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



Run MS Office Pro
2010
on latest Win7
Ultimate OS
to
increase your
business confidence




Buy HP Pavilion
laptop with Corsair
DDR3 RAM
for
superb performance




Need a personal loan
in Dubai?
Contact
Citibank UAE for all
of your banking needs

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: May 18, 2013
UAE. "The general trading atmosphere is sufficiently negative for gold to enable sellers to have a firm grip on the market. However, I fail to see how the rally in the stock markets can be put into any sensible relation to the economic plight of the underlying countries."
date:Posted: May 17, 2013
EGYPT. The Egyptian government has taken tentative steps towards reducing the roughly US$20 billion subsidy system that supporters say provides vital aid to the one-in-four Egyptians in poverty, and critics say is unsustainable and enriches the corrupt.
date:Posted: May 17, 2013
UAE. Red Hat's Mark Little and Tom Llewellyn explain how Large-scale Elastic Architecture for Data-as-a-Service (LEADS) will enable enterprises to leverage all of the public data on the web against privately held data.



Wide selection of craft tools and coloured pencils will give more options to your creative side


Doing business in the Middle East? Your starting point is GulfTradeHolding, the Middle East Business Directory