Skip to content Skip to Search
Skip navigation

Kuwait awards $764m airport contract to Turkish company

By Pramod Kumar
Turkey's Limak will build part of Kuwait's $4.34 billion new airport terminal Foster+Partners
Turkey's Limak will build part of Kuwait's $4.34 billion new airport terminal

Kuwait has awarded a 236 million dinar ($765 million) contract to Turkey’s Limak to build part of a new terminal at Kuwait airport.

The Turkish company will build aircraft parking aprons, taxiways and service buildings, Reuters reported, citing the country’s official gazette.

The $4.34 billion new airport terminal is likely to triple the capacity of Kuwait’s airport to 25 million passengers a year.

Prime Minister Sheikh Ahmad Nawaf Al Ahmad Al Sabah in July said the new passenger terminal (T2) was one of the national projects aiming to modernise the Gulf nation’s infrastructure to serve Vision 2035, the state-run Kuna news agency reported.

Kuwait’s civil aviation ministry in June invited six prequalified companies to submit bids for the operation, maintenance and development of the international airport, including T2 and its affiliated aircraft aprons.

The list of prequalified firms included GMR Airports (India), Fraport AG Frankfurt Airport Services Worldwide and Munich Airport International (Germany), Incheon International Airport Corporation (South Korea), TAV Havalimanlari Holding Anonim Sirketi (Turkey) and Daa International (Ireland).

The Directorate General of Civil Aviation (DGCA) last month said it expected the total passenger traffic to and from Kuwait International Airport in 2023 to reach 15.5 million, up from 14.46 million last year.

It expected to operate 45,000 flights this season, an increase of 15 percent year on year.

The most active destinations from the airport during the summer season were Dubai, Istanbul, Cairo, Doha, Abu Dhabi, Jeddah, Riyadh, Bahrain and Amman.

Latest articles

Fakeeh IPO

Institutions snap up share of Fakeeh Care Group IPO in minutes

Institutional investors snapped up their slice of shares in the Saudi healthcare conglomerate Fakeeh Care Group within minutes of the start of the book-building process for the company’s IPO. Fakeeh Care Group, which was founded in Jeddah in 1978, has set the price range for its initial public offering (IPO) at between SAR53 ($14.13) and […]

Lebanon EU aid

Lebanon to receive $1bn in financial aid from the EU

A financial aid package for Lebanon from the EU valued at more than $1 billion was announced on Thursday by the European Commission president, Ursula von der Leyen.  The money, most of which will be grants, will be made available over the next three years. Some will go towards helping to control the flow of […]

UAE minister of industry and advanced technology and Adnoc group CEO Dr Sultan Ahmed Al Jaber (top centre) will become chairman of AIQ

Presight takes majority stake in Adnoc-G42 AI venture

The data analytics company Presight is acquiring a majority stake in AIQ, a joint venture between Abu Dhabi National Oil Company (Adnoc) and G42. Under the agreement, Presight, an Abu Dhabi-listed company, will own 51 percent of AIQ, with Adnoc keeping the remaining 49 percent, a statement released on Wednesday said.  Previously, G42 held 40 […]

ADQ listed its bonds on the London Stock Exchange, which it called a 'significant step' in diversification

ADQ’s first $2.5 billion bond issue four times oversubscribed 

Sovereign wealth fund ADQ has issued its first bonds, selling $2.5 billion of debt on the London Stock Exchange, in what the company says marks a “significant step” in diversifying its funding sources. Founded in 2018, ADQ – Abu Dhabi Developmental Holding Co – is one of three major Abu Dhabi sovereign funds and has […]