The deal only lasted eight months.
The aviation authority of Saudi Arabia ended its 20-year concession deal with Changi Airports International (CAI)-led consortium to manage the King Abdulaziz International Airport (KAIA) in Jeddah.
“Following an internal review, the General Authority of Civil Aviation (GACA) has decided to undertake a new international tendering process for the contract to manage the new King Abdul Aziz International Airport in Jeddah. This review raised a number of fundamental concerns that has required GACA to revisit and terminate the award of the concession to the consortium comprising of Changi Airports International and Saudi Naval Services. All actions undertaken by GACA are in accordance with the terms of the executed concession agreement,” said GACA in a media statement.
The aviation authority did not elaborate details as to why the agreement was terminated. GACA awarded the deal to CAI in May 2017.
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