GMR to develop Indonesian Airport

Tags: Economics/Business

• GMR Airports Limited (GAL), a subsidiary of GMR Infrastructure Limited, signed an agreement with Indonesia's Angkasa Pura II  for the development and operation of Kualanamu International Airport in Medan, Indonesia.
• GMR will hold 49% stake while AP2  will hold 51% stake in the Kualanamu International Airport .
• Medan is the fourth largest urban area in Indonesia and is capital of North Sumatra province

Note 

GMR operates Indira Gandhi International Airport Delhi and Rajiv Gandhi International Airport , Hyderabad in India .

It is building a green field airport at the following places  :

• Mopa in North Goa 
• International Airport at Bhogapuram, Vizianagaram in Andhra Pradesh