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FINANCIAL NEWS
Kuwait signs USD 4.4bn with Turkey for airport project
31 May 2016
(MENAFN) Kuwait signed a USD 4.4bn contract with Turkish firm ‘Limak Construction’ for a new airport project, which will triple passenger capacity.
Furthermore, the terminal which will be completed in six years will raise capacity at Kuwait’s only airport to 25mn passengers annually from almost 7mn recently.
On the other hand, it will accommodate total aircrafts types at 51 gates, an addition of 30 new gates, and will be able to serve 21 Airbus 380 superjumbos.
However, the project has been delayed many times due of claims of highly inflated costs after technical and financial objections by state.
More News
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BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
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13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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