THE Middle East's aviation sector is gearing up for a monumental leap forward, fuelled by two key trends: the revolutionary potential of Advanced Air Mobility (AAM) and the construction of colossal new airports.
Airports across the region which are already undergoing significant expansion to handle surging passenger numbers, with both Saudi Arabia and the UAE having confirmed plans to construct some of the world's largest airports - are being urged to adapt their plans for the imminent arrival of AAM vehicles by the Airports Council International (ACI) Asia-Pacific & Middle East, which addressed a recent aviation conference in Riyadh (see page 27).
According to the recently published ACI Asia-Pacific and Middle East Air Connectivity Ranking 2023, the Middle East is experiencing a steady growth in air connectivity and recommends meeting current and future demand by building new airport infrastructure.
The Asia Pacific region accounts for more than 70 per cent of the investment in airport infrastructure, with the global figure standing at 225 new airport projects. According to a CAPA report, 425 major construction projects are under way at existing airports worldwide, with $450 billion in investments.
There were 1,074 airport investors, of which 258 were airport operators, groups or consortiums. About 68 per cent of all projects were based on terminals, either expansions or new developments. A report has disclosed that the global airport construction market grew to $1.14 trillion in 2023 and would reach $1.8 trillion by 2030.
With the civil aviation industry almost fully recovered after the steepest fall in passenger numbers due to the Covid-19 pandemic, airports across the world are bracing themselves to handle a big boom in air travel until 2030 by going in for expansions and redevelopments.
Bu hikaye Gulf Construction dergisinin July 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Gulf Construction dergisinin July 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
Kleindienst marks topping out of Artist Hotel
KLEINDIENST Group, a leading global business conglomerate and master developer behind The Heart of Europe on Dubai's World Islands, has achieved a major construction milestone with the topping out of The Artist Hotel, an innovative luxury hub designed for global artists.
Select awards contract for $1bn Dubai Marina project
SELECT Group, a leading real estate developer, has announced that it had awarded Arabian Construction Company (ACC) the construction contract for its iconic ultra-luxury development, Six Senses Residences Dubai Marina, with a gross development value of over $1 billion.
Amaal to make debut with lifestyle-led Dubai project
AMAAL, a pioneering real estate developer powered by Ayana Holding, has announced the launch of its debut development, Amaal 8, a high-rise residential project featuring 512 residences spread across 48 levels.
Damac unveils wellness-focused Sun City
DAMAC Properties has announced the launch of its fifth master community, Damac Sun City, in Dubailand, which will offer a unique blend of wellness-focused living, nature, and modern luxury benefitting physical, mental, and overall resident well-being.
Alef Group launches $681m residential project
ALEF Group, a leading real estate development company in Sharjah, has announced the launch of its latest residential project, Olfah.
Union Properties launches 'Takaya' in Motor City
UNION Properties has launched its AED2-billion ($540 million) Takaya, a mixed-use project being constructed over a 436,175-sq-ft area in Motor City, overlooking the Dubai Autodrome.
Dubai's ruler approves new masterplan for Expo City
HH SHEIKH Mohammed bin Rashid AI Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved a new masterplan for Expo City Dubai outlining its role in spearheading the emirate's future development and enhancing its global stature.
Nakheel awards $1.4bn deals for Palm Jebel Ali villas
NAKHEEL, a member of Dubai Holding Real Estate, has awarded three major contracts, collectively valued at more than AED5 billion ($1.4 billion) for the development of luxurious beach and coral collection villas on the first six fronds of Palm Jebel Ali in Dubai.
Arada announces $1.36bn three-tower development
SHARJAH developer Arada has announced the launch of W Residences at Dubai Harbour, a three-tower luxury seafront development with a world-class array of amenities located in the heart of one of Dubai's most popular and in-demand districts.
JCV hosts successful trucks expo in Abha
JUFFALI Commercial Vehicles (JCV), a leading provider of logistics solutions in Saudi Arabia, recently held a highly successful Truck Solutions Exhibition in Abha.