Incheon Airport inks $130mn deal to run Kuwait Airport’s new terminal

2018.05.10 13:50:40 | 2018.05.10 13:53:09

[Photo provided by The Incheon International Airport Corp.]이미지 확대

[Photo provided by The Incheon International Airport Corp.]

The Incheon International Airport Corp. (IIAC) signed a 140 billion ($130 million) contract with Kuwait’s Directorate General of Civil Aviation (DGCA) to operate and maintain Kuwait International Airport’s new Terminal 4 (T4), the company said Wednesday.

It is the Korean main gateway operator’s biggest overseas feat, exceeding its total cumulative overseas contracts worth $93.4 million, the company said.

After readying staffing crew, it will open the terminal in August and oversee operation for the next five years.

The IIAC will be in charge of overall management business, ranging from test run and opening, managing commercial contracts, operating supplementary facilities to maintenance work. The company plans to initially send about 10 skilled workers to Kuwait International Airport and add more workers gradually.

Kuwait International Airport, wholly owned by the government of Kuwait, is one of major gateways in the Middle East that serviced 12 million passengers last year. The new T4 will be exclusively used by Kuwait Airways, the national carrier of Kuwait that accommodates an average of 4.5 million passengers a year. The IICA was selected as the operator of the T4 on April 22 by the Kuwait government.

By Ji Hong-gu and Choi Mira

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