Thursday, February 28, 2013

Kuwait aims to decide winner of airport tender in Q1


Kuwait plans to choose a winning bid in the first quarter of this year from among 18 companies competing to build a new airport, a key project in the country's economic development plan, a government official said.

The airport, which is expected to cost around KWD900m (US$3.2bn) and open in 2020, would aim to serve as a regional air travel hub. Kuwait currently has only one international commercial airport.

The target is to get 25m passengers passing through the new airport each year, Faisal al-Ustaith, a director at the Ministry of Public Works, told Reuters on Wednesday. Kuwait's current capacity is around 7m annually.

"We expect an announcement during the first quarter of this year," Ustaith said.

Read more: http://www.arabianbusiness.com/kuwait-aims-decide-winner-of-airport-tender-in-q1-491321.html

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