Fraport AG Frankfurt Airport Services Worldwide has won the international bid for a contract to manage Cairo Airport in Egypt…
Fraport AG Frankfurt Airport Services Worldwide has won the international bid for a contract to manage Cairo Airport in Egypt. Fraport received the maximum evaluation points in its bidding process for the Cairo contract as well as for a simultaneous bid for managing five Egyptian regional airports. Under the bidding rules, a company may only be awarded one of the two projects. From the outset, Fraport had indicated its preference for managing the Egyptian capital`s international gateway. Fraport`s management contract will run for eight years. Under the terms of the contract, Fraport is not required to invest in the either the Egyptian airport company or Cairo`s airport infrastructure.
Having won against renowned competitors from France and Spain is a tremendous achievement for us, said Fraport`s executive board chairman Dr. Wilhelm Bender. In Cairo, our team of experts will be successfully implementing Fraport`s world-famous know-how gained from decades of managing Europe`s leading air transport hub, Bender emphasized.
Theodore is the Co-Founder and Managing Editor of TravelDailyNews Media Network; his responsibilities include business development and planning for TravelDailyNews long-term opportunities.