Business | Investment
UAE companies keen to invest in Sudan's new international airport
A leading UAE bank and two investment firms are keen to provide loans to Sudan for the new $2.5-billion Khartoum International Airport, a Sudanese official said.
- By Shakir Husain, Staff Reporter
- Published: 00:11 June 4, 2008
Dubai: A leading UAE bank and two investment firms are keen to provide loans to Sudan for the new $2.5-billion Khartoum International Airport, a Sudanese official said.
The Sudanese government is expected to award the contract for building the airport in August.
Saudi Bin Ladin Group, Turkish airport operator TAV and a Chinese company are competing for the deal, the project's engineering and technical director Mudathir Ali said.
Apart from the 10-million annual capacity airport, scheduled to open in 2012, there will be a government office complex and a free trade zone in the 79 square-kilometre development.
At least three UAE firms have offered loans. "One is a major bank and two are investment funds," Ali said, adding that the bank is initially ready to provide $500 million but no deal has been agreed upon yet.
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