Dubai starts awarding contracts for Al Maktoum International; airport to be world largest
Dubai has begun issuing contracts for yli Makum International which when completed, will become the largest airport in the world.
"The contracts have been awarded and work did start after the go ahead about a year ago," said Sheikh Ahmed bin Saeed Al Makthoum, President of Dubai Civil Aviation Authority, the Dubai Airports, and the Emirates Airline and Group.
Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai gave the final OK for the airport, which is expected to have a total capacity of 260 million passengers.
Operation transfers as well as construction of Dh128 B Al Maktoum International (DWC) will take over Dubai International (DXB) which will convert to a “full absorption” model in 10 years. An announcement from the operator in charge of both airports stated “DXB will continue functions as the main service center to cater the requirements of over 100 million passengers plus guests.”
Commenting on these futuristic projects, Sheikh Ahmed said: “When talking about the size of these airports, we should factor into the equation the complexity tied to it. In Dubai, we have been engaging with teams of our two local airlines, airports and data and also other airlines that serve this area, and consolidating the plan that allows us to perfect every single detail for opening day.”
On the other hand, he added, “Twelve months is an approximate time we recommend for opening training sessions, due to the size (of the airport). Furthermore, for already existing terminals, the process in rest terminals translates to three to four months of initiation prepping for opening day Cheng. We don’t want any hiccups that day.”
Record profit, new order
“Another record year” for the Emirates Group in terms of interactions is anticipated by Sheikh Ahmed during his interview on Tuesday with the local media, projecting 2024 to 2025.
Last year, the Emirates Group broke all their financial records for the group profit surge which reached historic Dh18.7 billion, marking an increase of 71 percent compared to the previous year.
Dubai’s Emirates Groups latest financial report showed that due to the spike in customer spending across its businesses, there was an increase in revenue of 15 percent resulting in a 137.3 billion revenue mark.
Alongside this, the group also ended 2023-2024 with a record high cash balance of 47.1 billion. He mentioned we are fully content when it comes to our cash reserves for the airline.
Along with everything else he noted the airline did excellently with the hedging fuel deal as well.
On the topic of retrofitting the aircraft, he mentioned the world’s largest international carrier is retrofitting 90% of their fleet. I order to do this, he claimed “we have 261 aircraft, we have more than 300 on upwards set to come in new orders,” Showing the airlines potential to buy more from the planned orders at the Dubai Airshow anticipated later this year.
There will be some new announcements at the Dubai Airshow. We are thinking along those lines,” he explained.
'Business is as usual'
While answering the question regarding the global impact of the tariff conflict, Sheikh Ahmed articulated it is too soon for him to reach a conclusion at this very moment. Regardless, he insisted on remaining optimistic. I don't see it affecting business. Business is simply the way it used to be.”
He believes that some businesses and nations are currently moving cargo from port to port because of tariff related problems. “In his opinion, this anticipatory behavior makes sense as there’s nothing wrong with getting ahead. I remain positive that things will be understood and will be favorable by 2025. optimism 2025 clear good will be and I things.”
The chief of Emirates claimed that the airline is functioning “superbly in relation to the traffic and seat factor over the entire Emirates network, which is all parts of the world. The demand for flights continues to increase and I haven't noticed any reduction in the numbers so far.”
Responding to Sheikh’s comments on the impacts of geopolitical conflicts, airlines operate under the principle of “think fast and get it done.”
“Time and again the world will serve unrest, which requires continued monitoring.
Over the past few weeks, we are noticing this in the area and Europe. “You just simply need to cope with it,” he concluded.
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