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: October 22, 2014
UAE. HSBC global expat survey highlights job prospects, better salaries, higher personal security as primary factors attracting expats to the country.
date:Posted: October 22, 2014
UAE. The total number of IPOs in Q3 2014 was lower than the previous quarter where we saw seven offerings. However, the total value in Q3 2014 was US$ 1.6 billion, which is a 78% increase in total value compared to Q2 2014.
date:Posted: October 22, 2014
INTERNATIONAL. The problem with an export-based economy is that the exporter is the hostage of its customers. Germany's and China's well-being depend not only on how they manage their economies, but on how their customers manage their own economies.
dhgate