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Dubai sponsors US$3 billion airports financing deal to enlarge global role
DUBAI's two international airports are set for a capacity-boosting, capital expenditure-fueled expansion that will enable them to serve up to 146 million passengers by 2025, due in large part to a proposed initial US$3 billion financing transaction announced by the government.
Already, Dubai International Airport (DXB) is the world's largest international airport at 78 million\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," said Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai's Supreme Fiscal Committee.
Already, Dubai International Airport (DXB) is the world's largest international airport at 78 million\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," said Sheikh Ahmed bin Saeed Al Maktoum, chairman of Dubai's Supreme Fiscal Committee.
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