Page 254 - SHARJAH AIRPORT PR REPORT - FEBRUARY 2024

2/21/24, 10:48 AM Dubai to host the world’s largest airport industry show in May
“The business event will provide the industry professionals from Middle East, South Asia, and
Africa region the opportunity to see innovations in airport sustainability, digitalisation, and
urban air mobility,” Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil
Aviation Authority, Chairman of Dubai Airports, Chairman and CEO of Emirates Airline and
Group, and Patron of Airport Show, said.
The show is supported by prominent players in the aviation industry, including the Dubai Civil
Aviation Authority (DCAA), Dubai Airports, Dubai Aviation Engineering Projects (DAEP), and
dnata.
Mega project investments
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 expanding capacity
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 10 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.
The stories on our website are intended for informational purposes only. Those with finance,
investment, tax or legal content are not to be taken as financial advice or recommendation.
Refer to our full disclaimer policy here.

https://economymiddleeast.com/news/dubai-to-host-the-worlds-largest-airport-industry-show-in-may/ 2/2