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19-May-2010 10:59 AM

Iraqi Government approves master plan for airport investment

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.