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"Fraport Wins Cairo Airport Management Contract"
Monday, December 20, 2004
Germany's Fraport Wins Management Contract
The Associated Press
The company that runs the Frankfurt airport, continental Europe's busiest,
has won the contract to manage the Cairo airport, the company said Monday.
Fraport AG won the bid to run the airport in Egypt for eight years, the
company said. Under the terms of the contract, Fraport is not required to
invest in either the Egyptian airport or Cairo's airport infrastructure.
"Having won against renowned competitors from France and Spain is a
tremendous achievement for us," said Fraport's executive board chairman
Wilhelm Bender. "In Cairo, our team of experts will be successfully
implementing Fraport's world-famous know-how gained from decades of managing
Europe's leading air transport hub."
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