Sunday, August 25, 2024 GMR, renowned for managing Delhi International Airport, Hyderabad International Airport, and Manohar International Airport in Goa, is making significant strides in its global expansion efforts. The company has submitted a bid for Terminal 2 at Kuwait Airport, reflecting its growing international ambitions. Additionally, GMR has expressed interest in the Abha Airport project in Saudi Arabia, further signaling its commitment to expanding its footprint beyond Indian borders.
GMR’s international ventures began in 2014 with a joint venture acquisition of Mactan-Cebu International Airport in the Philippines. This was followed by the acquisition of Kualanamu International Airport in Medan, Indonesia, through another joint venture. The company’s ongoing global expansion includes a greenfield international airport project in Bhogapuram, Vizianagaram, Andhra Pradesh, scheduled to open in March 2026.
GMR is also working on an airport development project in Crete, Greece, where it won the bid to design, build, operate, and maintain the new facility. The push for international expansion comes amid India’s plans to increase public-private partnerships in airport development. The last major privatization occurred in 2018, with the Adani Group securing the operation of six airports, now the largest airport operator in India.
In FY24, GMR’s operational airports saw a 20% increase in passenger traffic, reaching 120.8 million. Air traffic movements rose by 12% to.