Arab Today, arab today kuwait to invest 6b to expand airport
Last Updated : GMT 08:28:01
Arab Today, arab today
Arab Today, arab today

Kuwait to invest $6b to expand airport

Arab Today, arab today

Arab Today, arab today Kuwait to invest $6b to expand airport

Kuwait - Arabstoday

Kuwait intends to invest $6 billion (Dh34.84 billion) to expand its international airport to enable it to handle 13 million passengers by 2016, according to the head of the civil aviation authority. Kuwait International Airport unveiled its $2.1 billion (Dh12.19 billion) expansion plans last October. The latest announcement indicates a nearly $4 billion increase in investment. \"The project\'s cost amounts to $6 billion. The work is due to begin this year and the project is expected to finish by 2016,\" Fawaz Al Farah told reporters yesterday on the sideline of the Airport Show. He added that the expansion includes a new $3 billion terminal equipped with the latest technology, and an additional $3 billion to widen the runways, enhance the control tower and build a new control tower, and to set up a new cargo facility.Current capacity The present terminal can handle about seven million passengers annually. \"And the capacity could be further increased to 25 million passengers per year by 2025,\" Al Farah said. Kuwait airport handled 8.5 million passengers in 2011 and the civil aviation authority expects the number to exceed nine million this year, Al Farah said. The airport is the hub of national carrier Kuwait Airways and the privately-owned low-cost carrier Jazeera Airways. But while Jazeera Airways has been performing well, Kuwait Airways has accumulated losses of more than $2.7 billion, and recently got a nod for privatisation. Draft law Kuwait\'s cabinet reportedly approved an amended draft law on April 22, paving the way for the privatisation of Kuwait Airways within three years, after restructuring of the carrier delayed the original plan. As a part of the plan, the government will retain a 20 per cent stake in the company with 5 per cent to be distributed to the airline\'s employees \"equally and for free\", according to an earlier report. Kuwait\'s parliament first approved a plan to privatise Kuwait Airways Corp. in 2008, but the process has been repeatedly delayed.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today kuwait to invest 6b to expand airport Arab Today, arab today kuwait to invest 6b to expand airport

 



Arab Today, arab today
Arab Today, arab today Laptop ban sparks ire

GMT 09:02 2017 Thursday ,23 March

Laptop ban sparks ire
Arab Today, arab today Sheds light on major steps in 12-year career

GMT 06:07 2017 Monday ,27 February

Sheds light on major steps in 12-year career
Arab Today, arab today Dozens dead in US-led Syria strikes

GMT 08:35 2017 Thursday ,23 March

Dozens dead in US-led Syria strikes
Arab Today, arab today AT&T, Verizon join Google ad boycott

GMT 10:30 2017 Thursday ,23 March

AT&T, Verizon join Google ad boycott
View News in Arabic - Business: اقتصاد عربي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Yemen children dream of school

GMT 07:25 2017 Friday ,24 March

Yemen children dream of school
Arab Today, arab today MP submits a petition to dismiss university head

GMT 06:21 2017 Friday ,24 March

MP submits a petition to dismiss university head
Arab Today, arab today Salvage of South Korea's Sewol ferry

GMT 04:51 2017 Friday ,24 March

Salvage of South Korea's Sewol ferry
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Audi RS 5 Coupe acquires new design

GMT 13:22 2017 Thursday ,23 March

Audi RS 5 Coupe acquires new design
Arab Today, arab today Renault Trezor wins design award

GMT 11:56 2017 Tuesday ,21 March

Renault Trezor wins design award
Arab Today, arab today Merna Waleed praises her work with Soad Hosni

GMT 07:03 2017 Wednesday ,22 March

Merna Waleed praises her work with Soad Hosni
Arab Today, arab today 2017 already marked

GMT 15:25 2017 Tuesday ,21 March

2017 already marked

GMT 07:12 2017 Tuesday ,21 March

Donia Abdel Aziz participates in "Game of Silence"

GMT 22:00 2017 Thursday ,23 March

Number of unwedded girls amounts to 2.5m

GMT 10:34 2017 Tuesday ,21 March

Mexico threatens to ditch US corn imports

GMT 19:45 2017 Monday ,20 February

Sarah Belamesh designs antiques of "ceramic"

GMT 07:03 2017 Thursday ,23 March

Spider Venom May Offer Hope to Stroke Victims

GMT 10:18 2017 Tuesday ,21 March

Kuwait's tourism industry to be worth

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday