19 Apr The Airport Show in Dubai
The Centre for Aviation reports there have been 425 major construction projects at existing airports, with US$450.7 billion in total committed expenditure globally.
Operators and investors have been racing down the tarmac as the Middle East and Asia-Pacific regions are expected to account for 58% of the global air passenger demand in 2040.
Airports in the Middle East will need to invest US$151 billion in capacity expansion as the global air passenger demand is expected to increase more than two-fold in 2040, to over 1.1 billion passengers.
Speaking on the expected rise in demand, a spokesperson from the Airport Council International said: “This necessitates an investment totalling US$2.4 trillion for Middle East and Asia-Pacific airports until 2040 to accommodate this growth.”
The airport industry’s growth worldwide is in full swing, with new airports being built and existing facilities being expanded and upgraded to meet future passenger demands.
The energised enthusiasm of the industry will be further explored at the Airport Show in Dubai, from May 9th to May 11th.
The 22nd edition of the world’s largest annual airport industry B2B platform will connect over 200 aviation brands and 100+ buyers from over 30 airports and aviation authorities from 20 countries. Also taking place on the side-lines of the Airport Show is the Global Airport Leaders’ Forum (GALF).
The high profile show is expected to receive over 4,500 visitors from all over the world, looking at different regions and their future projects within their respective aviation industries. Saudi Arabian air authorities will discuss building one of the world’s largest airports, which will have six fully operational runways when completed.
The event is held under the patronage of His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of Dubai Civil Aviation Authority, Chairman of Dubai Airports and Chairman and Chief Executive of Emirates Airline and Group.