Oman is seeking to raise billions of pounds in funding as it looks to further expand airports in the country.
The state-owned Oman Aviation Group wants to raise up to £4.6bn to finance the expansion of state-owned Oman Aviation Group up until 2030, its chief executive Mustafa al-Hinaj told Reuters.
Government entity Oman Aviation Group was established in February last year and comprises Oman Air and Oman Airports. Oman Air is the national airline of the country, while Oman Airports operates and manages four airports in the country. The four airports manged by the government-owned company are Muscat International Airport, Salalah Airport, Sohar Airport and Duqm Airport.
In an interview with Reuters, al-Hinai said: “To promote growth we are working on a master development across all our airports. We are looking to develop airport cities which we will require financing for.”
He added: “The second thing we are looking for is expansion after 2023 for our airports and our airline.”
His comments come after the opening of Muscat International Airport last year, following almost six years of construction.
The redevelopment of Muscat International Airport is the largest project ever to be undertaken in the history of the Sultanate of Oman. The state-of-the-art passenger terminal building alone costed £1.8bn.
The terminal sits on a floorplate of 418,202m2 – equivalent to 80 football pitches. The structures required more than 31,100t of structural steel – seven times the amount used in the Eiffel Tower. They also required almost 520,000m3 of concrete. Over 240M hours were worked in total with a peak workforce of 22,000 representing 41 different nationalities.
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