The $40 billion new state-of-the-art Dubai airport complex will be financed through a private and government investment partnership, Dubai Airports chief executive officer Paul Griffith said recently.
“A large amount of the depreciation of the assets will be met from the revenue we generate,” he said in an interview in The Report: Dubai 2008, the latest edition of the authoritative business guide to be published by Oxford Business Group (OBG) publishing, research and consultancy firm.
He also outlined the development and financing of Dubai World Central project.
“As we expand and grow, clearly our income is going to increase and our ability to finance the new airport is going to be greater,” he said.
“That said, the government is intrinsically involved in the financial model of the development of Dubai World Central and a lot of the additional activity that will take place around the airport will help support that investment.”
AL MAJLIS VIP FACILITY
Dubai Airports recently inaugurated its all new Al Majlis VIP facility at Dubai International along with the new brand identity for the dedicated facility, and its wide range of upgraded services.
Located close to Dubai International’s Terminal 3, the nearly 3,400 sq m new Al Majlis VIP facility offers exclusive services for affluent travellers.
Commenting on the launch Huraiz Bin Huraiz, vice president of Commercial Unit at Dubai Airports, said, “The number of customers we serve at Al Majlis has been increasing at an average annual rate of almost 15 per cent. We served nearly 70,000 customers in 2007 and achieved sales revenues in excess of Dh33.13 million. This year we expect to serve 85,000 customers.”