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JEDDAH – The General Authority of Civil Aviation (GACA) is working on plans to develop land around all the country’s airports to create more economic activity and about 34,000 new jobs.
The GACA recently signed a contract with the International Finance Corporation (IFC) of the World Bank to carry out the commercial, technical, legal and financial studies to find ways to exploit the land economically.
The GACA has allocated two sites at Jeddah’s King Abdul Aziz International Airport for private sector investment, including commercial and residential buildings, offices, conference centers and parks. The pieces of land are one million square meters and 1.4 million square meters in size. One of it is east of the Haramain Road – the Jeddah Highway.
The GACA had completed its initial studies on the two sites and approved a number of companies and alliances, including local investors and international companies, to submit offers.
The GACA set the deadline at the end of May 2010. All bids will be assessed by a specialized committee to select the most adequate in terms of long- and short-term financial returns.

Airports Cities
Execution of the Airports Cities project is based on a partnership with the private sector. It will involve a main developer and will contain markets, aviation and travel, tourism, hotels businesses, warehouses, residential complexes and light industrial activities.
The GACA aims to exploit the vast areas around airports through private investment to raise the income of airports through non-aviation-related activities. In 2009 it had invited interested companies to introduce their qualification requests.
The qualification has been completed and the second stage would be the bidding and negotiating prior to selecting the company to be awarded the contracts. – Okaz/SG

EDDAH – Construction of Lamar Towers – the first integrated skyscraper project in the Western Region of Saudi Arabia – is now in full swing after the completion of the most important phase of the project which was the concrete mat casting for the 76-storey highest tower with 72 stories as planned.

Officials of Cayan for Investment and Development, the main developer of the project, presented to the media on Monday the

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JEDDAH: Jeddahs skyline along the Corniche will have a new dimension with Lamar Towers, described as the Kingdoms first integrated skyscraper project, beginning to take shape.

After completing the foundation works, the Lamar Towers project today enters a new phase, Ahmed Al-Hatti, chairman of Cayan for Investment and Development, told reporters on the site on Monday. A team of Jeddah mayoralty was invited to oversee the development.

The project consists of two towers, one of them consisting of 72 stories and the second one of 69 stories. With an investment of SR3 billion, it is considered one of the most important investment projects in Saudi Arabia, Al-Hatti said.

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JEDDAH: Emaar Economic City Company, which is the main developer of King Abdullah Economic City in Rabigh, on Friday signed an agreement with College of Business Administration to train 400 Saudi secondary school students.

The training program will be carried out in two phases, an official statement said, adding that secondary school students of Rabigh would be given preference. The course will take a total of 10 weeks. The training courses will focus on English language, computer skills, management and accountancy principles, finance, capacity development and communication skills.

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