IKIA (Imam Khomeini International Airport) is located in Southern Tehran, Capital City of Islamic Republic of Iran. The main objective to carry out such
a mega-development project is to convert the airport to an international “Air Hub” in the region. From site selection point of view, IKIA’s location is
unique, and enjoys the geo-strategic advantages of the country Location of IKIA in the Region.
Construction of Passenger Terminal 1 commenced in 1995 and it was inaugurated officially in 2005 and received flights from then onward. IKIA
is managed by IAC (Iran Airports Company). IKIA Airport City has been described with a central aeronautical core consisting of 3 domestic and international terminals, a Hajj Terminal and a Satellite Terminal, 4 runways (4200m) equipped to Cat. III A, ILS and lighting system, and 12 taxiways in a 3000 ha area.
Since the airport cities are established along with the economic development, in the Free Zones and Special Economic Zones, the establishment of 1,500 ha of Free Trade Zone and 2,500 ha of Special Economic Zone has been forecasted for IKIA. This will attract foreign investments and international business. As for the general theme of this airport city, it can be said that it will act as an economic driving force.
The large and extensive areas surrounding the airport, and also its aforementioned comparative advantages from the “economy of scale” point of view, offer a large scale development capacity to the entity in order to turn it into a state-of-the-art "Gateway to Iran," and prepare the grounds to convert it to a profound Airport City in the region.
IKIA is surrounded by two railways and two freeways to its west and its east (Tehran-Qom and Tehran-Saveh freeways). Tehran Metro Line 1 is being launched to the southern outskirt of Tehran to connect the metropolis to the airport. Sustained socio-economic development, and creation of employment opportunities are the main objectives for the national economy in general, and for Tehran Province and its neighboring provinces, in particular. To realize the planned objectives, improvement of the transportation and logistics system, which will serve as a catalyst for socio-economic development of the region, seems mandatory.
IKIA Development Phases
According to studies conducted by ADPI on air traffic trends in Iran, IKIA’s overall development process would embrace 4 planned phases. At present, Phase I is under operation, and Phase II started from 2009 by construction of the second runway, Hajj Terminal, Metro Line & Station, and design of Terminal 2, Control Tower and other facilities.
IKIA Airport City Development
Geo-strategic location of IKIA, known as an international crossroad connecting north to south and east to west, makes it profoundly eligible to be evolved as a regional hub, leading to an Airport City or an Aerotropolis. At present, IKIA is aiming to reach its optimal attainable development peak which has been envisaged many years ago.
Some of the main elements of the Airport City, together with their areas and zone locations, are as follow:
- Light Industry (32 ha/NZ, 179 ha/SEZ)
- Exhibition + Trade Fair (152 ha/SEZ)
- Convention + Hotel (78 ha/NZ)
- Eco-Tech Perks (288 ha/SEZ)
- Heritage + Eco Valley (104 ha/NZ, 96 ha/SEZ)
- Logistics (557 ha/SEZ)
- Commercial (137 ha/NZ)
- Aviation Industries (269 ha/FEZ)
The vast spectrum of activities in the Airport City is divided in four parts:
1. Aviation Zone (AZ), 2,800 ha
2. Free Economic Zone (FEZ), 1,500 ha
3. Special Economic Zone (SEZ), 2,500 ha
4. Normal Zone (NZ), 7,000 ha
Investment Policies in IKIA Projects
Based on the 1979 Airport Land & Property Law, airport lots can be rented out to the investors for a maximum period of 25 years, based on BOT contracts. The resident investors are allowed to extend their lease contracts for another 25 years. More information is provided in the related websites: www.airport.ir For foreign investors, based on the new Foreign Investment Promotion and Protection ACT (FIPPA) ratified in May 2002, an organization for foreign investment promotion has been created and is empowered by the government to provide legal protection and security required by FDI. The authorities involved in the investment process in IKIA, including the Ministry of Road and Transportation, Iran Airport Company (IAC), IKIA Airport Management Office and IKIA Development Project Office, are engaged to facilitate the legal procedures and provide required infrastructures for the investment projects (www.IKIAir.com).
Investment Opportunities in IKIA IKIA Airport City development projects are categorized in two major groups:
1. IKIA aviation affiliated projects, starting with Phase II projects and moving towards Phases III and IV.
2- Airport City Zones Development Projects, which involve major multipurpose and multi-functional investments in Special Economic Zones
(SEZs) with 2500 ha, Free Zones (FZs) with 1500 ha, and other areas in the Airport City.