Al Jaber Win Saudi Airport Build

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Al Jaber Win Saudi Airport Build

UAE’s Al Jaber Group Wins Contract To Build New Airport in Saudi Arabia

The project will include a new passenger terminal covering an area of 86,000 square metres and will be built to accommodate around five million passengers annually.

Abu Dhabi-based construction firm Al Jaber Group announced that it has been awarded the contract to develop the new airport in Abha, Saudi Arabia.

The company said that the new contract is worth SAR1.8 billion ($490 million).

The project will include a new passenger terminal covering an area of 86,000 square metres and built to accommodate around five million passengers annually.

It will also include 20 passenger boarding bridges, an apron for planes to park and parallel corridors to accommodate 26 planes simultaneously.

The airport, which is scheduled to be completed in 36 months, will also have a car park building, which will accommodate up to 2,800 cars.

“Al Jaber Group KSA branch is witnessing substantial growth since we started our operations in Riyadh last year,” said Obaid Khaleefa Al Jaber Al Marri, chairman of Al Jaber Group.

“We are looking to winning more projects in the Saudi market in the near future. Al Jaber Group is well positioned to benefit from the increased momentum in the launch of new projects in this strategic market”.

Al Jaber Group, which signed a debt restructuring deal with creditors last year, is recouping its operations in the UAE’s construction sector.

The Abu Dhabi-based family business recently won a deal worth Dhs2.57 billion to construct 40 residential buildings in the capital. The contract included the construction of 1,920 residential units for the staff of state-owned Abu Dhabi National Oil Company in Ruwais.

Source: Gulf Business

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Moving Abroad Checklist

Initial Considerations

Will your partner be travelling with you?

If so, what will they be giving up in your present home and will they be able to continue with their career in your new home? You will need to check whether a separate visa is required for your partner to work or if your visa gives that right. If they are unable to work you will need to decide on the effect on your finances and what alternatives are available to give a fulfilling life (home business, training, voluntary work).

Are you taking family with you?

Moving with family raises many exciting opportunities, but also can create challenges. The HSBC Expat Explorer survey indicates that expat kids can take six months to settle in to their new country (see article). Getting young or even older children to prepare to move and leave their friends and family behind can be a challenge and should be thought through.

The options for education is another area that needs to be thought through.

Moving your child to a new country with a different education system can be a great opportunity to broaden their experience, but if they are close to key exams the timing can make this inadvisable. If you do take your family with you, it is important to decide between joining the local school system or choosing an international school.

Where will you be living?

Whether you will be living in a house or apartment, furnished or unfurnished, these decisions will affect what you need to take with you. The time you are planning to live overseas will also affect whether you should leave your property at home empty, rent it out or sell it. See the article Sell, Store or Ship.