News

Lebanon Preparing To Build New $70 Million Airport Terminal

The construction of the second terminal is hoped to increase the capacity of the airport from 8 million passengers a year today to 20 million by 2030.

Published

4 years ago

June 16, 2022

David Morelo

lebanon preparing to build new $70 million airport terminal

Directorate General Of Civil Aviation

Lebanon’s only international airport in Beirut is moving one step closer to the construction of its second terminal. According to Minister of Public Works and Transport Ali Hamie, the crisis-stricken country will soon launch an international tender for the $70 million project.

Once constructed, the state-of-the-art terminal will be used for chartered and low-cost flights, as well those carrying Muslim pilgrims to Saudi Arabia and Iraq. The construction of the new terminal, together with other expansions and technological improvements, is hoped to increase the capacity of the airport from 8 million passengers a year today to 20 million by 2030, as stated on the website of national carrier Middle East Airlines.

beirut international airport terminal 2

In the coming months, large numbers of travelers are expected to visit Lebanon and generate substantial revenue for the country, whose tourism sector alone corresponds to 7.5 percent of its gross domestic product.

“Occupancy rates are full at airlines and hotels,” Minister of Tourism Walid Nassar said in reference to the summer season. “Lebanese expatriates and foreigners who love Lebanon will come to Lebanon and it will be a promising summer.”

Also Read: Google Contributed Billions To The Middle East Economy In 2021

The capacity to comfortably welcome more travelers to the country would provide a nice economic boost for Lebanon, which is experiencing the first financial crisis in its modern history. What’s more, the terminal construction project, which will be carried out by the private sector, should create hundreds of new jobs.

The last time when the Beirut Airport underwent a modernization was in 1990, after the Lebanese Civil War, which left it in shambles and in need for major improvements. For the last several years, the airport has been operating at peak capacity, and the two large explosions at the Beirut port in 2020 only made the situation worse.

News

Microsoft Plans $10 Billion-Plus Gulf Expansion Despite Iran Conflict

Security is shaping Microsoft’s approach, from resilience work with governments to what it will say about how the money splits by country.

Published

4 days ago

September 24, 2026

Nour Nasir

Microsoft

Microsoft is planning more than $10 billion of investment across the UAE, Saudi Arabia, Qatar and Kuwait through 2030, Vice Chair and President Brad Smith told Reuters, calling the spending schedule aggressive. The Iranian conflict that began on February 28 has not persuaded the company to scale back.

“We’re sustaining all the investments we planned to make before this conflict started, and we are in fact adding to them,” Smith said. The $10 billion-plus total does not, however, show how large those additions are.

The investment, which Smith described as part of Microsoft’s continued infrastructure expansion, is aimed at cloud and AI infrastructure and at the company’s growing regional operations. Microsoft also intends to put more than $400 million into subsea and terrestrial connectivity across the Middle East by 2030.

The spending fits the region’s own ambitions too. Gulf governments have been investing heavily in AI infrastructure as part of a push to diversify their economies beyond oil and gas and turn themselves into global technology hubs. Major cloud and AI providers have been drawn in part by the land and relatively low-cost energy on offer.

Microsoft is widening its partnerships with regional AI companies, though not on identical terms. In 2024, it invested $1.5 billion in Abu Dhabi-based G42 for a minority stake, and Smith currently sits on G42’s board. Saudi Arabia’s Humain and Qatar’s Qai are working with Microsoft on selected priority areas, but Smith said the company does not plan to make capital investments in either.

Also Read: Egypt’s Mobile Wallets Are Booming, But Cash Still Has Power

The conflict has added another strand to Microsoft’s work in the region. Since it began, Smith said, the company has supported regional partners with digital resilience assessments, and it is now working with Gulf countries through a digital resilience initiative focused on preparedness and the protection of critical data.

So far, the company has given no country-by-country breakdown of the investment, citing security among other factors. So while the headline figure is public, how Microsoft divides the spending among the four countries is not.