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Dubai secures $3 billion for airports expansion
2017/05/17

May 15, 2017
The Dubai government has secured a $3 billion in long-term financing for the expansion of its airports.

The expansion is one of 3 multi-billion dollar infrastructure projects that the Emirate is planning to fund through debt, together with the building of Dubai’s World Expo 2020 exhibition site and an extension of Dubai’s Metro system, says a report in Zawya.

The funding will be used for the expansion and development of Dubai International Airport and Al Maktoum International Airport, the emirate’s new airport being developed on the edge of Dubai, it said.

The facility signifies the first stage of a larger funding plan which will transform Al Maktoum International into the primary airport for Dubai, serving up to 146 million passengers by 2025, it said.

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