A rapidly-expanding Turkish airport group valued at $1.5 billion is planning to consolidate its presence in the Gulf region by opening a new office in Abu Dhabi.
TAV Airports Holding, which also recently announced plans for stock market flotation in the third quarter of this year, plans to build on a period of rapid growth by taking part for the second time in the Airport Build and Supply Exhibition in Dubai, the only dedicated trade show for airport construction, operations, technologies and services in the region.
The firm carries out airport operation activities, airport construction and various other construction projects with qualified employees from different disciplines, and is one of the few companies in the world that can accomplish both construction projects and operations activities.
TAV executive board chairman Sani Sener said: “With huge increases in commercial air traffic predicted, Middle East governments are beginning to allocate billions of dollars for infrastructure development.
“By opening a new office in the UAE, and by having a presence at the Airport Build and Supply Exhibition, we will be in a better position to capitalise on more than $40 billion worth of airport developments currently taking place across the Middle Eastern region.”
TAV is behind several large construction projects in the region and is currently building Cairo International Terminal TB3 for $347 million. It recently built seven aircraft hangars for Emirates Airlines to house and maintain the new Airbus 380 planes.
The firm constructed Istanbul Atatürk Airport’s new international terminal and multi-storey car-park in a record period of 22.5 months – making it what is claimed to be the fastest built terminal in history. Last June the company won the right to operate Istanbul airport’s domestic and international terminals for 15.5 years for $3 billion.
Taking place from June 5 to 7 at the Airport Expo Dubai, the Airport Build and Supply Exhibition is an important event for airport and aviation suppliers eager to profit from the current phenomenal growth in the Middle East’s aviation industry, says a TAV spokesman.
