Antalya Airport A joint Turkish-German-French investment in the tourism destination on the Mediterranean

With a 25-year lease contract and a direct investment of more than 765 million euros, the TAV alliance with Fraport won a tender to expand.

At the beginning of this December, the consortium consisting of the Turkish-French company "TAV" for airport management and construction and the German company "Fraport AG" won the tender to lease Antalya Airport for 25 years, after they submitted the highest bid of 7 billion and 250 million euros in Bidding.

And on his official account on Twitter, the Turkish Minister of Transport and Infrastructure, Adel Kara Ismailoglu, tweeted that the tender also includes increasing the airport’s capacity and expanding it through an investment of more than 765 million euros during the first three years. The minister indicated that 25% of the rental rights, which amount to about 2.13 billion euros, will be paid in advance, assuming that the total rent plus value-added tax will reach 8.55 billion euros.

According to the statement issued by the company, the joint venture will increase the airport's capacity to 80 million passengers annually. "Through this agreement, we will start investing as soon as possible to increase the airport's capacity," said Sunny Shiner, Chairman of the Executive Board of TAV Airports. We reaffirm our intention to invest in Turkey and our belief in the future of Turkish aviation."

Investment of more than 765 million euros

During the first three years of the 25-year lease term, from January 2027 to December 2051, the consortium of Turkish-French TAV and Germany's Fraport AG will invest a total of €765 million to increase capacity The airport will reach 80 million passengers annually, nearly 600 million euros of which will be in the first phase of the project.

Within the scope of the investment, Terminal 2 serving international lines will be expanded and renovated with an area of ​​82 thousand square meters and converted into a new building with an area of ​​190,000 square meters. At the same time, the capacity of the local plant of 37,000 square meters will double to 78,000 square meters. A new international terminal covering an area of ​​70,000 square meters will be opened by 2040.

By adding nearly 1 million square meters of the tarmac area (the airport yard), the number of aircraft stands will increase from 106 to 181, and the number of bridges at stations will increase from 20 to 38. A special area for helicopters will also be installed above the parking garage, accommodating 8 helicopters, in addition to a new control tower, a VIP station, and new administrative and technical buildings.

Antalya Airport: the largest tourist attraction in the region

In his speech after the tender, Director General of the General Directorate of State Airports Authority (DHMI), Huseyin Keskin, said, "They have realized the greatest projects in the history of the republic with the inspiration and strength they got from President Recep Tayyip Erdogan's unique vision and correct policies of the Ministry of Transport and Infrastructure."

Keskin added, "Companies from Malaysia, Russia, France, Germany and Turkey bought the tender file. This is an indication of confidence in the country's economy and its growth."

Keskin explained that Antalya Airport will enter 25 years with a renewed face to meet the growing needs, and pointed out that the airport will become the largest tourist attraction in the region.

Keskin thanked the company's officials who participated in the tender, which was held in a transparent, open and competitive manner, and hoped that the result of the tender would enable investments that would make Antalya a global brand with its history and culture, as well as its unique and distinctive geographical characteristics.

It should be noted that Antalya Airport, which entered service in 1960, received nearly 36 million passengers in 2019 through its domestic and international terminals and two parallel runways with a total area of ​​178,000 square meters.

Turkish Taff

The history of the establishment of TAV Holding Company, which is a Turkish success story in the domestic and international aviation industry, dates back to 1997, after it was entrusted with the development and operation of Ataturk Airport in Istanbul. Within a few years, TAV became one of the largest airport operators in the world, serving 1 million flights and 152 million passengers in 2018.

Since its inception, TAV has developed as a global brand in airport management operations, thanks to its expertise in the construction and management of airports and its recruitment of highly skilled human resources and advanced technology. Today, it is the leading airport operator in Turkey and 8 Arab and international countries, and provides services related to duty free, food and beverage, ground logistics, as well as information technology services, security services and commercial zone management.

After the company underwent a restructuring process in 2006 in line with its expansion goals, the company reorganized its activities in the fields of operation and construction, so TAV Airports specialized in airport operations, while TAV Construction focused on building and construction activities. Following this reorganization, TAV Airports was submitted for an initial public offering in February 2007 on the Istanbul Stock Exchange. In May 2012, the French company (Groupe ADP) became the largest shareholder in "TAV Airports" after acquiring the largest percentage of the total shares of the company, which today amounts to about 46.1%.