South Korean company Incheon International Airport Corp (IIAC) has announced the official opening of the new Terminal 4 (T4) at Kuwait International Airport.

The Government of Kuwait owns the airport, which welcomed approximately 12 million passengers in 2017.

Through a bidding process in April, IIAC was awarded the contract to operate the new Terminal 4, reported The Korea Herald.

Designed by the Spanish branch of the American company AECOM, the building was constructed by a joint venture (JV) Cengiz Insaat & First Kuwaiti Contractor.

The new terminal covers 55,000m² and is capable of managing 4.5 million annual passengers through its 14 gates.

It also features five bus gates and nine boarding bridges gates, with a capacity to accommodate eight aircraft simultaneously.

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“The new terminal covers 55,000m² and is capable of managing 4.5 million annual passengers through its 14 gates.”

The terminal was built with an investment of $127.6m. It has been designed to alleviate the passengers’ traffic away from other terminals that have been operating beyond capacity for years.

In addition, the terminal building offers parking facility that can accommodate approximately 2,450 cars.

IIAC president Chung Il-young told the publication: “We will see to it that the terminal of Kuwait International Airport is operated without a hitch and will continue to expand our overseas operation to other regions of the Middle East, Eastern Europe, South East Asia, and Central Asia.”

Alongside creating around 2,000 jobs, the facility is estimated to generate up to $60m (KWD18.1m) in revenue per annum. It will also help strengthen Kuwait’s strategy to transform the country into a regional financial and tourism hub.

Terminal 2 is under construction and expected to become operational by 2020. The facility will involve an investment of $4.3bn with a capacity to handle 25 million travellers per annum.