GCC to spend AED330bn on airport projects
Airports in the Middle East are expected to spend AED330 billion on airport expansion or renovation in the next few years, according to Reed Exhibitions. More than 1,000 international, domestic and defence airports are expected to be developed in the coming years, spurred by IATA’s recent optimism in passenger growth. “The GCC countries and the wider region continue to register sustained growth in flight operations, as well as freight and passenger traffic,” said Mohamad Bader-Eddin, director of the Airport Show, which will be held in Dubai this May. “This growth has stimulated a continued flow of investments for the development and expansion of airport projects.” In the UAE, Al Maktoum International Airport is to receive an AED29.3 billion investment, while Dubai International Airport’s concourse 3 is expected to cost AED1.4bn and Abu Dhabi’s total investment will cost AED24.9bn. Meanwhile, King Abdulaziz International Airport will spend AED5.5bn on its first phase of development, New Doha will receive AED40.4bn and Muscat’s International Airport will spend AED4.4bn on expansion. Bahrain and Kuwait are also expanding their airport services.