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Iraq to invest $50 billion to develop airport infrastructure

: Monday, May 12 - 2014 @ 17:04

Iraq will invest $50 billion into the construction of new terminals and the upgrading of existing facilities in Iraqi airports, according to information released today (Monday, May 12) by the Iraq Airport Show, which will conduct its 2014 edition in September.

Iraq is currently in the process of experiencing a surge of economic activity, thanks to the recent revival of its OPEC business. However, high priority has been placed upon growing the aviation sector, which, so far, has shown steady improvement.

The government has plans to construct two new airports, one that has been named the Middle Euphrates International Airport (MEIA), located near Karbala, and another one in Duhok in the Kurdistan region of the country.

As well as opening two new terminals, existing ones will be undergoing major changes.  Expansion projects have begun at different airports in the country, such as Baghdad International Airport, Basra International Airport, Erbil International Airport, Al Najaf International Airport, Mosul International Airport and Sulaimaniyah International Airport. They will all have different features, such as new terminals, safety and security updates and improved IT support.

Meanwhile, flights between Kuwait and Iraq have been re-opened for the first time in more than 20 years. New routes have also been added, which include flights to Sweden, Malaysia, India and Denmark. Russia is also in talks with Iraqi carriers to open a direct flight between Baghdad and Moscow. Carriers that offer flight services to Iraq are also growing, but, currently, they include Turkish Airlines, Emirates Airline, Qatar Airways, Air Arabia, flydubai and EgyptAir, among others.

In addition, Iraqi Airways has placed ordersfor the delivery of new aircraft to be based in a number of airports around the country, such as Erbil International Airport, Baghdad International Airport, Al Najaf International Airport and Sulaimaniyah International Airport. The airline has signed an agreement with Bombardier worth $387 million for the delivery of five CSeries aircrafts and 11 CS300s.

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Monday, May 12- 2014 @ 17:04 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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