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23-03-23

Matarat Holding Co. Signs Three-Year Contract with Egis to Develop Saudi Arabia's 26 Airports

(MENAFN) Matarat Holding Co., a state-owned aviation management firm in Saudi Arabia, has signed a three-year contract with consulting company Egis to serve 26 airports in the country. The contract was signed by Matarat’s CEO, Mohammed Almaghlouth, and Egis’ CEO in the Middle East and South Asia, Alaa AbuSiam. The agreement aims to establish phased project management portals, update airport project management policies and procedures, and provide technical support for planning and designing. The deal involves following up on the implementation of capital projects with Matarat subsidiaries, including Riyadh Airports Co., Jeddah Airports, Dammam Airports, and Cluster2.

According to Turki Almubadal, executive vice president of Projects and Technical Affairs at Matarat, this contract aims to provide support in several major areas and activities, including strategic planning for projects, building an asset management guide, preparing a unified guide for engineering specifications for designing and implementing projects, and following up on continuous improvement of their performance. He added that the signing of this contract will help the Kingdom achieve its National Aviation Strategy, which aims to increase international destinations to 250 and passenger capacity to 330 million by 2030.

The partnership between Matarat and Egis is part of Saudi Arabia's push to develop a global aviation hub in line with the goals outlined in Vision 2030. The Kingdom's commitment to the aviation sector is a crucial part of its economic diversification plan, with the aim of transforming the country into a global hub connecting Asia, Europe, and Africa.

Formerly known as Saudi Civil Aviation Holding Co., Matarat Holding Co. was established in 2013 by Saudi Arabia’s General Authority for Civil Aviation. The company aims to develop the Kingdom’s airports and improve their performance, along with contributing to Saudi Arabia’s sustainable development process in the aviation sector.

Partnering with Egis will help Matarat achieve its goals by providing technical support and expertise. Egis is a global consulting and engineering firm that provides airport planning and design services, as well as project management and technical support. The company has a strong presence in the Middle East and has been involved in several airport development projects in the region.

The three-year contract between Matarat and Egis is a significant step towards the development of Saudi Arabia's airports and the achievement of its National Aviation Strategy. The partnership is expected to bring about improvements in project management policies and procedures, as well as the performance of the Kingdom's airports, contributing to the sustainable development of the aviation sector in Saudi Arabia.
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