Airport to be Built by Kuwait in Iraq Forecast as Gateway for Gulf InvestmentsSource: www.export-egypt.com 2/1/2015, Location: Middle East |
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The ground breaking for the USD 420 million-first phase of the project will take place in the spring of 2015 and the airport is projected to be fully operational in early 2017, she unveiled.
She elaborated that Al Nasriyah, in its capacity as the airport sponsor and developer, will lead an international consortium of airport consultants, engineers and EPC contractors to design, build and operate it for 45 years. The extraordinary investment and project are a culmination of nearly one year of meetings and negotiations that first began when Diwaniya Governor Dr. Ammar Al-Madani and Al Nasriyah signed a Memorandum of Understanding in April of 2014, when it was also approved by the Ministry of Transportation, she said. Sheikha Eman pointed out that the airport will be the largest cargo air facility in Iraq and will provide full service air freight and passenger operations for southern and central Iraq. The airport will occupy 7,000 donums (17.5 million sq. m. or 1,750 hectares) of land adjacent to Highway 1 outside of Diwaniya, she said, noting that "once the airport is fully operational, it will become the foundation upon which Al Nasriyah is going to develop an entire aerotropolis". She added that this full service aerotropolis will include hotels and an entertainment district, exposition cente, public plaza, shopping center, hospital, medical center, sports complex, industrial parks, university campus, research and technology park, just-in-time manufacturing facilities, and mixed use commercial and residential housing. The aerotropolis will occupy an additional 7,000 donums (17.5 million sq. m. or 1,750 hectares) of land that will be leased to Al Nasriyah once that phase of the project is ready to be commenced. The airport and aerotropolis will result in a total investment of USD 1.35 billion once all three phases of the project are completed, she said. Al Nasriyah Al Kuwaitiah Company signed late January the 45 year-land lease license for the Airport in Diwaniya in a ceremony attended by a large number of Iraqi and Kuwaiti officials. |
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