Changi wins 6-year Saudi contract
Published: 2008/11/19
Changi Airports International Pte, a unit of the owner of Singapore’s main airfield, said it won a S$65 million (US$43 million) contract to operate and manage an airport in Saudi Arabia, its second success in the Middle East.The agreement to run the King Fahd International Airport for six years is the largest it has won in terms of value, the Singapore-based company said in a statement yesterday. Changi Airports beat nine competitors in a bidding process that started in June, it said. - Bloomberg
Blogger's note : That's USD7 million a year to run an airport.
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