GMR eyeing projects in Middle-East, North Africa
Leveraging on its recent success in obtaining a contract to expand the Sabiha Gokcen International Airport at Istanbul, India's infrastructure major GMR Group is eyeing projects in the Middle-East and North Africa.
By PTI |
ANKARA: Leveraging on its recent success in obtaining a contract to expand the Sabiha Gokcen International Airport at Istanbul, India's infrastructure major GMR Group is eyeing projects in the Middle-East and North Africa, besides other Europe countries.
"Istanbul airport project has given us a foothold in Europe, and we can now enter into other markets in the continent...we are also looking at investment opportunities in the Middle-East and North Africa", GMR's International Business Division CEO Ranjt Murugason told reporters.
The London-based international business division of GMR, he said, is closing in on 2-3 major projects in the infrastructure sector, which are expected to be finalised shortly.
The focus of the GMR, he added, would continue to be on projects in sectors such as energy, airports and highways, for which it has the requisite expertise.
The group, he added, will also be trying to enter the infrastructure space in the ASEAN (Association of South East Asian Nations) building on its business relationship with the Malaysia Airports Holding Berhad (MAHB).
MAHB has provided various services to the group's new airport project at Hyderabad and will pick up 20 per cent stake in the GMR-led consortium to upgrade the Istanbul airport.
"Istanbul airport project has given us a foothold in Europe, and we can now enter into other markets in the continent...we are also looking at investment opportunities in the Middle-East and North Africa", GMR's International Business Division CEO Ranjt Murugason told reporters.
The London-based international business division of GMR, he said, is closing in on 2-3 major projects in the infrastructure sector, which are expected to be finalised shortly.
The focus of the GMR, he added, would continue to be on projects in sectors such as energy, airports and highways, for which it has the requisite expertise.
The group, he added, will also be trying to enter the infrastructure space in the ASEAN (Association of South East Asian Nations) building on its business relationship with the Malaysia Airports Holding Berhad (MAHB).
MAHB has provided various services to the group's new airport project at Hyderabad and will pick up 20 per cent stake in the GMR-led consortium to upgrade the Istanbul airport.
Start a SIP with as low as ₹500 with ET Money App!
Download
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
The Economic Times News App for Quarterly Results, Latest News in ITR, Business, Share Market, Live Sensex News & More.
ADVERTISEMENT
