Egypt says Saudi Arabia, Kuwait vying to invest in two airports in Cairo

Egypt’s Ministry of Aviation said on Monday that it received investment offers from Saudi Arabia and Kuwait to compete for cargo village projects at Cairo International Airport and Sphinx International Airport, west of Cairo.

Egypt seeks to establish cargo village and logistical areas at both airports on the Cairo-Alexandria desert road, Egyptian Minister of Aviation Mohamed Manar said in a statement.

Manar added that the ministry has coordinated with the Egyptian investment authority (GAFI) to receive investment offers to implement these projects.
For the Sphinx International Airport, the minister said it is being expanded with the aim of receiving 900 passengers per hour instead of 300  to accommodate the expected growth in passenger traffic with the opening of the new Egyptian Museum.
The project of linking Building 2 at the Cairo Airport to the multi-purpose garage is being carried out at a cost of 170 million Egyptian pounds ($10.8 million). The project will be completed and become operational by next June.
The project includes a 310-metre-long electric walker, a 60-metre bridge, and a 1,200-metre parking lot and commercial area.

Thirty-five percent of the project has already been implemented.