Egypt's Orascom Construction announced on Monday that its joint venture in the United Arab Emirates has been awarded approximately $180 million contract for the expansion of Fujairah International Airport.
Orascom owns 60 percent of the joint venture with the UAE-based Al Sahraa Group, the company said in a statement posted on its website.
The project's scope encompasses the main infrastructure works for the airport expansion, including a new air traffic control tower, the extension of the existing runway, a new emergency runway, rapid exit taxiways and the airport special systems.
Last month, Abu Dhabi-based English language newspaper The National reported that expansion plans for Fujairah airport will see the runway upgraded to handle planes as large as an A380. The report said the work is being funded by the UAE federal government in collaboration with Abu Dhabi Airports Company.
(Writing by Anoop Menon) (firstname.lastname@example.org)
Our Standards: The Thomson Reuters Trust Principles
Disclaimer: This article is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Read our full disclaimer policy here.
For more data, analytics, tools and news on projects in the Middle East visit the Thomson Reuters Projects portal
© ZAWYA 2018