AIRLINK 74.00 Decreased By ▼ -0.25 (-0.34%)
BOP 5.14 Increased By ▲ 0.09 (1.78%)
CNERGY 4.55 Increased By ▲ 0.13 (2.94%)
DFML 37.15 Increased By ▲ 1.31 (3.66%)
DGKC 89.90 Increased By ▲ 1.90 (2.16%)
FCCL 22.40 Increased By ▲ 0.20 (0.9%)
FFBL 33.03 Increased By ▲ 0.31 (0.95%)
FFL 9.75 Decreased By ▼ -0.04 (-0.41%)
GGL 10.75 Decreased By ▼ -0.05 (-0.46%)
HBL 115.50 Decreased By ▼ -0.40 (-0.35%)
HUBC 137.10 Increased By ▲ 1.26 (0.93%)
HUMNL 9.95 Increased By ▲ 0.11 (1.12%)
KEL 4.60 Decreased By ▼ -0.01 (-0.22%)
KOSM 4.83 Increased By ▲ 0.17 (3.65%)
MLCF 39.75 Decreased By ▼ -0.13 (-0.33%)
OGDC 138.20 Increased By ▲ 0.30 (0.22%)
PAEL 27.00 Increased By ▲ 0.57 (2.16%)
PIAA 24.24 Decreased By ▼ -2.04 (-7.76%)
PIBTL 6.74 Decreased By ▼ -0.02 (-0.3%)
PPL 123.62 Increased By ▲ 0.72 (0.59%)
PRL 27.40 Increased By ▲ 0.71 (2.66%)
PTC 13.90 Decreased By ▼ -0.10 (-0.71%)
SEARL 61.75 Increased By ▲ 3.05 (5.2%)
SNGP 70.15 Decreased By ▼ -0.25 (-0.36%)
SSGC 10.52 Increased By ▲ 0.16 (1.54%)
TELE 8.57 Increased By ▲ 0.01 (0.12%)
TPLP 11.10 Decreased By ▼ -0.28 (-2.46%)
TRG 64.02 Decreased By ▼ -0.21 (-0.33%)
UNITY 26.76 Increased By ▲ 0.71 (2.73%)
WTL 1.38 No Change ▼ 0.00 (0%)
BR100 7,874 Increased By 36.2 (0.46%)
BR30 25,596 Increased By 136 (0.53%)
KSE100 75,342 Increased By 411.7 (0.55%)
KSE30 24,214 Increased By 68.6 (0.28%)

imageMBABANE: Swaziland's King Mswati III on Friday inaugurated a new $280-million airport in the tiny nation even though the project is years away from being operational and has been dubbed a "white elephant" by critics.

It has taken 11 years to build the airport, at a cost equivalent to almost 10 percent of the impoverished mountain kingdom's 2012 Gross Domestic Product.

Authorities in the sub-Saharan Africa's last absolute monarchy hope the airport will help attract tourism and foreign investment.

But it has yet to be granted an operating licence by the International Air Transport Association (IATA) and no airlines are expected to make use of the airport for years to come, prompting concerns about the viability of the project.

Swaziland's ruler however defended the airport, which was built under the name Sikhuphe International Airport but was on Friday renamed King Mswati-III International Airport.

"This airport is not a tool to make a circus show but to advance the country's development," the monarch said at the opening ceremony.

Swaziland is currently serviced by South Africa's SA Airlink which plies only the 45-minute route to and from Johannesburg and operates from a smaller airport in the commercial hub of Manzini.

The new airport, built 70 kilometres (44 miles) away from the capital Mbabane, will eventually be able to handle 300 passengers per hour and its runway can accommodate jumbo jets, officials said.

Swaziland does not have its own national airline but aviation authorities announced earlier this year that a new national carrier is in the pipeline and will fly to 10 destinations in Africa and the Middle East.

Locked between Mozambique and South Africa, Swaziland remains one of the world's poorest countries, though its monarch is estimated to have a fortune of around $200 million.

Comments

Comments are closed.