads/NewsArticle/16250747/main.gif -
Saudi forecast remains one of growth
3 April 2026
MEED’s April 2026 report on Saudi Arabia includes:
> COMMENT: Risk accelerates Saudi spending shift
> GVT &: ECONOMY: Riyadh navigates a changed landscape
> BANKING: Testing times for Saudi banks
> UPSTREAM: Offshore oil and gas projects to dominate Aramco capex in 2026
> DOWNSTREAM: Saudi downstream projects market enters lean period
> POWER: Wind power gathers pace in Saudi Arabia
> WATER: Sharakat plan signals next phase of Saudi water expansion
> CONSTRUCTION: Saudi construction enters a period of strategic readjustment
> TRANSPORT: Rail expansion powers Saudi Arabia’s infrastructure pushTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16250096/main.gif -
Dubai seeks consultants for Al-Khawaneej stormwater project
3 April 2026
Dubai Municipality has issued a consultancy tender to assess and upgrade the stormwater drainage system serving the Al-Khawaneej First residential district in northeastern Dubai.
The project, listed as TF-22-E1, covers the upgrading and rehabilitation of the stormwater system in the area. The tender has been issued by the municipality’s Sewerage and Recycled Water Projects Department.
The bid submission deadline is 23 April.
The works form part of Dubai’s wider efforts to strengthen flood resilience and support sustainable urban infrastructure development.
Two separate consultancy tenders were issued in March as part of a broader review of the emirate’s water and wastewater infrastructure to support future population growth.
One involves a study to develop a sustainable urban drainage systems strategy across the emirate. The other covers a review of the emirate’s sewage treatment and recycled water distribution strategy.
The Al-Khawaneej First consultancy role will include data collection, site investigations and an assessment of existing drainage conditions.
Additionally, the consultant will be required to identify flooding hotspots and evaluate the performance of the current system.
The project covers the preparation of preliminary and detailed designs, tender documents and construction packages as well as construction supervision through to project handover.
The municipality added that integrated drainage solutions are to be developed as part of the package, including sustainable drainage systems (SuDS) and nature-based approaches to address current and future stormwater demand.
READ THE APRIL 2026 MEED BUSINESS REVIEW – click here to view PDFEconomic shock threatens long-term outlook; Riyadh adjusts to fiscal and geopolitical risk; GCC contractor ranking reflects gigaprojects slowdown.
Distributed to senior decision-makers in the region and around the world, the April 2026 edition of MEED Business Review includes:
> AGENDA: Gulf economies under fire> GCC CONTRACTOR RANKING: Construction guard undergoes a shift> MARKET FOCUS: Risk accelerates Saudi spending shift> QATAR LNG: Qatar’s new $8bn investment heats up global LNG race> LEADERSHIP: Shaping the future of passenger rail in the Middle EastTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16249098/main.jpg -
Developer plans two residential schemes in Saudi Arabia
3 April 2026
Saudi developer Alramz Real Estate is planning two new residential developments in Jeddah and Riyadh.
In a Tadawul filing on 31 March, Alramz said it had signed an agreement with Oud Capital to establish a sharia-compliant real estate investment fund to develop the Alramz Front project in Jeddah’s Al-Firdous district.
The fund is targeting approximately SR650m ($173m), with Alramz committing about SR81.6m. The company will also contribute land totalling around 47,800 square metres, valued at SR215m, as an in-kind contribution.
The project is expected to deliver nearly 900 residential units. Alramz will serve as developer and exclusive marketer under a development contract valued at about SR269m.
Separately, Alramz said it had acquired mixed-use plots in Riyadh’s Al-Malqa district for SR94.6m. The 8,600 sq m site will be developed into a residential scheme comprising approximately 135 apartments.
READ THE APRIL 2026 MEED BUSINESS REVIEW – click here to view PDFEconomic shock threatens long-term outlook; Riyadh adjusts to fiscal and geopolitical risk; GCC contractor ranking reflects gigaprojects slowdown.
Distributed to senior decision-makers in the region and around the world, the April 2026 edition of MEED Business Review includes:
> AGENDA: Gulf economies under fire> GCC CONTRACTOR RANKING: Construction guard undergoes a shift> MARKET FOCUS: Risk accelerates Saudi spending shift> QATAR LNG: Qatar’s new $8bn investment heats up global LNG race> LEADERSHIP: Shaping the future of passenger rail in the Middle EastTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16249064/main.jpg -
Oman’s Nama PWP tenders consultancy contract
3 April 2026
Oman’s Nama Power & Water Procurement Company (Nama PWP) has opened a tender for the provision of environmental, social and governance (ESG) reporting consultancy services.
The tender seeks proposals from interested parties to support the utility in assessing its ESG maturity and identifying gaps against the Oman Investment Authority’s ESG guidelines.
The deadline for firms to submit offers is 10 May.
According to the tender notice, the selected consultant will develop the required ESG policies, strategy, report and implementation roadmap.
Nama PWP, part of Nama Group, said the scope of work is intended to support the company’s wider ESG framework as it continues to procure new power and water capacity in Oman.
The utility also recently opened a tender seeking proposals from qualified law firms to provide legal consultancy services in Oman.
The selected firms will be included on a panel and engaged on an as-needed basis. They will deliver legal advisory services across a range of matters relevant to Nama PWP’s business.
The deadline for firms to submit offers is 21 April.
In March, the state utility released its latest seven-year plan outlining the rapid expansion of solar and wind projects.
It expects the renewable energy share of Oman’s power generation mix to increase steadily across the period, reaching 16% in 2028 and 21% in 2029 before rising to 30% in 2030. This compares to about 4% in 2024.
The pipeline includes a series of large-scale independent power projects scheduled for delivery between 2027 and 2031.
Solar photovoltaic capacity in the sultanate is projected to rise from 1.54GW in 2024 to 23.26GW by 2031. Wind capacity is expected to grow from 120MW to 6.75GW,
READ THE APRIL 2026 MEED BUSINESS REVIEW – click here to view PDFEconomic shock threatens long-term outlook; Riyadh adjusts to fiscal and geopolitical risk; GCC contractor ranking reflects gigaprojects slowdown.
Distributed to senior decision-makers in the region and around the world, the April 2026 edition of MEED Business Review includes:
> AGENDA: Gulf economies under fire> GCC CONTRACTOR RANKING: Construction guard undergoes a shift> MARKET FOCUS: Risk accelerates Saudi spending shift> QATAR LNG: Qatar’s new $8bn investment heats up global LNG race> LEADERSHIP: Shaping the future of passenger rail in the Middle EastTo see previous issues of MEED Business Review, please click herehttps://image.digitalinsightresearch.in/uploads/NewsArticle/16249021/main.jpg