Dubai to spend $22.5bn on airports

By Administrator |

The Dubai Government is to spend more than Dhms.45bn ($12bn) on airport development over the next 15 years on Dubai International Airport (DIA) and the new facility at Jebel Ali International Airport.

The sum was confirmed by Anita Mehra Homayoun, Director of Marketing and Corporate Communications at Dubai Civil Aviation (DCA), at the inaugural Middle East Business Aviation Conference (MEBA) in Dubai over the weekend.
She said this is part of Dubai?s much bigger Dhms.140bn ($38bn) investment which also includes Dhms.110bn ($30bn) in new aircraft orders made by national airline Emirates over the last two years.
‘Dubai's emergence as a world-class tourism and business hub has called for massive investments in the airport infrastructure development to meet the expected projections of 60m passengers by 2010,’ said Homayoun.
‘DCA will invest Dhms.45bn in airport development. The expansion plan of Dhms.15bn includes the construction of Terminal 3 and Concourses 2 and 3. The Jebel Ali Airport City is currently undergoing a Dhms.30bn development and is expected to change the landscape of Dubai's south.’
Interestingly, Homayoun added that non-aeronautical revenue contributes 68% to DIA's total revenue.

International

OUT NOW: June/July issue + Top 10 Airports

The TRBusiness June/July 2024 edition, featuring the Top 10 Airports report, is now available...

International

TR Consumer Forum 2024 photo gallery now live

The TR Consumer Forum 2024 was packed with memorable moments, from the very first networking...

International

TR Consumer Forum welcomes Gulf Beverages

TRBusiness is proud to announce Gulf Beverages and African + Eastern as Diamond Sponsors for the...

image description

In the Magazine

TRBusiness Magazine is free to access. Read the latest issue now.

E-mail this link to a friend