We noticed you're blocking ads.

Keep supporting great journalism by turning off your ad blocker.

Questions about why you are seeing this? Contact us

Font Size

- Aa +

Thu 10 May 2018 01:51 PM

Font Size

- Aa +

Aviation projects worth nearly $50bn underway in the Gulf

New research says $12bn greenfield New Kuwait Airport is the largest under construction

Aviation projects worth nearly $50bn underway in the Gulf

Aviation projects worth almost $50 billion are under way in the Gulf, it has been revealed.

Among the 95 aviation projects listed in the GCC, which have a combined value of $49 billion, are the $12 billion greenfield New Kuwait Airport, and the $4.6 billion passenger terminal expansion at Kuwait International Airport (KWI).

The New Kuwait Airport, currently in the concept stage, and KWI's under-construction terminal expansion, are both due for completion in 2022, according to data released by BNC Network.

Of the 95 projects, 68 developments, worth $45 billion, are airport and terminal projects, while the remaining 27, valued at $3 billion, include hangar, runway, and ancillary facilities, the data, cited by Construction Week Online, showed.

The UAE's $2.94 billion Abu Dhabi International Airport's Midfield Terminal Building (MTB), and the $2 billion Phase 2 of Saudi Arabia's King Abdulaziz International Airport Expansion, are also among the GCC's largest aviation schemes.

Avin Gidwani, chief executive officer of BNC Network, said: "The expansion of airline fleet will put additional pressure on the region’s aviation infrastructure in the future.

"Therefore, the investment in airport capacity expansion, as well as the development of new airports, will help manage the future demand of air traffic.

"Dubai economy is a classic example and a textbook case of how aviation sector can make a significant difference in an economy."

Arabian Business digital magazine: read the latest edition online

For all the latest construction news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.