Signing of amendment contract between Maldives Airports Company Ltd and Saudi Bin Laden Group


Maldives
PUBLISHED June 29, 2019

In special ceremony, the signing of the amendment contract for the development of the new Passenger Terminal building between Maldives Airports Company Ltd (MACL) and Saudi Bin Laden Group (SBG) was held on 27th June 2019.

 

The acting Managing Director of Maldives Airports Company Ltd Mr. Moosa Solih signed on behalf of MACL while Chief Operating Officer (international) of Saudi Bin Laden Group Mr. Paolo Bigi signed on behalf of SBG. This contract signed today saw the sealing of many months hard work in making a fresh start on the development of the new International Passenger Terminal building.


As per the contract the duration of work is around 42 months which is set to complete on May 2022. The building area is 78,000sqm and the project value is USD 357 million. The projects scope of works includes 6 contact stands and 4 remote stands at the New International Terminal Building, Landside Roads and Landscape works, Seaplane area with tourist lounges, Fine dining, retail and lounges, MEP works including inline BHS, vertical and horizontal assisted transportation compliant with EU and local security regulations, Demolition of existing pier building and related works.  As per the current progress, all piling works are completed and road diversion works are in progress. 


The ceremony was attend by the Minister of Finance, MACL chairman and board directors, MACL Company Secretary, Country Manager of Saudi Bin Laden Group, Consultant for VIA upgrading, and senior staff of MACL and SBG along with airport stake holders.

 

 

About Maldives Airports Company Ltd

Maldives Airports Company Limited (MACL) is a 100% government owned limited liability company incorporated under the Companies Act of the Rep of Maldives. MACL is governed by a Board of Directors appointed by the Privatisation & Corporatisation Board of the Maldives. The Corporate Office of MACL is on the island of Hulhule, Republic of Maldives.

 

Maldives Airports Company is the operator of Velana International Airport and has been massively involved in destination marketing and bringing in new airlines to the Maldives to boost up the tourism industry. MACL has embarked on one of the biggest projects in the history of Maldives in developing the future Velana International Airport such as the development of a brand new international passenger terminal, a new code F runway, a new cargo terminal complex and a new fuel farm along with hydrant system and major infrastructure developments at Velana internationals Airport.

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