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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.
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