Saudi Arabia awards airport design contract for Red Sea tourism project to Foster + Partners

International airport is expected to start operations in 2022

Rendering of the planned international airport for The Red Sea Project in Saudi Arabia.

Rendering of the planned international airport for The Red Sea Project in Saudi Arabia.

Red Sea Development Company handout via Thomson Reuters Zawya

30 October 2019
The developers of Saudi Arabia's Red Sea tourism project have awarded the design contract for a new airport that will serve the luxury destination after a competitive tendering process.

The Red Sea Development Company (TRSDC), backed by Saudi Arabia's sovereign fund, PIF, said in a press statement that Foster + Partners was awarded the design contract for the international airport, which is expected to serve one million annual tourists and visitors by 2030.

"Awarding the contract for the design of our airport is an important milestone and the first of the underlying infrastructure projects of the destination," the statement quoted TRSDC's CEO John Pagano as saying.

It said the airport, which is due for completion in 2022, would have a peak capacity of 900 passengers per hour.

The company looks forward to collaborating with "Foster + Partners and their engineering sub-consultant, WSP Global" to develop "an innovative design that will enhance the visitor experience, meet our sustainability goals and enable us to deliver an airport for the future," Pagano said.

On Tuesday, Reuters reported that TRSDC is seeking a loan of more than 10 billion Saudi riyals ($2.67 billion) from four to five local banks to finance tourism projects

The statement noted that apart from a dedicated airport, the first phase of the development will include up to 15 hotels offering 3,000 hotel rooms across five islands and two inland sites, as well as commercial, retail and leisure facilities and other infrastructure. Upon completion in 2030, the destination will deliver up to 8,000 hotel rooms across 22 islands and six inland sites.

(Writing by Anoop Menon; Editing by Seban Scaria)


Our Standards: The Thomson Reuters Trust Principles

Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.

For more data, analytics, tools and news on projects in the Middle East visit the Thomson Reuters Projects portal

© Thomson Reuters Projects News 2019