Dubai invests $82bn in aviation projects
Dubai, May 27, 2007
Dubai is investing $82 billion on aviation infrastructure, said Sheikh Ahmed bin Saeed Al Maktoum, chairman, Dubai Aviation Corporation-Dubai World Central.
Dubai World Central (DWC), the city-within-a-city taking shape at Jebel Ali in Dubai, is forming a major part of this investment, he said as the Airport Show 2007 opened in Dubai's Aiport Expo.
Sheikh Ahmed’s statement came in conjunction with DWC’s support of the Airport Show being held until May 30.
“Dubai is investing in the region of $82 billion in aviation infrastructure projects, of which 40 per cent ($33 billion) will be invested in Dubai World Central,” stated Sheikh Ahmed.
“DWC will become the world’s finest example of urban planning and a benchmark for global investors. Our support of the Airport Show where 500 exhibitors and 5,000 industry visitors are expected to eventually attend will capitalise on the unprecedented growth in the aviation and airport development sectors that the Middle East, India and the Africa region has experienced in recent years.”
Boasting the world’s premier logistics and residential capabilities, DWC will be a major player in the UAE’s growth and expansion plans for the coming decade.
“As construction of the world’s largest airport Dubai World Central International Airport (JXB) is well underway, there will be a huge requirement of aviation related products and services” explained Abdulla Al Falasi, DWC’s marketing and corporate communications director.
“This is a testament to Dubai’s dedication to the aviation industry in the region; naturally, consultants and developers, including DWC, will be using the Airport Show as an investment and sourcing opportunity,” continued Al Falasi.
DWC’s phase one development is expected to be complete by 2009. – TradeArabia news Service