ME to in­vest $58 bn in avi­a­tion

A re­port by Cen­tre for Avi­a­tion (CAPA) es­ti­mates that the to­tal value of 152 ac­tive avi­a­tion-re­lated projects in the Mid­dle East reached US$57.7 bil­lion. Saudi Ara­bia ac­counted for the largest share of project value, fol­lowed by the UAE and Kuwait.

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Ac­cord­ing to the Cen­tre for Avi­a­tion (CAPA), up to US$1.1 tril­lion is to be spent on air­port con­struc­tion glob­ally. This is bro­ken down by US$255 bil­lion be­ing in­vested in the new (Green­field) air­port projects around the world and US$845 bil­lion in new run­ways and ter­mi­nal build­ings. The to­tal value of the global air­port con­struc­tion projects pipe­line stands at US$721.7 bil­lion, with the US and China ac­count­ing for the largest shares and project pipe­lines val­ued at US$90.4 bil­lion and US$76.7 bil­lion re­spec­tively. Asia-Pa­cific has the high­est value pipe­line at US$291.2 bil­lion, fol­lowed by the Mid­dle East and Africa (MEA) with US$163.5 bil­lion. Top­ping the list is Bei­jing’s new US$12.6 bil­lion air­port, one of the world’s largest when it opens in Oc­to­ber 2019 with an even­tual ca­pac­ity of 100 mil­lion and seven run­ways. An in­ter­na­tional air­port un­der con­struc­tion in Chengdu boast of six run­ways and will han­dle 50 mil­lion pas­sen­gers each year. By 2036, China’s do­mes­tic air-travel traf­fic will quadru­ple to 1.6 bil­lion pas­sen­gers. HE Saif Mo­hammed Al Suwaidi, Di­rec­tor-Gen­eral, UAE Gen­eral Civil Avi­a­tion Au­thor­ity (GCAA), said. “Our air­lines and air­ports have been rank­ing con­sis­tently among the best in­ter­na­tion­ally. On com­pli­ance level, the UAE ranked as a top mem­ber state of the In­ter­na­tional Civil Avi­a­tion Or­gan­i­sa­tion. We hope to ac­com­mo­date 118 mil­lion pas­sen­gers by 2023 at the Dubai In­ter­na­tional Air­port, and 120 mil­lion pas­sen­gers upon com­ple­tion of Phase-II of the Dubai World Cen­tral, in ul­tra­mod­ern in­fra­struc­tures that match the best in the world.” In Saudi Ara­bia, the new Taif In­ter­na­tional Air­port is ex­pected to open in De­cem­ber 2020. By 2019, Riyadh’s King Khalid In­ter­na­tional Air­port, plans to in­crease the to­tal ca­pac­ity to han­dle 24 mil­lion in­ter­na­tional pas­sen­gers yearly. The Sul­tanate of Oman, which ear­lier this year opened an US$1.8 bil­lion ‘si­lent ter­mi­nal’ with ro­bots di­rect­ing pas­sen­gers, hopes it will be among the top 20 air­ports in the world by 2020. Three de­vel­op­ment phases are ex­pected to boost the num­ber of pas­sen­gers at the air­port to 24 mil­lion, 36 mil­lion and fi­nally 48 mil­lion.

We hope to ac­com­mo­date 118 mil­lion pas­sen­gers by 2023 at DXB, and 120 mil­lion pas­sen­gers upon com­ple­tion of Phase-II of Dubai World Cen­tral

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