Oman Airports leases land for aircraft repair workshop
MUSCAT, 29 days ago
Oman Airports company has signed an agreement to lease an investment plot of land for establishing a workshop specialised in aircraft tire-and-brake repair.
The investment plot forms part of the 2nd phase of the Air Cargo Gateway of the logistics zone at Muscat International Airport.
The agreement was signed by Ahmed Al Amri, CEO of Oman Airports and Hussein Al Haddad, CEO of EPIC, the company undertaking the project.
The project, to be established on an area of 7,274 square metres, has an investment cost of RO5 million ($13 million).
Mach Aerospace International will provide inspection, repair and restoration services for wheels and brakes of Airbus 320 and Boeing 787 aircraft in accordance with the highest technical and operational standards approved in this field.
The project will contribute to enhancing the efficiency and safety of operational services at the airport.
Al Amri said that the agreement marks the start of investment in lands on the area surrounding Muscat International Airport. The company announced investment in the area as part of its drive to explore opportunities for development and investment within the Muscat International Airport area.
Al Amri said in a statement to the Oman News Agency (ONA) that Oman Airports has developed an integrated master plan to maximise benefits from lands within the boundaries of Muscat International Airport in a manner that realises the development of quality projects that keep pace with the future vision for the area.
He added that Oman Airports seeks to enhance the airport's commercial aspects by expanding its facilities of hospitality, entertainment and interactive experiences.
This approach, he explained, will raise the investment value of the lands, increase returns from direct and joint projects and contribute to maximising the income generated by investments in the real estate development sector.
Al Amri pointed out that the agreement fits with the comprehensive strategy implemented by Oman Airports to convert airport cities into active economic and logistic platforms that support economic diversification and consolidate the Sultanate of Oman's position as an integrated regional hub for the aviation sector and support services.
