10 consortiums compete to renovate Baghdad International Airport
The ministry confirmed in a statement that the Request for Proposals (RFP) has been issued, with final bids expected by September 2025, the state-run news agency (INA) reported.
Under a deal reached in September 2023, the International Finance Corporation (IFC), a member of the World Bank Group, would serve as the Iraqi government's principal consultant for the renovation project.
According to the deal, the IFC will serve as the main deal counselor to modernize Iraq's largest international airport and bring its amenities and security up to par with global norms.
The chosen contractor would entirely fund the initiative, with no governmental contributions, through an investment of $400 million to $600 million.
The initiative comprises the development of new passenger terminals with an initial capacity of nine million people per year, which may be expanded to 15 million, as well as the modernization of airfield, safety systems, and internal transportation networks.
The project aligns with Iraq's 2030 Vision for Sustainable Development, which aims to involve the private sector, diversify the economy, and lessen the reliance on oil revenues.
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