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Article: GCC poised to attract $45bn investments by 2014.
- Article from:
- Khaleej Times (Dubai, United Arab Emirates)
- Article date:
- November 12, 2009
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Summary: The GCC civil aviation sector is poised to attract more than $45 billion (Dh165bn) in investments by 2014, according to a new research by Kuwait Financial Centre.
The UAE is well ahead of other GCC countries on this count, with its new Al Maktoum International Airport in Jebel AliAEs Dubai World Central development due to open in the middle of next year, and with the airport expected to increase the countryAEs capacity by an additional 120 million passengers.
There are currently more than $50bn worth of aviation infrastructure projects in the Middle East, planned to cater to rising passenger traffic and freight demand at regional airports. oWe ...