Iraq selects Corporacion América Airports consortium to operate and modernise Baghdad International Airport

Corporación América Airports S.A., one of the world’s leading private airport operators, has announced that a consortium formed with Amwaj International for Real-Estate Investments Co. Ltd. has signed an award agreement with the Government of Iraq to operate Baghdad International Airport (BGW). The agreement follows an international tender process supervised by the International Finance Corporation (IFC), a member of the World Bank Group.

Under the award agreement, the parties have 90 days, extendable by mutual consent, to negotiate and finalise a Public-Private Partnership (PPP) Agreement. Iraq’s Ministry of Transport confirmed that the consortium submitted the most competitive financial, commercial, and technical proposal.

Martin Eurnekian, CEO of Corporación América Airports, said: “We are honoured to have been selected to contribute to Baghdad’s airport modernisation efforts. Together with our partner Amwaj International, we are committed to developing world-class airport infrastructure that will enhance connectivity, promote economic growth, and create opportunities for local communities. We look forward to working closely with the Government of Iraq and our partners to deliver a world-class airport that supports the country’s long-term growth.”

Namir Al-Ekabi, Chairman of Amwaj International, added: “This milestone marks a proud moment for Iraq and a testament to the strength of our private sector. Signing this award agreement alongside our partner, Corporación América Airports, demonstrates Iraq’s growing capability and readiness to operate at world-class standards. Amwaj International remains committed to investing in the future of our country by developing infrastructure that reflects the spirit, resilience, and ambition of the Iraqi people. Baghdad International Airport will become a gateway that connects Iraq to the world and stands as a symbol of progress, excellence, and national pride.”

Corporación América Airports currently operates 52 airports across six countries in Latin America and Europe, including Argentina, Brazil, Uruguay, Ecuador, Armenia, and Italy. In 2024, the company served 79 million passengers, a 2.7 per cent decrease from 2023, and 6.2 per cent below 2019 levels. The company is listed on the New York Stock Exchange under the ticker “CAAP”. More information can be found at investors.corporacionamericaairports.com.

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