« Back to News

Dubai: Many local, global firms keen to finance $34.87bln Al Maktoum airport project

Financing for the upcoming Dh128-billion Al Maktoum Airport in Dubai South will not be an issue as many local and global firms will be keen to fund the mega project, said Sheikh Ahmed bin Saeed Al Maktoum, chairman and CEO of Emirates Airline and Group.

“Any project in Dubai when we decide to launch, financing will always be part of it. Today, we know that a lot of companies locally and internationally will be very keen and interested in financing this project from baggage handling system to parking to terminals,” Sheikh Ahmed said during a media briefing on the sidelines of the Arabian Travel Market on Tuesday.

On April 28, the Dubai government announced that all operations at Dubai International (DXB) airport will be relocated to Al Maktoum International Airport in Dubai South over the next 10 years. Set to be built at a cost of Dh128 billion, the airport will have a passenger capacity of 260 million per annum and fully absorb Dubai airport operations.

Link: https://www.zawya.com/en/business/aviation/dubai-many-local-global-firms-keen-to-finance-3487bln-al-maktoum-airport-project-ttpgcs3s

® JIAC 2017 – C.F. 97866940584 - Credits