11/06/2026 06:09 AST

Saudi Arabia's Matarat Holding and the National Center for Privatization & PPP (NCP) have issued a request for proposals (RFP) for the development of the new Taif International Airport under a public-private partnership (PPP) model.

The project will be delivered under a build-transfer-operate (BTO) contract with a term of 30 years, including the construction period, and is open to bids from private sector participants.

This project is in line with Vision 2030's goals, which aims to enhance the growth of the aviation sector in the Kingdom of Saudi Arabia. Through the National Transport and Logistics Strategy and the National Aviation Strategy, the kingdom seeks to strengthen its position among the leading nations as a global logistics hub connecting three continents.

The new Taif International Airport will be located 21 km southeast of the existing Taif Airport, and on completion, will able to accommodate around 2.5 million passengers by 2030.

The project scope includes (BTO) model of the new airport. The proposed design features a runway with a full-length-parallel taxiway, that connects to a single commercial apron, said a statement from Matarat Holding.

The new airport will boast a well-equipped commercial passenger terminal building aligned with the airport's projected capacity and demand, along with facility buildings, utility networks, car parks, and access roads that enable the standard operation of the airport. The project includes additional expansions to meet future subsystem requirements, it added.

Matarat Holding said the new Taif International Airport is expected to meet the projected increase in demand by 2055.

It is also expected to meet the needs of Umrah pilgrims as a viable alternative within the region's multi-airport system. This system includes King Abdulaziz Airport in Jeddah, Prince Mohammed bin Abdulaziz Airport in Madinah, and Prince Abdulmohsen bin Abdulaziz Airport in Yanbu, it stated.

The new Airport will contribute to the economic development of Taif city and its surrounding areas, in line with the National Aviation Strategy, as a highly efficient airport offering top-quality passenger experience, it added.


Trade Arabia

Ticker Price Volume
UAE maintains benchmark interest rate at 3.65% following US Fed decision

18/06/2026

The Central Bank of the UAE on Wednesday held its benchmark interest rate at 3.65 per cent. In a statement, the bank said it was maintaining the base rate applicable to the overnight deposit facility

Khaleej Times

Dubai's secret: Why diamonds are up to 20% cheaper in UAE than India?

18/06/2026

Diamond jewellery is cheaper in Dubai than India, costing between five to 20 per cent less, according to UAE jewellers.

The precious metal industry executives said savings becoming even more

Khaleej Times

Bahrain's CBB keeps overnight interest rate unchanged at 4.25%

18/06/2026

The Central Bank of Bahrain (CBB) has announced its decision to maintain the overnight deposit interest rate unchanged at 4.25%.

This decision comes as part of the review conducted by the CB

Trade Arabia

UAE debuts IPO-style sovereign retail sukuk scheme

18/06/2026

The UAE's Ministry of Finance has launched its first sovereign retail sukuk programme, offering individual investors access to government-backed Islamic investment instruments through a public subscr

Trade Arabia

Bahrain powers into Mena's Top 5 startup ecosystems

18/06/2026

The Kingdom of Bahrain has achieved strong rankings across several key indicators in the Global Startup Ecosystem Report (GSER) 2026 with the country's startup ecosystem generating $1.6 billion in Ec

Trade Arabia