ShareKUWAIT: United Projects for Aviation Services Company (UPAC), a leading commercial real estate and facilities management company, signed a five-year concession contract with a total contract value of KD 5.352 million, with the Incheon International Airport Corporation (IIAC), for the development operation and management of the parking lot and related facilities at the Kuwait International Airport's Terminal 4 (T4).
Earlier in April, the IIAC won the bid to operate, manage, maintain and develop T4 at Kuwait International Airport through 2023 under the Operation and Management agreement executed with the Directorate General of Civil Aviation (DGCA). T4 is the dedicated terminal for Kuwait Airways.
Under the terms of the contract, UPAC will manage the T4 parking lot and related facilities including security, cash collection, and maintenance. The parking lot holds a total capacity of 2,457 parking spaces (657 in the long-term parking and 1,800 in the short-term parking),all of which are shaded and spacious, and a short walk to the satellite building where passengers easily cross the departure bridge connected directly to the terminal.
The parking lots will utilize state-of-the-art parking equipment that UPAC will install and manage. These will include technologies such as license plate recognition technology, and automated entry and exit lanes. In addition, UPAC will install Auto Pay Stations for swift and convenient customer payment, further facilitating customers' entrance and exit to the T4 terminal. Additional services that will be offered at T4 include valet parking, taxi and limousine services.
Commenting on this occasion, UPAC Chief Executive Officer Nadia Akil said, "Operating the parking facilities of the new T4 is another milestone for the company. T4 is an important new gateway to Kuwait, and we are proud to be part of it. I would also like to take this opportunity to thank the IIAC and the DGCA for their trust; we look forward to working with them at T4. We aim to continue providing the highest standards of services for our customers at the new terminal."
With the addition of T4, UPAC is now operating four major projects in Kuwait, with the three current projects running optimally, and looks forward to increasing its portfolio both locally and in the region. UPAC currently manages the operations of Kuwait International Airport's main Terminal 1 parking and related facilities, including the airport mall, in addition to the management of real estate and parking facilities at the airport's Sheikh Saad terminal and Discovery Mall in Kuwait City. Outside of Kuwait, UPAC is one of three Kuwait-based companies developing Abu Dhabi's Reem Mall.
