Bin Laden group wins Egypt, Yemen airport projects

Published March 21st, 2005 - 05:59 GMT

The Saudi Binladen Group has won the contracts to implement two airport projects in Egypt and Yemen financed by the World Bank, Al-Eqtisadiah business daily reported Sunday. The group, whose chairman is Bakr Binladen, will construct a new passenger lounge for the airport in the Egyptian resort of Sharm El-Sheikh. In addition to the 44,000-sq.m. lounge, the project includes an air traffic observation building and other related facilities.


Egypt’s Minister of International Cooperation Fayza Abul Naga said the World Bank has approved loans worth $335 million to finance the development projects for Cairo and Sharm El-Sheikh airports.


Binladen has already completed the renovation of Aden International Airport in Yemen, Al-Eqtisadiah said, adding that World Bank financed the project.


The group has vast experience in airport infrastructure projects. In addition to Sharm El-Sheikh airport, it has also won the contract to implement the Sharjah International Airport project, the daily concluded.

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