The Government of Dubai has announced a $3bn financing deal to improve the capacity of its Dubai International Airport (DXB) and the new Al Maktoum International Airport (DWC) by 2025.

Following the completion of the investment, both the airports in Dubai will be able to handle up to 146m passengers in around ten years.

Dubai supreme fiscal committee chairman Sheikh Ahmed bin Saeed Al Maktoum said: “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 $3bn transaction to support Dubai’s ambitious 2025 passenger capacity targets is testament to our belief.”

Planned to be the primary airport for Dubai, the newly developed DWC will serve as a base for 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."

The other international airport of Dubai, DXB, served 78 million passengers in 2015, representing a 13% average compound annual growth rate since 2000.

Government of Dubai department of finance director general Abdulrahman Saleh Al Saleh said: “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.”

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Under the proposed financing arrangement, the Department of Finance (DOF), Investment Corporation of Dubai (ICD) and Dubai Aviation City (DACC) will work together to raise finance from various sources.

HSBC has been selected as financial advisor for the investment.

Image: Dubai supreme fiscal committee chairman Sheikh Ahmad bin Said Al Maktouum. Photo: courtesy of Government of Dubai Media Office.