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Business opportunities at Keflavik Airport

Isavia, the operator of Keflavik Airport, Iceland’s largest airport, is requesting proposals from interested parties for the operation of Bureau de Change, ATM services and VAT refund in Keflavik International Air Terminal.

Keflavik International Airport is Iceland‘s primary gateway, the main international airport for the capital city Reykjavik and is furthermore a bridge between North America and Europe. 
New opportunities in response to the changing passenger profile

The profile of Keflavik Airport customers is changing. Icelandic travellers have historically been the main customers but with fast increasing number of tourists to Iceland, foreign travellers are now becoming the main customer group. Foreign travellers represented 71% of total passengers in 2014, growing to around 75% in 2020 according to projections.
Large increase in passenger numbers at Keflavik Airport

In addition to the changing passenger mix, Keflavik Airport has experienced large increase in passenger numbers for the last 5 years. In 2014, 3.86 million passengers passed through the airport which is an increase of 20.5% on the previous year. It is estimated that the total number of passengers through Keflavik Airport will reach 5.2 million by 2020.
Qualified Proposers

Qualified proposers are financial companies with an operating license granted by the Financial Supervisory Authority in Iceland to provide financial services or financial companies established and licensed in another member state of the European Economic Area (EEA).
Request for proposals' information

The Request for proposals documents are now available. The closing date for submitting proposals is Friday 7th August 2015. It is estimated that negotiation period will start on Tuesday 18 August 2015 and will continue until contracts have been signed. The contract will start 6 months after successful negotiations.

Further information: