Qatar Airways has taken a 60% stake in Rwanda’s Bugesera International Airport under construction, valued at $1.3 bn.
The Government of Rwanda and Qatar Airways concluded an investment partnership for Rwanda’s new international airport Monday.
The partnership features three agreements to build, own, and operate the state-of-the-art facility.
Qatar Airways has agreed to take a 60% stake in the project, which as a whole is valued at around $1.3 billion.
The new airport is being redesigned to accommodate seven million passengers per year, with a second phase for 14 million passengers a year expected to start by 2032.
The agreements signed today mark a key milestone in the development of Rwanda’s vibrant aviation sector, in the context of the excellent bilateral relationship between Qatar and Rwanda.