Arabtec-TAV In Final Talks For Abu Dhabi Terminal

May 7, 2012

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The Abu Dhabi government has identified an Arabtec consortium that includes Greek and Turkish firms as the preferred bidders for an estimated USD$3 billion contract to expand the oil-rich emirate's international airport.

Abu Dhabi Airports (ADAC), which is awarding the contract, will officially announce the agreement in June, it said in a statement.

The consortium, which includes Turkey's TAV Insaat and Athens-based Consolidated Contractors, were on the cusp of securing the contract, four sources told reporters in April.

TAV Insaat is a unit of Turkish builder Akfen Holding.

"ADAC is currently in discussions with the preferred bidder to finalise all details of the contract prior to its signing, and before officially announcing the winning contractor of the Midfield Terminal Building at the capital's airport in June this year," the statement said.

ADAC released the tender to six pre-qualified groups of joint companies to build the terminal and received all six proposals in November last year. The race was down to three final groups.

The 700,000 square metre terminal is one of the key strategic infrastructure projects to be undertaken in Abu Dhabi, and will initially handle 30 million passengers per year. It will be the future home of Abu Dhabi's Etihad Airways.

(Reuters)