GMR Airports Netherlands B.V., a 100% subsidiary of GMR Airports Limited (GAL) has signed the Shareholders’ Agreement (SHA) and Share Subscription Agreement (SSA) with Angkasa Pura II (AP II) for the development and operation of Kualanamu International Airport (Project) in Medan, Indonesia. With the signing of the agreements, GMR enters into 49:51 partnership with APII, the state owned enterprise and the bidding authority for the Kualanamu International Airport. The consortium aims to transform Kualanamu International Airport into Western International hub of Indonesia.