Fraport AG Wins Management Contract for Cairo Airport in Egypt

FRA/rap> Fraport AG Frankfurt Airport Services Worldwide has won the international bid for a contract to manage Cairo Airport in Egypt. Fraport received the maximum evaluation points in its bidding process for the Cairo contract as well as for a simultaneous bid for managing five Egyptian regional airports. Under the bidding rules, a company may only be awarded one of the two projects. From the outset, Fraport had indicated its preference for managing the Egyptian capital's international gateway. Fraport's management contract will run for eight years. Under the terms of the contract, Fraport is not required to invest in the either the Egyptian airport company or Cairo's airport infrastructure.

"Having won against renowned competitors from France and Spain is a tremendous achievement for us," said Fraport's executive board chairman Dr. Wilhelm Bender. "In Cairo, our team of experts will be successfully implementing Fraport's world-famous know-how gained from decades of managing Europe's leading air transport hub," Bender emphasized.