• Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Sunday, June 11, 2023
Daily The Business
  • Login
  • Home
  • World
  • Economy
  • Opinion
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
Subscribe
DTB
  • Home
  • World
  • Economy
  • Opinion
  • Markets
  • Tech
  • Real Estate
No Result
View All Result
DTB
Home Top News

Dubai considers restarting Dirham 120 billion airport project

by DTB
April 10, 2023
in Top News, UAE
Reading Time: 2 mins read
124 9
A A
0
38
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter

Dubai News

Dubai is considering plans for restarting the emirate’s largest construction project, the Dirham 120 billion ($33 billion) expansion of Al-Maktoum International Airport at Dubai World Central (DWC).

The expansion project was initially launched in June 2010 for cargo operations and in October 2013 for passenger flights, as part of a broader strategy to transform the DWC into the world’s biggest airport by 2050, with a handling capacity of up to 255 million passengers annually.

Reportedly, the initial phase of the project expected to be completed by 2030 will increase the airport’s capacity to 130 million passengers per year, with the total development set to cover an area of 56 square kilometres.

The DWC expansion project was delayed during the pandemic after developers competed for the estimated $2.7 billion substructure contract for Concourse I and the West Terminal building, the largest contract tendered for the project.

The contract includes more than 1.7 million square metres of connected basement footprint, with facilities including people-mover tunnels, baggage handling systems, ground services road networks and back-of-house technical and support facilities.

Boost to economy

The potential stakeholders have been advised to prepare for a restart of the project that will significantly boost Dubai’s economy. The project resumption plans were largely propelled by the ongoing rebound in passenger traffic, particularly with the emirate’s flagship international hub, Dubai International Airport, outperforming its traffic targets with 66.1 million passengers in 2022.

One of the key future challenges for Dubai international airport is runway capacity. It only has two runways, and as aircraft movements increase, it is expected to reach maximum capacity. The trend is expected to accelerate further as Emirates airline starts operating smaller Airbus A350 planes with fewer seats, which will mean more aircraft movements. Moreover, the airport is projected to handle nearly 78 million passengers by year-end, before returning to 2019 levels in 2024.

dubai world central al maktoum airport

Regional competition

Regional competition is a challenge. Dubai is the region’s largest airport and Emirates is the region’s largest airline. That position is now challenged by plans in Saudi Arabia. The Kingdom launched the masterplan for King Salman International airport in Riyadh, which aims to accommodate up to 120 million passengers by 2030 and 185 million by 2050.

Moreover, it has also announced to launch a new airline known as Riyadh Air which will be owned by the Public Investment Fund (PIF) and seeks to make Riyadh a gateway to the world and a global destination for transportation, trade, and tourism besides portraying the kingdom in a favourable light in the aviation world.

Tags: Al-Maktoum International AirportDubaiDubai-World-CentralDWCUAE economyUAE Tourism
DTB

DTB

American Dollar Exchange Rate
  • Trending
  • Comments
  • Latest
How to avoid buyer’s remorse when raising venture capital

How to avoid buyer’s remorse when raising venture capital

July 2, 2022
Dubai's real estate sector

Dubai: Villa prices post double-digit growth in August 2021

October 23, 2021
9th World Strength Lifting & Incline Bench Press Championship 2022

9th World Strength Lifting & Incline Bench Press Championship 2022 Kyrgyzstan

September 10, 2022
real estate transactions in Dubai

AED7.2 bn in week-long real estate transactions in Dubai

October 23, 2021
Afghanistan remittance payouts limited to local currency -sources

Afghanistan remittance payouts limited to local currency -sources

0
Saudi Arabia Bans Ministers From Sitting on Company Boards

Saudi Arabia Bans Ministers From Sitting on Company Boards

0
SAIF Zone takes part in The Big 5

SAIF Zone takes part in The Big 5

0
Jafza to showcase its core competencies

Jafza to showcase its core competencies in the construction and building materials sector at The Big 5 2021

0
So you think they've got Trump right where they want him, eh? Wait till you hear what this former federal prosecutor turned high-end defense attorney has to say

So you think they’ve got Trump right where they want him, eh? Wait till you hear what this former federal prosecutor turned high-end defense attorney has to say

June 11, 2023
It could take another 33 years before women are paid the same as men, a new analysis shows

It could take another 33 years before women are paid the same as men, a new analysis shows

June 11, 2023
Where to watch Man City vs. Inter Milan live stream free from anywhere in Champions League final

Where to watch Man City vs. Inter Milan live stream free from anywhere in Champions League final

June 10, 2023
Inside the turbulent personal life of Elon Musk, who had secret twins with an exec, got divorced 3 times, and who has been talking to presidential hopefuls

Inside the turbulent personal life of Elon Musk, who had secret twins with an exec, got divorced 3 times, and who has been talking to presidential hopefuls

June 10, 2023
  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy
  • Other Links
Write us: info@dailythebusiness.com

© 2021 Daily The Business

No Result
View All Result
  • Advertisement
  • Contact Us
  • Homepages
    • Daily The Business
    • Home 2
    • Home 3
    • Home 4
    • Home 5
  • World
  • Economy
  • Opinion
  • Markets
  • Tech
  • Real Estate

© 2021 Daily The Business

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In