The development and operational expertise of Incheon International Airport, which opened in 2001, has been exported to Central Asia. Incheon International Airport Corporation announced on the 16th that it has signed an operational service contract with 'Vision Invest,' a Saudi infrastructure investment company that won the development project for the new Tashkent Airport in Uzbekistan. This project, with a total investment of KRW 4.7 trillion, will be developed into a representative airport in Central Asia, capable of handling 54 million passengers annually upon completion.

Incheon Airport Corporation will provide consulting across the board, including airport construction and operation, passenger services, information technology (IT), and facility maintenance, securing approximately USD 25.4 million (about KRW 34.8 billion) in revenue over the next five years. Plans to expand the business in the medium to long term include equity investment and the establishment of an operating subsidiary.

On the same day, the corporation also signed a development and operation agreement with Uzbekistan Airports for Urgench Airport. Located near the World Heritage Site of Khiva, Urgench Airport will have a passenger terminal capable of accommodating 3 million people annually, which will be constructed over three years and subsequently operated by Incheon Airport Corporation for 19 years. Lee Hak-jae, President of Incheon International Airport Corporation, stated, “This will serve as a catalyst for the global expansion of our world-class airport development and operational capabilities,” adding, “We plan to use Central Asia as a bridgehead to expand our business into the Middle East and beyond.”

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