AED 150bn Airport Infrastructures In GCC

Home  /  News  /  AED 150bn Airport Infrastructures In GCC

With the incessant rising of passengers traffic demand, Gulf Countries are investing AED 150bn Airport Infrastructures In Gccprofoundly in airports developments.
Airlines in GCC’s invest more than AED 1150 billion in airport infrastructures to meet the passengers’ traffic progress.
On a report of International Air Transport Association (IATA), a profit growth in Middle East airlines estimating$1.1 billion which is 55% increase from last year’s $900 is expected.
The growth is based on the extension of the routes around the globe of Middle East Airlines.
In UAE, more than AED 85 billion on which Dh 58 billion in Dubai and Dh25 billion in Abu Dhabi are invested in airport developments.
After the Dh20 million Dubai International Airport over the last 15 years, its fourth e-phase expansion is on-going at Dh28 billion costs. The development includes fourth concourse and associated works.
Another Dh30 billion at Dubai World Central in Jebel Ali is presently working.
Abu Dhabi’s Dh25 billion investments in Abu Dhabi International Airport’s redevelopment have started last year. Its Midfield Terminal Complex amounting Dh12 billion contract was awarded to Arabtec-led consortium.
Also, Sharjah and Al Ain International Airport International Airport have undergone major developments to cater more passengers.
Meanwhile, in expanding its new hub airport, Qatar is investing Dh41 billion.
Saudi Arabia noted that the country is investing heavily in expanding a number of its airports.
GCC’s big airport infrastructures includes King Abdulaziz International Airport (KAIA) Development Phase 1 in Jeddah with an investment equivalent to $1.5 billion; Muscat International Airport expansion with estimated costs of $1.2 billion; approximately $2.1 billion in Kuwait International Airport; and $335 million in Bahrain airport.