Emirates Airline to move to Al Maktoum International by 2025

Spotlight
January 2017


Al Maktoum International Airport will become Dubai’sprimary airport and home to Emirates Airline from 2025.

As part of a Dubai Government $3 billion airportfinance deal announced on Tuesday, Dubai’s two international airports are setfor a capacity-boosting expansion that will enable them to serve up to 146mpassengers by 2025.

Already, Dubai International Airport (DXB) is theworld’s largest international airport at 78 million passengers in 2015, with a13 per cent average compound annual growth rate since 2000. The new Al MaktoumInternational Airport (DWC) is planned to become the primary airport for Dubai,as well as the home to Emirates Airline from 2025.

Chairman of Dubai’s Supreme Fiscal Committee SheikhAhmed bin Saeed Al Maktoum said: “Dubai remains firmly committed to thedevelopment of the Al Maktoum International Airport and to the growth of theglobal aviation sector, and this initial $3 billion transaction to supportDubai’s ambitious 2025 passenger capacity targets is testament to our belief.”

Abdulrahman Saleh Al Saleh, Director General of theDepartment of Finance for the Government of Dubai (DOF), added: “The plannedexpansion of both of the city’s airports is critically important, and ourdepartment is proud to play a vital role in their ongoing financing, just as wehave with other similarly major projects.”

Under the proposed financing arrangement, coordinatedby DOF, Investment Corporation of Dubai (ICD) and Dubai Aviation CityCorporation (DACC), the three parties will work jointly to raise financing fromvarious liquidity sources, both conventional and Islamic.

HSBC is acting as financial advisor.

http://www.msn.com/en-ae/news/uae/emirates-airline-to-move-to-al-maktoum-international-by-2025/ar-AAjGmlI?li=BBqrVLO

November, 2017

Su Mo Tu We Th Fr Sa
1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30

OUR PARTNERS