Syria looks to secure $4 billion for redevelopment of Damascus Airport
In a significant move aimed at boosting global connectivity, economic growth, trade, and tourism within Syria, a consortium led by Qatar's UCC Holding has signed a memorandum of understanding for a $4bn airport redevelopment project. The project, which was officially unveiled under the patronage of Syrian President Ahmad Al-Sharaa, aims to enhance the capacity and infrastructure of Damascus International Airport, transforming it into a modern global entry point.
The redeveloped airport is expected to accommodate an impressive 31 million passengers annually, with the initial phase designed to handle 6 million passengers. Subsequent phases will expand capacity to 16 million and eventually reach the final target. This massive project is projected to generate more than 90,000 direct and indirect jobs.
UCC Holding, a key player in the consortium, has demonstrated its expertise in airport development and execution, having previously worked on projects such as Hamad International Airport in Qatar, Rwanda International Airport, and Tripoli Airport in Libya.
The consortium also includes Qatar's UCC Concessions Investments, Assets Investments USA, and Turkish firms Cengiz İnşaat, Kalyon İnşaat, and TAV Tepe Akfen.
The redeveloped airport will adhere to international standards set by the International Civil Aviation Organization (ICAO) and the International Air Transport Association (IATA), featuring modern facilities including up to 32 gates and a comprehensive air navigation service system, making it a true globe of aviation excellence.
This project is more than just an infrastructure development; it is also seen as a means to revitalize the Syrian economy and reintegrate it into regional and global trade and investment flows.
By entering the Airport Technology Excellence Awards, businesses can position themselves among top leaders driving aviation industry advancements. UCC Holding chairman Mohammad Moutaz Al-Khayyat stated that the project embodies a strategic partnership aimed at rebuilding one of Syria's most vital global entry facilities. TAV chairman Sani Şener also described this project as a strategic investment opportunity for infrastructure development.
However, the article does not provide any information about the current state of Damascus International Airport or specific details about the project's timeline or development plans. The search yielded no specific further leading actors beyond those already mentioned.
The success of projects of this magnitude, according to UCC Holding, requires the integration of global expertise with a deep understanding of local market needs. The consortium believes that this approach will ensure the project's success and contribute significantly to Syria's economic revitalization.
The project also includes the development of a 50km access road and $250m financing for the acquisition of up to ten Airbus A320 aircraft for Syrian Airlines. This ambitious project is undoubtedly a significant step towards modernizing Syria's aviation sector and bolstering its position in the global market.
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