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Singapore's Changi Airports International is keen on a stake in Abu Dhabi's international airport and is also eyeing two smaller terminals in China for takeover, its chief told Reuters today.
Changi Airports clinched an 18-month contract to operate the Abu Dhabi government-owned airport in December, and is angling to turn this into equity as authorities have said the airport was likely to be privatised by next year.
"We've made it known to the Abu Dhabi authorities that we would like to be considered. They will hopefully take into account our relationship for the past year," Changi Airports Chief Executive Chow Kok Fong said in an interview.
Chow said financial terms of such a stake are not yet available, but added: "There's no reason why we won't want to take up as much as possible."
Globally, airports such as Germany's Fraport , Amsterdam's Schiphol Group and South Korea's Incheon International are also seeking stakes in airports in emerging markets like India, the Middle East, and China to capture their rapid growth.
- REUTERS
