Unlocking investment opportunities in Iraq’s Civil Aviation / Airports Sector
All the promising signs point to the existing and future business opportunities in Iraq. Iraq civil aviation sector is experiencing what has been heralded as a "new beginning'. Despite being up against a challenging environment and years of under investment and deterioration, significant steps towards the reconstruction of the civil aviation sector have been taken by the state authority.
The government has a clear vision to develop world class facilities that it plans to develop, as well as a strong strategy for rebuilding Iraqi Airways as an international airline. Iraq's major airports infrastructure enhancement program are being underway and provincial governments are upgrading existing airports as well as planning the construction of new airports to cater the growing demand.
Iraq Aviation & Airports - Quick Facts
- US$50bn have been earmarked on airport development projects in Iraq over the next few years
- Iraqi Airways Company placed 55 new aircrafts worth US$2.6bn order to buy Boeing and Bombardier aircrafts to expand its existing fleet
- Airport expansion is undergoing in Baghdad, Basra Erbil, Mosul, Sulaimaniya and Dohuk
- New Airport Construction in Najaf and Karbala
- Kirkuk Airport at bidding stage
- 23 airlines are servicing Iraqi Airports
- 19 civilian airports and 7 military airports
|