The Keflavik Airport Development area Masterplan will focus on the development and planning of land surrounding Keflavik International Airport until 2050.
The main stakeholders in the area; the municipalities Reykjanesbær and Suðurnesjabær, the Icelandic state and Isavia, the operator of Keflavik International, have a shared vision on the importance of coordinating their projects to the Masterplan, keeping in mind the overall interests of the area as a whole.
Keflavik Airport is a well connected international airport, located between Europe and North-America. With proper planning, the airport can serve as a driver for an economically, environmentally and socially sustainable area. Kadeco follows a people centered development approach in order to ensure that the area grows together with the surrounding community in a mutually beneficial manner.
In 2021 Kadeco formally launched a design tender for the Keflavík Airport Area Strategic Masterplan. Proposals were submitted by 25 teams, each made up of seven to ten companies. The applicants included many global leaders in their fields, which is an indicator of the worldwide interest that the Keflavik Airport Area has received. In December 2021 Kadeco announced the selection of a multidisciplinary team led by KCAP to develop a strategic masterplan for the Keflavik Airport area.