Page 300 - SHARJAH AIRPORT PR REPORT - FEBRUARY 2024

2/21/24, 10:53 AM Dubai to host the world's largest airport industry show in May
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."

Organised by RX, part of RELX, a global provider of information-based

analytics and decision tools that organises 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.

May Ismail, Event Manager at RX, stated, "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 suggest 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 $450 billion in investments. There were

225 new airport projects, and more than 70 percent of the investment was

in Asia Paci c. 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

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