Dubai Airports to spend $7.8 billion on expansion
Posted 07/07/2011
Dubai Airports will spend $7.8 billion on new and upgraded terminals to lift Dubai International's annual passenger capacity from 60 million currently to 90 million by 2018. The project is designed to deliver infrastructure to support expected annual passenger and cargo traffic growth of 7.2% and 6.7%, respectively.
Dubai Airports Chairman Ahmed Bin Saeed Al Maktoum said the elements expected to drive traffic growth are tourism, Dubai’s proximity to the emerging economies of India and China and the emirate's established role as a trading hub.
Originally published 7 Jul 2011 at: http://feeds.atwonline.com/~r/AtwDailyNews/~3/-3NSk1LnO2c/dubai-airports-spend-78-billion-expansion-0706
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