Iraq Earmarks $50bn for Airport Projects

According to The Saudi Gazette, the Iraqi government has earmarked an estimated $50 billion for airport development projects in Iraq over the next few years.

Iraqi Airways is scheduled to add new 55 Boeing and Bombardier aircraft to its fleet soon.

The emerging markets of China, Russia, India, the Middle East, and Africa are forecast to be among the growth leaders in airport infrastructure development spending over the next few years.

Abdulmunaim M. Ismail and Ghaml Darweesh Al Isuozah, special advisors to Benkin Regane, Iraq’s Deputy Minister for Technical Affairs with Ministry of Transport , will make a presentation on Iraqi government’s plan to spend $150 billion for the infrastructure program related to airports, sea ports and railways. Special focus will be on ongoing and new transportation projects in Baghdad, Basra, Dohuk, Karbala, Salhaddin province etc. The Umm Qasr seaport expansion and country-wide railway network projects will also be highlighted.

“The presentations by Iraqi authorities will provide an overview of business opportunities available at the airports in Iraq, assesses challenges and obstacles with a view to mitigating them, leading to business opportunities for all,” said Raj Menon, General Manager of Arabian Reach, the organizers of the conference. “We were happy to have them as our featured speakers and are even happier to note that EMASC 2011 is on the road to becoming one of the largest airport suppliers event ever held in the Middle East.”

(Source: The Saudi Gazette)

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