Iraq is advancing the modernization of Baghdad International Airport through a landmark public-private partnership (PPP) initiative, with the International Finance Corporation (IFC) serving as the lead transaction advisor.

The meeting, which included representatives from the International Finance Corporation (IFC), advisors to the Prime Minister, and the Head of the Iraqi Civil Aviation Authority (ICAA), was held to finalize the bidding documents and initiate the Request for Proposals (RFP) process for eligible investors as part of the upgrade of Baghdad International Airport (BIAP). Plans include a new terminal with an annual capacity of 8.5 million passengers-expected to rise to 15 million by 2040-along with runway upgrades, VIP terminal unification, and investment in commercial activities around the airport.

The IFC, which has supported similar airport projects in 11 airports across nine countries, is advising the government on feasibility, technical scope, and private sector engagement. While security and core sovereign functions will remain under government control, private investors will manage passenger services, ground handling, and air cargo within the terminals.