Dubai Sponsors USD 3bn Airports Finance Deal #Dubai - Dubai City Guide
Guest Posts, Link Building, SEO, Pay-Per-Click campaigns
Advanced Search
Home / News / News Search
News Search
   

Dubai Sponsors USD 3bn Airports Finance Deal
(1 November 2016)
New Al Maktoum International Airport Set to be Primary Airport for Dubai, and Home to Emirates Airline from 2025


 

Dubai’s two international airports are set for a capacity-boosting, capex-fueled expansion that will enable them to serve up to 146m passengers by 2025, due in large part to a proposed initial USD 3bn financing transaction announced today by its government. 

Already, Dubai International Airport (DXB) is the world’s largest international airport at 78m passengers in 2015, with a 13% average compound annual growth rate since 2000.  The new Al Maktoum International Airport (DWC) is planned to become the primary airport for Dubai, as well as the home to Emirates Airline from 2025.

“Dubai remains firmly committed to the development of the Al Maktoum International Airport and to the growth of the global aviation sector, and this initial USD 3bn transaction to support Dubai’s ambitious 2025 passenger capacity targets is testament to our belief,” said Chairman of Dubai’s Supreme Fiscal Committee HH Sheikh Ahmed bin Saeed Al Maktoum.

“In line with Dubai’s vision to maintain its status as one of the world’s most important cultural and commercial centres, the planned expansion of both of the city’s airports is critically important, and our department is proud to play a vital role in their ongoing financing, just as we have with other similarly major projects,” said Director General, Department of Finance for the Government of Dubai (DOF) Abdulrahman Saleh Al Saleh.

Under the proposed financing arrangement, coordinated by DOF, Investment Corporation of Dubai (ICD) and Dubai Aviation City Corporation (DACC), the three parties will work jointly to raise financing from various liquidity sources, both conventional and Islamic. HSBC is acting as Financial Advisor.

We accept Guest Posts


DubaiCityGuide.com is owned and managed by Cyber Gear



  All fields are mandatory
Your Name
Email
City
Country
Your Comments
 Max 250 characters - Word Count :
Image Verification
Change Image

     
 
email print
 

Sponsored By : PressReleaseNetwork.com           Sponsored Opportunities

       
       
   
       

Hotels hotels Check out Hotels in Dubai
Shopping shopping A complete Mall & Store Guide
Dining dining Eating out at the coolest spots
Sightseeing sightseeing Things to see & do
DCG Recommends dcg recommends Best of the best in Entertainment
News Alerts
News Alerts
Stay ahead with dubai news
dcg mobile
dcg Mobile
With you wherever you go
rss feed
RSS Feeds
Get the latest
dubai blog
Dubai Blog
Your space, your voice
sitemap
Sitemap
DCG at a glance