{"id":77572,"date":"2024-03-25T00:00:00","date_gmt":"2024-03-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/"},"modified":"2024-03-25T00:00:00","modified_gmt":"2024-03-25T00:00:00","slug":"sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/","title":{"rendered":"SAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport"},"content":{"rendered":"

SAL and Tibah Airports <\/strong>partner<\/strong> to boost cargo <\/strong>capacity at Madinah airport:<\/strong> KSA-based logistics provider SAL Saudi Logistics Services<\/a> and Madinah\u2019s airport operator Tibah Airports<\/a> have inked a 16-year cooperation agreement to lease land for the development a new SAR 12 mn air cargo terminal at Madinah\u2019s Prince Mohammad Bin Abdulaziz International Airport, according to a Tadawul disclosure<\/a>. The transaction value is worth SAR 420K annually, or to a portion of the terminal\u2019s revenues, whichever is higher. <\/p>\n

How it will work: <\/strong>SAL will construct and develop the cargo terminal on a 7.5k square meter plot, in a bid to boost cargo capacity and efficiency, according to the disclosure. SAL will save SAR 34.36 mn on rental costs over the duration of the contract.<\/p>\n

And that\u2019s not all:<\/strong> National carrier Saudia also signed an agreement with Tibah Airports to expand Madinah airport\u2019s operational capacity through connecting it with other locations worldwide, SPA<\/a> reported last Thursday.<\/p>\n

The airport is seeing an overhaul:<\/strong> The second phase of the Tibah\u2019s expansion work launched last week<\/a> as officials look to more than double the capacity to 17 mn travelers by 2027. The SAR 1.2 bn second phase is being carried out by a consortium that includes Turkish airports contractor TAV Construction and local Al Arrab Contracting.<\/p>\n

SAL inked a similar agreement with Dammam Airport back in December: <\/strong>The company is investing 100 mn<\/a> into the renovation and upgrade of the Dammam cargo terminalbetween now and 2033. The agreement sees SAL saving some SAR 276 mn in rent payments over the period, while receiving an annual payment from the airport that is equivalent to SAR 16.5 mn or 5% of the terminal\u2019s annual gross revenues, whichever is higher.<\/p>\n","protected":false},"excerpt":{"rendered":"

SAL will invest some SAR 12 mn to develop a new cargo terminal at the airport<\/p>\n","protected":false},"author":1,"featured_media":77573,"comment_status":"","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[155],"tags":[145,122,152,31],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-77572","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cargo","tag-aviation","tag-cargo","tag-logistics-hub","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"79aa2d2b-41ec-412c-840a-ac46ef435a46","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/3\/2058.jpg","photo_position":"above","homepage_title":"","full_issue_title":"SAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport","related_issue":[77567],"teaser":"SAL will invest some SAR 12 mn to develop a new cargo terminal at the airport","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/3\/.8284a53b-d6ba-4210-a99d-fd2a20ee9d66.mp3"},"yoast_head":"\nSAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport - Logistics<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport\" \/>\n<meta property=\"og:description\" content=\"SAL will invest some SAR 12 mn to develop a new cargo terminal at the airport\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/\" \/>\n<meta property=\"og:site_name\" content=\"Logistics\" \/>\n<meta property=\"article:published_time\" content=\"2024-03-25T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport\",\"datePublished\":\"2024-03-25T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/\"},\"wordCount\":291,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?fit=%2C&ssl=1\",\"keywords\":[\"AVIATION\",\"CARGO\",\"logistics hub\",\"Saudi Arabia\"],\"articleSection\":[\"Cargo\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/\",\"name\":\"SAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport - Logistics\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-03-25T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/logistics\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"SAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#website\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"name\":\"Logistics\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#organization\",\"name\":\"Logistics\",\"url\":\"https:\/\/enterpriseam.com\/logistics\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/29618.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/29618.svg\",\"caption\":\"Logistics\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"SAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport - Logistics","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/","og_locale":"en_US","og_type":"article","og_title":"SAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport","og_description":"SAL will invest some SAR 12 mn to develop a new cargo terminal at the airport","og_url":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/","og_site_name":"Logistics","article_published_time":"2024-03-25T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"SAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport","datePublished":"2024-03-25T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/"},"wordCount":291,"publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?fit=%2C&ssl=1","keywords":["AVIATION","CARGO","logistics hub","Saudi Arabia"],"articleSection":["Cargo"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/","url":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/","name":"SAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport - Logistics","isPartOf":{"@id":"https:\/\/enterpriseam.com\/logistics\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?fit=%2C&ssl=1","datePublished":"2024-03-25T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/logistics\/2024\/03\/25\/sal-tibah-airports-ink-agreement-to-boost-cargo-capacity-at-madinah-airport\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/logistics\/"},{"@type":"ListItem","position":2,"name":"SAL + Tibah Airports ink agreement to boost cargo capacity at Madinah Airport"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/logistics\/#website","url":"https:\/\/enterpriseam.com\/logistics\/","name":"Logistics","description":"","publisher":{"@id":"https:\/\/enterpriseam.com\/logistics\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/logistics\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/logistics\/#organization","name":"Logistics","url":"https:\/\/enterpriseam.com\/logistics\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/29618.svg","contentUrl":"https:\/\/ent.news\/internal\/29618.svg","caption":"Logistics"},"image":{"@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/logistics\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/logistics\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/3\/2058.jpg?fit=%2C&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/77572","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/comments?post=77572"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/posts\/77572\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/issue\/77567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media\/77573"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/media?parent=77572"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/categories?post=77572"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/tags?post=77572"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/brand?post=77572"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/logistics\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=77572"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}