A consortium of Indian firm GMR Infrastructure and Malaysia Airports Holdings has won a $500m contract to build, modernise and expand Malé International Airport in Maldives.
The GMR consortium will now operate the airport for a concession period of 25 years, which also includes a seaplane port.
The consortium will build a new terminal with 12 aircraft bays, which will have the capacity to handle five million passengers annually.
The project is expected to be complete in 2014.
The consortium of France's Aeroport De Paris and Turkey's TAV, and the Zurich Airport-GVK consortium also took part in the international bid process.