Incheon Airport to Operate Terminal 4 of Kuwait Airport

The Incheon International Airport Corporation (IIAC) has won the largest-ever overseas airport operation contract.

The IIAC said on April 23 that the company was selected as operator of Kuwait International Airport’s Terminal 4 (T4).

The client is the Kuwaiti government. The IIAC will operate, manage, maintain and develop the new Terminal Four (T4) at Kuwait International Airport. The project will cost US$ 127.6 million. The project is the largest-ever among those landed by the IIAC. The project volume, as the single largest overseas airport operation project, eclipses the IIAC’s total accumulated orders of US$ 93.44 million.

The company will finish preparations to open T4 at Kuwait International Airport such as test operation in the next three months and will run and maintain the terminal until 2023.

Some of the world's leading airport operators such as France’s ADP, Germany’s Fraport, TAV in Turkey and Dublin Airport in Ireland among others competed to land the order to run Kuwait International Airport’s T4.

The IIAC’s winning the contact to run T4 also raised the possibility of landing additional orders in the future. Kuwait International Airport is currently carrying out the construction of T2 which will be able to handle 13 million passengers a year with the goal of completion in 2022. The IIAC plans to secure advantages in the selection of the T2 operator.

In 2009, the IIAC entered the overseas airport business by winning an order for a new airport in Arbil, Iraq. In just nine years, the company achieved a remarkable success in winning large-scale airport operation projects worth over US$ 100 million, beating advanced overseas airports.

"We will build a second and third Incheon International Airport on the global stage by continuing to expand overseas business in Saudi Arabia, the Philippines and Indonesia among others with Kuwait as a bridgehead," said Chung Il-young, president of the IIAC