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FINANCIAL NEWS
UAE to spend USD23.1b on airport infrastructure
05 May 2013
(MENAFN) The UAE is investing USD23.1 billion in the country’s airport infrastructure in order to accommodate passenger traffic growth over the coming years, reported Gulf News.
Dubai will allocate USD7.6 billion to its international terminals, and USD8.1 billion to the cargo terminal at Jebel Ali.
Abu Dhabi is continuing its redevelopment plan of its international airport worth USD6.8 billion.
Other GCC countries have notably invested heavily in airport infrastructure, including Qatar and Saudi Arabia, with a combined total of USD12.3 billion.
More News
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
12 May 2025
Alsharifi: “Proud of our strategic partnership with the Royal Humanitarian Foundation”
04 May 2025
BBK offers exclusive Mortgage Loans for luxury villas and apartments on Reef Island
30 Apr 2025
BBK discloses its financial results for the first quarter ended 31st March 2025
25 Mar 2025
BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
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