Arabian Aerospace:Queen Alia Airport to invest $750m in redevelopment

Wednesday, October 14, 2009

Queen Alia International Airport (QAIA) in Jordan - part of the Airport International Group - announced at the conclusion of the Low Cost Airlines World MENA 2009 Conference, that it will be investing $750m in redeveloping the airport and building a state-of-the-art 86000 square meter passenger terminal.

Mr. Curtis Grad, CEO, Airport International Group - QAIA, said: "We expect Phase I of this terminal to be ready by early 2012. It will have a capacity to handle nine million passengers. Phase II will be able to handle an additional 12 million passengers.

"We are looking at inbound traffic from Abu Dhabi, Al Ain, Dubai and Sharjah and other parts of GCC markets to link up with QAIA and benefit from it. There are already six Low Cost Carriers (LCCs) that have a total of 80 arrivals and departures a week to Amman, Jordan. These are Air Arabia, Jazeera Airways, Bahrain Air, Sama Airlines, Nas Air and Fly Dubai."

During the year, QAIA has witnessed 15% increase in flight volumes, 10% increase in passengers during summer peak and 4% increase in passenger numbers till date.

QAIA said that there is a strong link with the UAE considering that Invest AD - an investment company based in Abu Dhabi - hold 38% of its equity, followed by Kuwait`s Noor Financial Investments which owns 24% equity.