MAHB’s joint venture management of Hamad International Airport in Doha, Qatar has been extended by three years, said a report in Nikkei Asian Review.
The contract covers facilities maintenance services, security services, and other services for the airport and ancillary buildings until June 2019.
The joint venture company, Malaysia Airports Consultancy Services Middle East LLC, informed the Exchange that the extension was worth USD45 million (163.9 million Qatari riyals). The MAHB 49 per cent/51 per cent joint venture is with the Watad Group.
“The project is expected to enhance Malaysia Airports’ revenue stream from the consultancy business and diversify future earnings,” said MAHB in a statement.
The 29 sq km Hamad Airport expects to handle 50 million passengers per annum, under development plans, up from the current 30 million passengers. MAHB’s original contract, secured in July 2013, was worth 100.6 million Qatari riyals.
MAHB also runs Istanbul’s Sabiha Gokcen International Airport and the Rajiv Gandhi International Airport in Hyderabad, India.
The company ventured into consultancy services in 1995 when it secured the contracts to manage two small airports in Cambodia.