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Wednesday, 24 October 2018

Airport Holding Company to announce winning bid in Ras Sudr airport or relaunching tender at month’s end

The Airport Holding Company could announce the winning bid for the Ras Sudr airport project by month’s end, or may relaunch the tender for the project, Tourism Development Authority (TDA) boss Serag El Din Saad said, according to Al Shorouk. The company is currently vetting between two offers for the EGP 2 bn airport and an adjacent touristic resort, one each from an Egyptian-Saudi consortium and another Egyptian-Emirati consortium. We had heard back in May that Toyota Tsusho Corporation, Samcrete, Arab Contractors and RW Armstrong & Associates were among the potential bidders. The government had re-issued its tender for the project back in March with amended stipulations, after failing to drum up investor interest last year.

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