Dorsch Gruppe Medina terminal is set to be Saudi Arabia's first privatized airport project. KPF Six global teams are vying for the estimated $6.8-billion Midfield Airport Terminal project in Abu Dhabi. One of the Persian Gulf region's first public-private-partnership contracts—and the first for an airport in Saudi Arabia—has been awarded to a consortium led by Istanbul-based TAV Airports Holding AS and its local partners, Al Rajhi Holding Group and Saudi Oger Ltd.The consortium’s estimated $1-billion to $1.5-billion investment to expand the 30-year-old Prince Mohammad Bin Abdulaziz International Airport in Medina will be recouped through a concession to operate the airport
The market is generally healthy and steadily growing, and margins are up for large specialty contractors. Further, advances in design tools and owner demand for collaboration are giving subcontractors a seat at the table early on in projects.