Page 243 - SHARJAH AIRPORT PR REPORT - FEBRUARY 2024

2/21/24, 10:47 AM Dubai to host the world’s largest airport industry show in May
According to a CAPA report, 425 major construction projects were on at existing airports worldwide, with
$450 billion in investments. There were 225 new airport projects, and more than 70 percent of the
investment was in Asia Pacific. There were 1,074 airport investors, of which 258 were airport operators,
groups or consortiums. About 68 percent of all projects were based on terminals, either expansions or

new developments. A report has disclosed that the global airport construction market grew to $1.14
trillion in 2023 and would reach $1.8 trillion by 2030.

Dubai International Airport, the world’s busiest airport for international travellers continuously for nine
years, is also building up the capacity and facilities to make the hub more impressive. Now serving 250

destinations in 104 countries through 95 airlines, DXB has mega expansion plans that will entail
investments of up to $2. 7 billion. The capacity and service level enhancements over the coming ten
years have been necessitated as its home base carriers ordered another 120 aircraft - 90 Boeing-777s
for Emirates and 30 Boeing-787s for flydubai.

Sharjah, home to the Arabian Gulf’s first airport, has started work on an AED1.2 billion ($327 million)

terminal expansion that will increase the airport’s capacity to 20 million passengers a year. The
expansion project will separate the arrivals from departures areas and enhance its systems and
amenities. It is the largest phase of expansion work being undertaken at a total cost of AED2.4 billion

and is expected to be completed in 2027. Improvements will include additional self-check-in kiosks,
electronic boarding gates, a spacious waiting zone, dining facilities, and a transit passenger hotel.
Sharjah Airport, home of the MENA region’s largest LCC Air Arabia, added six new passenger
destinations and three air cargo routes in 2023. The airport handled about 13.1 million passengers in
2022 and will be able to handle up to 25 million passengers by 2026.

UAE
AVIATION

https://www.zawya.com/en/business/aviation/dubai-to-host-the-worlds-largest-airport-industry-show-in-may-u3ns0bk6 3/3