Kuwait to spend US$6 billion to double airport capacity
Source: BI-ME with Bloomberg , Author: Posted by BI-ME staff
Posted: Wed May 23, 2012 12:05 pm

KUWAIT. Kuwait’s government will spend US$6 billion to almost double the number of passengers its international airport is able to handle by the end of 2016, the head of the country’s aviation regulator said.

Work will begin this year on adding a terminal and renovating infrastructure to raise capacity to 13 million passengers, Kuwait Civil Aviation President Fawaz Abdul-Aziz Al- Farah told reporters in Dubai today.

The airport, which is built to handle 7 million travelers a year, received 8.5 million passengers in 2011, and the figure may exceed 9 million this year, he said.

The expansion is part of Kuwait’s US$111 billion four-year development plan announced in February 2010 to build a subway and rail network, expand the airport and construct power stations, hospitals, roads and a port for the nation of 3.7 million people.

Neighboring Qatar and the United Arab Emirates are building airports and expanding existing ones to accommodate growth in travel.

Kuwait International Airport’s capacity may be expanded to 25 million passengers by 2025 and 50 million people by 2035, Al- Farah said.

The emirate’s main carriers are Jazeera Airways, a low- cost operator, and state-owned Kuwait Airways.

 

MIDDLE EAST BUSINESS COMMENT & ANALYSIS

date:Posted: September 2, 2014
INTERNATIONAL. U.S. strategic conception must evolve away from seeing these conflicts as distinct theaters into seeing them as different aspects of the same theater: the Black Sea.
date:Posted: September 1, 2014
UAE. The Middle East's top brands have grown by an average of 38%, according to The Brand Finance Middle East 50; This brings the total value of the top 50 above US$50 billion for the first time; Emirates holds the top spot and remains far ahead of the rest.
date:Posted: September 1, 2014
SAUDI ARABIA. Consumer spending also remained robust; Non-oil exports rebound owing to greater production of petrochemicals and plastics.
dhgate