Page 267 - SHARJAH AIRPORT PR REPORT - FEBRUARY 2024

2/21/24, 10:50 AM Middle East Airports Expanding In A Fast-Forward Mode To Handle Zooming Passenger Numbers | MENAFN.COM
He added:“Airport Show will remain the best venue to select and source the cutting-edge

technologies and newest innovative products to better the airport operations.”
Organized by RX, part of RELX, a global provider of information-based analytics and decision

tools that organizes about 400 events in 22 countries across 42 industry sectors, 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.

Remarked May Ismail, Event Manager at RX:“The airport industry will be back to full business

when we meet in 2024. The pace of growth and expansion that was halted is back at a
phenomenal rate. The projects that took off again clearly suggest there is no end to expansion

and growth. What had been put on the back burner is now in the front.”
According to a CAPA report, 425 major construction projects were on at existing airports
worldwide, with US$450 billion in investments. There were 225 new airport projects and more

than 70 percent of the investment was in Asia Pacific. There were 1074 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 US$1.14

trillion in 2023, and would reach US$1.8 trillion by 2030.

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