Iran on Saturday awarded a deal to a Dutch company over the development of a town in the vicinity of the country’s biggest airport - Imam Khomeini International Airport (IKIA) - in southern Tehran.

According to Press TV, the contract was signed between the Managing Director of IKIA Airport Town Company Mahmoud Navidi and Kiel Cloisterville, the Vice President of the Netherlands Airport Consultant Company (NACO).

Accordingly, NACO will be in charge of providing consulting services for the development of Phase 1 of IKIA Airport Town for a period of five years.

Phase 1 of the project includes a passenger terminal named “Salam” with capacity of around five million passengers a year, a passenger terminal named “Iranshahr” with a capacity of 20 to 22 million passengers a year as well as a section of free trade zone.

Upon the completion of the first phase of the IKIA Airport Town, the passenger capacity of the airport will reach 30 million passengers from the current 8 million in the next five years.

NACO introduces itself as a global provider of airport planning, airport design, and airport engineering services. It also says it has carried out projects in 550 airports worldwide.