Minister of Civil Aviation Hossam Kamal issued an invitation to a tender to implement the ministry’s Airport City project in the investment zone surrounding Cairo International Airport.
The project—which will be constructed on an area of 187,000 sqm and will be operated under the parameters of the usufruct systems for 40 years—will provided for the establishment of logistical and shipping services in addition to: entertainment, medical, trade, and education centres; a tourism resort; and specialised exhibitions. The project is estimated to cost EGP 80bn.
The project is generally aligned with the government’s strategy to promote foreign and domestic investment which it hopes will directly and indirectly create job opportunities, according to Kamal.
When the project is completed, Cairo International Airport will be one of the few airports around the world with an investment zone.
The planned Airport City will place Egypt among 19 other countries that have constructed similar cities. Other major cities and countries that have pursued similar measures include Singapore, Dubai, Malaysia, the United States, the United Kingdom, South Africa, Germany, and China.
The deadline for the submission of technical and financial offers is set for the end of next March, while the contract term for all submitted offers is 40 years.