TAV Investment Holdings

Jun 15, 2006
Author: Press Release

Dubai, UAE, 3 May, 2006: A rapidly expanding Turkish airport group valued at .5 billion is planning to consolidate its presence in the Gulf region by opening a new office in Abu Dhabi.

TAV Airports Holding, which also recently announced plans for stock market flotation in the third quarter of this year, plans to build on a period of rapid growth by taking part for the second time in the Airport Build & Supply Exhibition in Dubai, the only dedicated trade show for airport construction, operations, technologies and services in the region.

The firm carries out airport operation activities, airport construction and various other construction projects with qualified employees from different disciplines, and is one of the few companies in the world that can accomplish both construction projects and operations activities.

TAV Executive Board Chairman Sani Sener said: “With huge increases in commercial air traffic predicted, Middle East governments are beginning to allocate billions of dollars for infrastructure development.

“By opening a new office in the UAE, and by having a presence at the Airport Build & Supply Exhibition, we will be in a better position to capitalise on more than US$ 40 billion worth of airport developments currently taking place across the Middle Eastern region.”

TAV is behind several large construction projects in the region and is currently building Cairo International Terminal TB3 for 7 million. It recently built seven aircraft hangars for Emirates Airlines to house and maintain the new Airbus 380 planes.

The firm constructed Istanbul Atatürk Airport’s new international terminal and multi-storey car park in a record period of 22.5 months – making it the fastest built terminal in history. Last June they won the right to operate Istanbul airport’s domestic and international terminals for 15.5 years for billion.

Taking place from June 5 – 7, 2006 at Airport Expo Dubai, the Airport Build & Supply Exhibition is an unmissable event for airport and aviation suppliers eager to profit from the current phenomenal growth in the Middle East’s aviation industry.

The event is held under the patronage of H.H. Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Department of Civil Aviation and chairman of Emirates Group. It also enjoys the support of industry leaders including Netherlands Airport Technology Group (NAT); German Airport Technology and Equipment (GATE); British Airports Group (BAG), French Airport Equipment Association (Proavia), the Society of Indian Aerospace Technologies & Industries (SIATI) and British Airport Services and Equipment Association (BASEA).

Organisers Streamline Marketing Group are expecting more than 400 exhibitors - up from 322 in 2005 - and over 4,000 trade visitors. Dedicated pavilions will represent specific countries including Germany, UK, the Netherlands, France, China, Australia and India.

All exhibitors qualify for a private meeting with the Dubai Department of Civil Aviation to discuss Dubai International Airport’s expansion as well as the new US billion Jebel Ali Airport City. They also have pre-arranged meetings with ‘Hosted Buyers’ representing civil aviation authorities in the Middle East, Africa and South Asia.

The event attracts a targeted audience of regional Civil Aviation departments, government officials, VIPs and consultants and contractors behind many of the region’s airport development projects. At last year’s show 40 regional Civil Aviation authorities were represented.