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Dubai Airports nod for $7.8 b expansion plan

PTI Dubai | Updated on July 07, 2011

Dubai Airports has given the green signal for a $7.8 billion (28.8 billion Arab Emirates dirham) airport and airspace expansion programme, which will boost capacity at Dubai International from 60 million to 90 million passengers a year by 2018.

The plan, which was presented to the Vice-President and Prime Minister of the UAE and Ruler of Dubai, Sheikh Mohammed bin Rashid Al Maktoum, this week is designed to deliver aviation infrastructure, which will support the continuation of the sector’s growth, facilitate Dubai’s economic expansion and generate 22 per cent of total employment and 32 per cent of the emirate’s GDP by 2020.

The plan is a response to a 10-year traffic forecast for Dubai International and Dubai World Central that projects international passenger and cargo traffic will increase at an average annual growth rate of 7.2 per cent and 6.7 per cent, respectively.

“The combination of rallying tourism, Dubai’s proximity to the emerging economies of India and China, and the emirates’ established role as a trading hub, is together expected to drive traffic growth and further elevate Dubai’s status as a global centre for aviation,” Sheikh Ahmed bin Saeed Al Maktoum, the Chairman of Dubai Airports and President of the Dubai Civil Aviation Authority, said in a statement.

The strategy includes aggressive expansion plans for airspace, airfield, aircraft stands and terminal areas at Dubai International over the remainder of the decade.

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Published on July 07, 2011
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