You are hereHome CountriesKuwait
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: April 25, 2015
UAE. "Arab cinema industry must get more commercial and international,” says Mohamed Hefzy, the award winning Egyptian producer and director; More investment is needed in Arab entertainment sector to enable the players to raise the bar, according to Fortress Capital Investments.
date:Posted: April 24, 2015
INTERNATIONAL. The rally in crude oil and related products continues, and during the week it helped offset losses in industrial and precious metals, leaving the BBG Commodity Index flat.
date:Posted: April 24, 2015
INTERNATIONAL. As Internet use spreads to older people, rural residents, and women, marketing and media companies face opportunities and challenges in evolving customer base, says new BCG report.
dhgate