The project is a long-term investment and development agreement for Aleppo International Airport between the Syrian General Authority of Civil Aviation and Air Transport and a Saudi investment consortium led by the BinDawood Group through its Elaf Investment Fund. The aim is to rehabilitate the existing airport and construct a new international airport with a capacity of up to 12 million passengers annually, to be implemented in phases. This project is part of a broader Saudi investment package in Syria encompassing aviation, telecommunications, and infrastructure, totaling approximately $2 billion.
The Saudi “Elaf” Investment Fund is the main investor in the project to develop and operate Aleppo International Airport, and the project is presented as the fund’s first investment in Syria.
- Phase One – Development of the Existing Airport
- Upgrading and modernizing the existing stands and improving their facilities
- Upgrading passenger lounges and service facilities to improve the passenger experience and air traffic safety.
- This phase aims to raise the current operational level during the transition period to the new airport.
- For the second phase – construction of a new airport with a capacity of 6 million passengers/year:
- Building a completely new international airport according to modern standards
- The targeted capacity at this stage is approximately 6 million passengers annually.
- Phase three – expansion to 12 million passengers/year :
- The new airport and its facilities will be expanded to increase capacity to 12 million passengers annually, with a "flexible plan for future expansion" depending on demand growth.