Turkey's TAV Airports Holding said on Monday it had prequalified for a tender for operating rights of Saudi Arabia's Madinah airport with Saudi Oger Holding, Al Rajhi Holding Group and Consolidated Contracting Company.

The period of operation is 25 years. The tender is expected to be held this year.

Saudi Arabia plans to expand the airport at a cost of 9 billion riyals ($2.4 billion) under a build-operate-transfer contract.

The new terminal, at the existing Prince Muhammad bin Abdul-Aziz International Airport, will have a capacity of 12 million passengers per year. - Reuters