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FINANCIAL NEWS
Mideast aviation projects value hit USD57.7bn
15 May 2017
(MENAFN) The whole value of 152 active aviation projects in the Mideast reached USD57.7bn at the end of April this year, as exposed data issued by BNC Network.
Moreover, in the GCC nations, Saudi Arabia accounted for the largest share of project value at 46 percent of the GCC”s total, trailed by the UAE by 26 percent and Kuwait at 12 percent.
Additionally, the Gulf region’s aviation projects also reached for 72 percent of the whole estimated value for all aviation projects in the MENA region.
In the cited month of the year, three airport projects in KSA were given for building, namely the redevelopment of Hail Airport for USD380mn, Qassim Intl for USD372mn and Taif Intl for USD350mn.
MENAFN1505201700450000ID1095479551
MENAFN1505201700450000ID1095479551
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