Terminals Holding to Manage Malabo International Airport as Equatorial Guinea Pursues Infrastructure Privatization
Equatorial Guinea’s process of privatizing key state infrastructures continues to make progress following the signing of an agreement with the Emirati firm, Terminals Holdings, for the management of the new terminal at Malabo International Airport.
The latest development follows the recent bidding exercise for the management of ports in Bata and Malabo, reflecting the nation’s commitment to economic diversification and development. Note that twelve international companies, including Terminals Holding and Ethiopian Airlines, expressed interest in the tender for managing the airport.
Equatorial Guinea’s Development Plan
Equatorial Guinea is strategically pursuing its Horizon 2035 development plan, which emphasizes economic diversification and the profitability of state infrastructures, particularly national ports and airports. The nation’s leadership aims to attract businesses, investors, and tourists through strategic projects that enhance the country’s economic growth.
Expansion of Privatization
The trend of privatization extends beyond the airport sector. Albayrak Holding, a Turkish company, recently secured the management tender for ports in Malabo and Bata. This agreement demonstrates Equatorial Guinea’s commitment to collaboration and operation with multinational companies, aiming to generate revenue from these strategic locations.
Vice President’s Perspective
Nguema Obiang Mangue, the Vice President of Equatorial Guinea, highlighted the country’s profitable prospects, including its geographical location and attractive plans for business and tourism development. He welcomed the Emirati businessman, Mohamed Alkhy, for investing in airport management, showcasing the strong relations between Equatorial Guinea’s leadership and the United Arab Emirates.
Terminals Holding’s Expertise
Terminals Holding, headquartered in Abu Dhabi, UAE, is a prominent provider of aviation solutions, specializing in emerging markets in Asia and Africa. The firm offers integrated solutions and sustainable strategies within the aviation sector, contributing to economic development and value creation for stakeholders.
Emirati Businessman’s Commitment
Mohamed Alkhy, representing Terminals Holding, expressed his intention to leverage Equatorial Guinea’s favourable geographical position and promotional efforts to attract new investors across various sectors. The businessman aims to contribute to the nation’s growth and enhance its image on the global stage.
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