Iraq awards investment contract to CAAP-led group to develop Baghdad airport

Reuters

10/29

CAIRO, Oct 28 (Reuters) - Iraq has awarded an investment contract to develop and operate Baghdad's international airport to a consortium led by Corporacion America Airports CAAP.N, the Iraqi prime minister's office said on Tuesday.

The consortium is expected to spend $764 million on the airport's development, the statement said.

(Reporting by Ahmed Rasheed, Menna Alaa El-Din and Muhammad Al Gebaly; Editing by Emelia Sithole-Matarise)

((Menna.AlaaElDin@thomsonreuters.com;))

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