Mar 22 2008 |
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$68b Mena airport expansion under way
Airport development in the Middle East, Africa and South Asia has reached a new high, with projects and expansions across the region now valued at over $68 billion.The Gulf countries account for $43 billion of this growth with $21 billion worth of development now underway in the United Arab Emirates. Other important airport developments in the region include Bahrain International Airport at $815 million, Kuwait International Airport $2.1 billion and Queen Alia International Airport , Jordan at $600 million.
Bahrain last week also unveiled plans for a major BD300 million expansion of Bahrain International Airport 's passenger terminal, revising the earlier estimate of BD126 million owing to soaring material costs.
Bahrain Airport Company said that the proposed Passenger Terminal Expansion Project would concentrate on expanding the terminal capacity to meet the country's air transportation requirements for the next two decades.
The airport's existing terminal was handling more than seven million passengers a year at an average annual passenger growth of 9 per cent and an average annual cargo growth of 7 per cent.
The pattern of regional airport expansion fueled by strong economic growth and increased passenger traffic was revealed in research conducted by Streamline Marketing Group, organisers of the Airport Expo Dubai - largest airport construction, operations, technology and services show - from June 2 to 4.
The figures highlight a massive phase of airport construction and expansion through the Gulf countries, and in Jordan, Iraq, India, Sri Lanka and across the African continent.
Heading the list at $10 billion is the new Al Maktoum International Airport at Jebel Ali, UAE to become the largest airport in the world and handling 120 million passengers annually followed by the development of Abu Dhabi International Airport at $6.8 billion and Qatar's $5.5 billion New Doha International Airport.
Other major developments include Saudi Arabia's King Abdul Aziz , Madinah and Tabuk Airports at a total cost of $11.3 billion, along with the modernisation of smaller airports in India at $4 billion, and further projects worth $3.5 billion and $2 billion respectively in Libya and Baghdad.
"The Gulf region alone now has airport developments and expansions worth in excess of $43 billion underway," said Nick Webb, director of Streamline Marketing Group.
The Africa airport developments include Egypt ( Cairo International Airport and other airports) at a cost of $850 million, Morocco ( Mohammed V International & Benslimane Airports) $565 million, South Africa (Tambo and Johannesburg International Airports and other regional development) $725 million, New Khartoum International Airport, Sudan $530 million and Tunisia (Enfidha and Monastir Airports) worth $532 million.
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