South Korea Airports Tenders

South Korea's airport market is one of the most dynamic and rapidly growing in the world. In 2022, the market was valued at over USD 20 billion and is expected to reach USD 30 billion by 2027. This growth is driven by a number of factors, including the increasing popularity of air travel, the government's investment in infrastructure, and the growing strength of the Korean economy.

The South Korean government plays a significant role in the airport market through its procurement activities. In 2022, the government spent over USD 5 billion on airport-related projects, including construction, maintenance, and technology upgrades. This spending is expected to continue to grow in the coming years.

The main airport products and services that are procured by the South Korean government include:
Construction: This includes the construction of new terminals, runways, and other airport facilities.
Maintenance: This includes the maintenance of existing airport infrastructure.
Technology upgrades: This includes the installation of new technology, such as self-service kiosks and baggage handling systems.

Ministry of Land, Infrastructure and Transport (MOLIT): MOLIT is responsible for the overall development of the country's transportation infrastructure, including airports.
Korea Airports Corporation (KAC): KAC is a state-owned enterprise that operates and manages most of the airports in South Korea.
Incheon International Airport Corporation (IIAC): IIAC is a private company that operates Incheon International Airport, the busiest airport in South Korea.

The top winners of South Korea airport procurement contracts in recent years include:
Samsung C&T Corporation
Hyundai Engineering & Construction Co., Ltd.
SK Engineering & Construction Co., Ltd.
Lotte Engineering & Construction Co., Ltd.
GS E&C Corporation

Tags -
South Korea airport tenders, aircraft tenders, South Korea helicopter tenders, airport engineering tenders, South Korea air transport tenders, international airport tenders, South Korea airport terminal tenders, taxiway tenders, South Korea airport maintenance tenders, South Korea airport software tenders, airport runway tenders