My Account Menu

CAPA Login

Register to trial CAPA Membership!

Iraqi Government approves master plan for airport investment

19-May-2010 10:59 AM

Iraqi Government announced it is approving airport master plans for investment as part of plans to attract additional airlines to the country (Gulf News, 19-May-2010). The Government announced plans to expand Baghdad International Airport in 2005, which would double capacity with three additional terminals, a cargo village and free zone. Proposed commercial development includes a business park, conference and exhibition facilities, shopping malls and hotels. The project is expected to generate 70,000 jobs and USD2 billion in revenue p/a.

Iraqi Civil Aviation Authority:We've had interest from different groups over the years but nothing concrete yet. Anyone who is serious can start immediately. The airport is a very secure area surrounded by the military, ideal to invest in. We need investors with courage and money,” Dr Adnan Blebil, Director General. Source: Gulf News, 19-May-2010.