Vinci Airports has signed a memorandum of understanding (MoU) that aims to expand, renovate and operate the Mashhad and Isfahan international airports in Iran in 2016.
During a state visit to France, Islamic Republic of Iran President Hassan Rouhani, the Iranian Ministry of Roads and Urban Development, the Iran Airports Company and Vinci Airports signed the MOU .
Mashhad is Iran's second largest airport, while Isfahan is the fifth largest airport.
Mashhad International Airport, situated at the northeastern part of the country, handled around 8.2 million passengers in 2014, while the Isfahan International Airport saw 2.6 million passengers in the same year.
The MOU is a step taken by the Vinci Airport as a part of its international expansion strategy, particularly in the airport sector.
The tourist visits to Iran have increased by more than 35% in 2014 and with the recent lifting of international sanctions, the airport activity possesses major economic potential in Iran.
Iran lends itself to air transport owing to its large population and territory.
Meanwhile, Aéroports de Paris (ADP), Bouygues Bâtiment International and the Iranian authorities have secured a MoU for the development of the Iman Khomeini International Airport in Tehran, reported Airport World.
The scope of the deal includes renovation of the existing terminal as well as the construction, design and operation of new terminals in order to increase the annual passenger handling capacity from 6.5 million to 34 million by 2020.
Image: Isfahan International Airport saw 2.6 million passengers in 2014. Photo: Courtesy of Isfahan airport site/Wikipedia.