Daily Newsletter

07 September 2023

Daily Newsletter

07 September 2023

Pangiam signs MoUs for new Terminal 4 at Cairo International Airport

These agreements are intended to help Pangiam and its partners to come up with a proposal to develop the terminal.

September 07 2023

Trade and travel technology company Pangiam has signed two memorandums of understanding (MoUs) to design and build Cairo International Airport’s (CAI) new Terminal 4 (T4) in Egypt.

Signed with the Cairo Airport Company, these agreements are intended to help Pangiam and its partners craft a proposal for developing a new T4 at CAI.

Besides this, the company will carry out a feasibility study that includes recommendations for using emerging technologies to enhance CAI’s existing infrastructure.

Pangiam CIO Tom Plofchan said: “These agreements represent the beginning of an exciting opportunity to deliver a world-class passenger experience that will help support and grow Egypt’s impressive tourism industry and attract additional foreign direct investment.”

Pangiam and its partners will collaborate with the Cairo Airport Company for six months to conclude this work.

It will be carried out in accordance with the objectives of the Egyptian Civil Aviation Development Plan, which was released earlier this year.

Egyptian Civil Aviation Minister Mohamed Abbas Helmy said: “The signing of the two MoUs is in line with the Ministry’s desire to develop the infrastructure and enhance the efficiency of Cairo International Airport systems, supported in this endeavour by distinguished experts with access to cutting-edge technologies.

“The aim is to enhance the level of services provided to passengers in order to create a better travel experience, particularly given the expected increase in air and tourist traffic in Egypt in the years ahead.”

Investment in the infrastructure and energy & utilities sectors remains a major driver of overall construction growth

Infrastructure and Energy & Utilities sectors expanded in 2020 despite COVID-19 disruptions, which reflected the efforts by governments and public institutions to accelerate investment to stimulate activity. The recovery from the pandemic and the easing of restrictions allowed the resumption of work on major projects in 2021, and growth is set to remain strong in the coming years, particularly given major investment programs in the US and China.

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