Latest news with #BaghdadInternationalAirportDevelopmentProject
Iraq Business
3 days ago
- Business
- Iraq Business
Baghdad Airport Development progresses with Public-Private Partnership
By John Lee. Prime Minister Mohammed S. Al-Sudani has reaffirmed his government's commitment to upgrading Baghdad International Airport (BIAP), chairing a high-level meeting to advance a public-private partnership (PPP) project aimed at overhauling Iraq's main aviation hub. Attended by representatives from the International Finance Corporation (IFC), the Prime Minister's advisors, and the Head of the Iraqi Civil Aviation Authority (ICAA), the meeting focused on finalising the bidding documents and launching the Request for Proposals (RFP) for qualified investors. The Prime Minister emphasised that the project must reflect Baghdad's status and meet rising passenger demand, in line with international standards. He called for guarantees to protect current employees and enhance their skills, while ensuring commercial management to improve state revenues. Plans include a new terminal with an annual capacity of 8.5 million passengers-expected to rise to 15 million by 2040-along with runway upgrades, VIP terminal unification, and investment in commercial activities around the airport. The IFC, which has supported similar airport projects in 11 airports across nine countries, is advising the government on feasibility, technical scope, and private sector engagement. While security and core sovereign functions will remain under government control, private investors will manage passenger services, ground handling, and air cargo within the terminals. (Source: PMO) Tags: Aviation, Baghdad, Baghdad International Airport, Baghdad International Airport Development Project, BIAP, cg, featured, Infrastructure, International Finance Corporation (IFC), Investment, Iraq Civil Aviation Authority (ICAA), public=private partnership (PPP), World Bank
Iraqi News
29-05-2025
- Business
- Iraqi News
Al-Sudani Chairs a Meeting with a Delegation IFC
Media Office of the Prime Minister said in a statement obtained by the Iraqi News Agency INA that Prime Minister Mohammed S. Al-Sudani Chairs a Meeting with a Delegation from the International Finance Corporation (IFC) to Follow Up on the Baghdad International Airport Development Project.
