31-May-2010 1:12 PM

Iraqi Civil Authority requires up to USD30bn to develop air freight

Iraqi Civil Authority stated it would cost between USD25 billion and USD30 billion to develop the nation’s air freight industry, with USD5 billion to USD6 billion required to improve Baghdad International Airport alone (Gulf News, 30-May-2010). However, the authority stated it has other priorities, including developing the oil sector.

Iraqi Civil Authority: “The total cost of the plan to develop Iraq’s air freight sector, including airports and airlines, ranges between USD25 billion and USD30 billion. We have priorities, such as developing the oil sector. We are still importing some refined oil products. Developing the oil sector would basically give you more production capability. Secondly, we need to develop other sectors, such as education, health, security, electricity, the infrastructure of the country,” Adnan Blebil, Director General. Source: Gulf News, 30-May-2010.

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