Expansive airport upgrades in Dubai to increase capacity to a whooping 300M

Expansive airport upgrades in Dubai to increase capacity to a whooping 300M

A staggering sum of Dh 85 billion is expected to be invested in various airport projects that will focus on expansion, upgrades and development, in order to increase the annual passenger capacity to an estimated 300 million. This news was announced by Saif Mohammed Al Suwaidi, director general of the UAE General Civil Aviation Authority, and Dawood Al Shezawi , head of the organising committee of the Global Investment in Aviation Summit, at a press conference held in Dubai on Sunday
Several projects that are backed by financial institutions and banks, are already reaching various stages of progress like the ambitious Dh 30 Billion project that seeks to develop the Al Maktoum International airport. The terminal at the Sharjah airport is also undergoing some excellent upgrades. The developmental agendas of the expansion of phase four involve a sum of Dh 28 billion, while the Abu Dhabi airport has been experiencing major changes in a project that has seen the investment of around Dh 25 billion.
As the host of the first ever Global Investment in Aviation Summit (GIAS), the UAE will see intensive participation and lobbying from the world’s best in aviation asset managers, aviation finance, investors and airlines among others. The on-going projects are expected to provide a major boost of adrenaline to the UAE’s four national carriers that have a fleet of 502 aircraft that cater to an estimated 75 million passengers every year. Moreover, the airlines are also engaged in acquiring the latest models of aircraft, a move that will certainly boost the economy. It is little wonder that the UAE, that has to its credit 14 airports, airstrips and airfields, has stood out as the most conspicuous and largest aviation hub in the region.
While addressing the press conference, Al Suwaidi stressed on the fact that the global participation and investment in the Aviation summit shows a measure of the achievements and strides that the UAE has made in the aviation sector. He added that the Dubai International Airport could see passenger capacity swelling up to 118 million passengers by 2023.