FAAN woos foreign investors on perishable cargo terminals

The Federal Airport Authority of Nigeria (FAAN) is wooing foreign and local investors to take advantage of the the opportunities available in the fresh cargo terminals under construction across the country.

The Managing Director of FAAN, Engr. Saleh Dunoma, made the call to private investors in a paper he delivered at the 4th Annual Emerging Airports Conference and Exhibition held in Abu Dhabi, capital of United Arab Emirates.

The perishable cargo terminals would be completed in 2015 and Nigeria should begin to benefit from the over N250 billion annual perishable cargo market in Africa.

He called on foreign investors to take advantage of the fertile investment climate and invest in the Nigerian aviation sector.

Dunoma said that “opportunities abound in the aerotropolis project where investors are guaranteed return on their investments” he said.

He invited investors to be part of the aerotropolis and fresh produce market, describing Nigeria’s rating as the 26th economy in the world as a clear indication that the country was taking its rightful place as the giant of Africa.

Official statistics say the investments opportunities in the aviation sector are worth in excess N500 billion.

Meanwhile, the Murtala Muhammed Airport, Ikeja, Lagos, has received an award as the 2014 Best Emerging Airport - African Region, at the 4th Annual Emerging Airports Conference and Exhibition held in Abu Dhabi, United Arab Emirates.

The Managing Director of FAAN, Engr. Saleh Dunoma received the award at the event which took place at the Abu Dhabi National Exhibition Centre, FAAN Spokesman Yakubu Dati said.