The Civil Aviation Authority (CAA) is accelerating the outsourcing process of Islamabad International Airport, with Turkey expressing interest in the plan. Investors from various countries and local groups have also shown interest in outsourcing Pakistan’s three major airports. The government is actively engaging with interested parties to facilitate the privatisation process.
ISLAMABAD: The Civil Aviation Authority (CAA) has expedited the process for outsourcing of Islamabad International Airport, ARY News reported.
Civil Aviation Authority (CAA) Director General Khaqan Murtaza chaired a meeting to review the process of outsourcing of country’s three major airports.
During the meeting, DG CAA was briefed on progress made so far on outsourcing process.
Turkey has shown interest in outsourcing plan for Islamabad airport, the meeting told. The CAA team will brief the Turkish team regarding outsourcing of airport tomorrow.
Investors from Germany, France, Netherlands, Qatar, United Arab Emirates, Malaysia, and Turkiye as well as local groups have shown their interest in outsourcing of three airports of Pakistan, it emerged earlier.
The federal government had earlier decided to outsource the country’s major three airports including Karachi, Lahore, and Islamabad. The International Finance Corporation (IFC) briefed the meeting about updates on the matter.
Khawaja Muhammad Asif directed to convene an online meeting with Pakistani ambassadors in these countries and to ask them for actively engaging with interested groups.
He also suggested linking local investors with international investors so that awareness of local investors can be increased and they can participate in the bidding process.
Privatisation Commission Secretary Usman Akhtar Bajwa informed the minister about the marketing plan and initial engagements with international investors.
The federal minister directed to visit these countries to establish active links with potential investors and bring groups interested in privatisation to Pakistan.
Recently, there has been growing interest in operating Islamabad airport, one of the key transportation hubs in the country. This development has sparked discussions about the potential implications for the aviation industry and the broader economy. With a strategic location and increasing air traffic, Islamabad airport has become an important gateway for both domestic and international travelers.
The expressed interest in operating the airport comes at a crucial time when the aviation sector is seeking innovative solutions to overcome the challenges posed by the global pandemic. It signals a potential shift in the management and operations of the airport, which could lead to improved services, infrastructure upgrades, and enhanced efficiency.
By attracting new stakeholders and expertise, the airport’s management could benefit from fresh perspectives and resources, ultimately contributing to its evolution as a modern and competitive facility. This could, in turn, stimulate economic growth by boosting tourism, trade, and related industries.
As discussions progress and potential partnerships are explored, the country and its citizens eagerly anticipate the positive outcomes that a well-managed and efficient Islamabad airport could bring. The interest in running the airport reflects a commitment to enhancing the nation’s connectivity and fostering a dynamic and progressive aviation sector.
In conclusion, the interest in operating Islamabad airport represents a significant opportunity for the country to elevate its aviation infrastructure and services. As the dialogue continues and plans unfold, it is essential to consider the potential benefits and the broader impact on the country’s development and prosperity.
Source: ARY NEWS
Islamabad airport outsourcing process expedited, with Turkey expressing interest. Investors from various countries, including Germany, France, and the UAE, are also keen. The government aims to outsource major airports, with the International Finance Corporation providing updates. Efforts to engage Pakistani ambassadors and link local and international investors are underway. The Privatisation Commission is working on a marketing plan and engaging with potential investors. The federal minister has directed visits to countries to establish active links with investors and bring interested groups to Pakistan.
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