SAL Saudi Logistics Signs Land Lease Deal with Taiba Airports

SAL Saudi Logistics has announced the signing of a mutual agreement with Taiba Airports Operation Company Ltd for the lease of land at Prince Mohammed bin Abdulaziz International Airport in Al-Madinah al-Munawwarah.

SAL has leased land of 7,500 square meters (3,500 actual square meters and 4,000 square meters reserved) for a period of 16 years.

The agreement reduces rental costs by US$9 million throughout the contract period and it is expected that SAL will invest an estimated amount of US$3.2 million in the development of the new terminal which will increase the terminal capacity and efficiency.

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