PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

606447

Primary Business Area

Transaction Advisory

Disclosure Date

Nov 18, 2021

Country

Saudi Arabia

Region

Middle East

Status

Completed

Estimated Total Budget

$329,810.00
(Project budget includes all project-funded activities)

Last Updated Date

Apr 2, 2023

Project Estimated Start Date

Oct 20, 2021

Project Estimated End Date

Jun 30, 2022

Project Description

The General Authority of Civil Aviation (GACA), the authority responsible for regulating the aviation sector, is looking to restructure the existing concession at the Prince Mohammed Bin Abdulaziz International Airport (PMIA) as a result of the impact of Covid-19. GACA is seeking IFC’s support to act as transaction advisor to GACA to identify several options for the rebalancing of the concession contract with an aim to preserve private sector participation in the project.

Development Results

E&S Risks / Impacts and Mitigation