Chinese consortium inks deal to take over Tirana airport
China Everbright has announced it has officially reached a deal to take over Albania’s sole international airport for an undisclosed amount
Tirana International Airport is Albania’s most important transport hub, and is one of the fastest growing airports in Europe. (98) Number of passengers increased from 600,000 in 2005 to 2 million in 2015. Keen Dynamics Limited (KDL) will take over Tirana’s airport concession until 2025 (with 2 years extension to 2027, pending for Albanian government’s approval).
China is currently Albania’s third largest trading partner. China supports domestic companies in actively participating in Albania’s economic development while Albania is keen to expand cooperation in agricultural trade and tourism and plans to streamline visa access for Chinese people.
China Everbright Limited (CEL) announced that Keen Dynamics Limited (KDL), its joint venture with Friedmann Pacific Asset Management Limited which focuses on global airport investments, has signed an agreement to acquire Tirana International Airport SHPK , the concessionary developer and operator of the capital airport of Albania.