Airport industry to witness boom in the Gulf regionMay 27th, 2008 - 7:16 pm ICT by admin
Abu Dhabi, May 27 (IANS) A buoyant economy and rapid expansion of Gulf countries’ state-owned airlines are leading to a boom in the airport development industry in the Middle East, according to a survey, WAM news agency reported Tuesday. The survey, conducted by Streamline Marketing Group and organisers of the Dubai Airport Show, said that the projected increase in commercial air traffic and tourism to the region has been a major factor in prompting heavy government funding for such infrastructure projects.
With an expected budget surplus of $50 billion and a current account surplus of more than $100 billion for the six Gulf States alone, spending is set to continue over the medium to long term, it added.
“Some of the best airports in the world, with the latest airport technology, systems and security are being constructed in this region,” said Mohamed Al Bulooki, director of marketing and communications, Abu Dhabi Airports Company (ADAC).
“In fact, the Middle East and north Africa region will witness the largest growth in aviation industries in the world between 2008 and 2011 - almost 40 percent more growth than the global average,” he added.
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