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December 23, 2014

Pakistan to invest $9.6m to replace old radars

Pakistan's Civil Aviation Authority (CAA) will invest nearly $9.6m to purchase a new radar system from INDRA, a Spanish company, to upgrade its air safety and navigation system.

Airspace

Pakistan’s Civil Aviation Authority (CAA) will invest nearly $9.6m to purchase a new radar system from Indra, a Spanish company, to upgrade its air safety and navigation system.

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The first phase includes the replacement of radars at the Jinnah International Airport, Karachi, and the Allama Iqbal International Airport, Lahore. Radars at other airports across the country will be changed at a later date.

The agreement was signed between CAA deputy director general air vice-marshal Khawar Hussain and vice-president of INDRA, Farancisco Navarro.

"The first phase includes the replacement of radars at the Jinnah International Airport, Karachi, and the Allama Iqbal International Airport, Lahore."

New radars will be installed in the next 18 months and will replace older versions.

The Dawn quoted Hussain as saying that Pakistani airspace will see an increase in the number of aircraft as a result of the upgrade programme.

This will help accommodate more planes at one time in the airspace, Hussain added.

Hussain also said that the CAA will be able to provide additional navigational facilities, which will increase the authority’s revenue.


Image: The new radars will replace older versions at Pakistan airports. Photo: courtesy of Time Beach / freedigitalphotos.net.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
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