GCC countries to boost investment in airports

03/03/2011 - Dubai Investment News Posted by Bob Brunskill
GCC countries to boost investment in airports

Investment in new and existing airports is expected to cost GCC countries around $90 billion over the next few years.

According to Reed Exhibitions Middle East - the organisers of the Airport Show 2011, which is due to take place in Dubai from May 31st until June 2nd - expansions at the region's 1,200 international, domestic and defence airports will be taking place.

The news follows recent figures released by Dubai Airports which revealed that some 4.25 million passengers passed through airports in Dubai during January.

It represents a ten per cent rise compared to the same month in 2010, where the emirate welcomed 3.87 million passengers, Emirates 24/7 reported

Show director Mohamad Bader-Eddin said: "The GCC countries and the wider region continue to register sustained growth in flight operations, as well as freight and passenger traffic.

"This growth has stimulated a continued flow of investments for the development and expansion of airport projects."

However, Mr Bader-Eddin noted that the projected $90 billion does not take into account developments to airport infrastructure such as freezones.ADNFCR-2019-ID-800441536-ADNFCR