Qatar Airways has acquired a 60% stake in a new $1.3 billion Rwanda’s Bugesera airport project. The government of Rwanda and Qatar Airways have announced an investment partnership for Rwanda’s new international airport.
According to a Twitter statement, Rwanda Development Board says the partnership features three agreements; to build, own, and operate the facility.
In this case, Qatar Airways takes 60% stake in Bugesera Airport , which as a whole is valued at $1.3 billion.
The redesigning will enable the airport to handle about 7 million passengers annually. The second phase of expansion is likely to take place in 2032, thus allowing the airport to handle 14 million passengers annually.
RwandAir will benefit from the new facility as it seeks to expand operations in the future. Currrently, RwandAir serves 28 destinations with new routes such as America, Ethiopia, Angola, and Mozambique planned.
Moreover, the new airport will support RwandAir increased fleet size in the future.