Changi Airport's overseas investment arm loses key Saudi Arabia contract

The termination notice served on Feb 21, 2018, comes less than a year after Changi Airports International and Saudi Naval Services were awarded a 20-year contract to operate King Abdulaziz International Airport in Jeddah, Saudi Arabia.
The termination notice served on Feb 21, 2018, comes less than a year after Changi Airports International and Saudi Naval Services were awarded a 20-year contract to operate King Abdulaziz International Airport in Jeddah, Saudi Arabia.PHOTO: FACEBOOK/KING ABDULAZIZ INTERNATIONAL AIRPORT

SINGAPORE - In a major setback to Changi Airport's overseas ambitions, it has lost a key contract to operate and manage an airport in Saudi Arabia.

The termination notice served on Wednesday (Feb 21) comes less than a year after Changi Airports International (CAI) - Changi's foreign investment and airport management arm - and Saudi Naval Services were awarded a 20-year contract to operate King Abdulaziz International Airport (KAIA) in Jeddah, Saudi Arabia.

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