Cairo Airport celebrates fifth anniversary
The Marsa Alam International Airport in Cairo, Egypt, which serves over 1.6 million international travelers, celebrated its fifth year anniversary last month.
The government of Egypt, transferred the development and operation of an international gateway airport at Marsa Alam to a public-private participation model of infrastructure development and service provision to the Kharafi Group led by Nasser Al-Kharafi, five years ago.
James Pringle, chief executive director for the group’s Marsa Alam Area Developments, said that “the Kharafi Group investment at the airport is reaching US$90 million if you add what is under programme expenditure for the airport expansion programme that is currently under way.”
“If you add the utility infrastructure investments that we have for the airport and Port Ghalib, the international destination resort community that we are developing adjacent to the airport with Sun International, our investments climb to over $175 million in just infrastructure.
None of this investment has been drawn from the national treasury of Egypt, it has all come from the Kharafi Group.”
Pringle noted that as it hit its fifth anniversary, the airport served over one million passengers and foreign visitors to the new Marsa Alam tourism area.
"That is a very strong statement of success of this airport,” he added.