Budapest Airport woos Saudi investors, announces runway renovation

City

Representatives of Budapest Airport, operator of Liszt Ferenc International Airport, met with Saudi investors in Riyadh as part of Prime Minister Viktor Orbán and local businessmen’s visit to that city this week. Budapest Airport property director Rene Droese met with delegations from Saudi Arabia, Qatar and the United Arab Emirates to present details of its planned €20 million airport hotel project and Cargo City projects.

 The latter seeks to employ the now mostly-unused Terminal 1 at the airport; originally planned for completion earlier in this decade, the project was put on hold in March 2010 after now-defunct national airline Malev went into bankruptcy.  

Said managing director Jost Lammers: “Budapest Airport places great emphasis on maximizing the business opportunities resulting from the government’s opening to the east policy. Similarly to past prime ministerial visits to India and China, the recent trip to Saudi Arabia offered several opportunities to present the potential in Hungarian investment and tourism development.”

Currently, runway no. 2 at Liszt Ferenc International Airport is undergoing a HUF 620 million renovation, Budapest Airport representatives reported today. The renovation will affect the runway’s concrete, lighting and instrument landing system, and is expected to be complete “ahead of the peak summer season.”

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