Dubai Airport expansion plan boost

06/07/2011 - Dubai Investment News Posted by Bob Brunskell
Dubai Airport expansion plan boost

Plans to expand Dubai International Airport at a cost of $7.8 billion have been supported by His Highness Sheikh Mohammed bin Rashid Al Maktoum, vice-president and prime minister of the UAE and ruler of Dubai.He endorsed the project, which will increase capacity of the terminal to 90 million passengers a year by 2018 and generate 22 per cent of employment and 32 per cent of the emirate's GDP, when the plans were presented this week.Commenting on the support received for the plans, chairman of Dubai Airports Sheikh Ahmed bin Saeed Al Maktoum, said: "The combination of rallying tourism, Dubai's proximity to the emerging economies of India and China, and the emirates' established role as a trading hub, is together expected to drive traffic growth and further elevate Dubai's status as a global centre for aviation."He added that airlines Emirates and flydubai will also grow as the terminal expands to capture market share."Similarly, our infrastructure must expand to enable this growth and facilitate the trade, tourism and commerce that in turn will support the prosperity of Dubai," he added.