Dubai South expected to make major contribution to Dubai’s economy

Posted: 24-Dec-16 11:10

Officials involved with Dubai's Dubai South project have noted that the project will make a significant contribution towards the Emirate's economy. The city, which will be home to the world's largest airport, will be able to sustain a population of up to one million people and it is expected to generate up to 500,000 jobs.

Dubai South expected to make major contribution to Dubai’s economy

Speaking at the recently held “Meet the CEO” event, Khalifa Al Zaffin the Executive Chairman of Dubai Aviation City Corporation and the Dubai South project highlighted the contribution that the Dubai South mega project was expected to make to the Emirate’s economy. Al Zaffin noted that the city is expected to sustain a population of up to one million people and the project, on completion, will generate as many as 500,000 jobs. Property investment in the city is already said to have surpassed expectations with demand outpacing supply by 200 per cent.

Much of the city’s success is hinged on the development of the Al Maktoum International Airport, which is on track to be the world’s largest airport.

Dubai South’s Al Maktoum International Airport is expected to be able to handle approximately 130 million passengers by 2025 in addition to a having a cargo terminal capable of handling 12 million tons per year. Reportedly, international aviation companies are expected to make the move from Dubai Airport to Al Maktoum International Airport by the end of 2017 and notably, Flydubai is expected to begin its operations from the airport in the first quarter of 2018.

Monday 18th December 2016 marked the official launch of the VIP terminal at the Al Maktoum airport. The facility spans over 5,600 square meters and will cater exclusively to private, business and government VIP travellers. Speaking at the opening ceremony, Shaikh Ahmad Bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group stated:

“The launch of the VIP terminal at Dubai South’s Aviation District is yet another significant step towards realising Dubai’s vision of becoming the aviation capital of the world. With the opening of the world’s largest facility for private aviation, Dubai South has raised the bar on luxury travel."

With aviation at its heart, the Dubai South project is a major step for the Emirate towards achieving its goal of a diversified, sustainable economy. Currently, the aviation sector makes a 28 per cent contribution to Dubai’s GDP, this figure is expected to rise to 35 per cent by 2021.

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