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Expansion of Dubai’s Al Maktoum Airport delayed until 2018

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Plans to make Al Maktoum International Airport the biggest airport in the world have been pushed back by a year…

According to one of the airport’s operators, they would carry out the expansion plans in 2018. This is to allow enough time for trials and testing.

The news comes just days after Dubai received US$3billion worth of facility credit which will be used to expand and improve its airport facilities.

The deal, which saw HSBC bank act as a financial adviser, will see long-term funding go to two of the city’s main airports; Dubai International Airport (DXB) and Al Maktoum International Airport (DWC).

The move consists of a seven-year conventional loan worth US$1.63 billion and a seven-year ijara facility of US$1.48 billion.

This is the government’s first step to making DWC the city’s main airport, and with further funding it’s hoped that it will be able to serve up to 146 million passengers by 2025, as well as becoming the home of Emirates Airline.

Speaking on the news at the time, the Chairman of Dubai’s Supreme Fiscal Committee HH Sheikh Ahmed bin Saeed Al Maktoum said: “Dubai remains firmly committed to the development of the DWC and to the growth of the global aviation sector, and this initial US$3 billion transaction to support Dubai’s ambitious 2025 passenger capacity targets is testament to our belief.”

An official spokesperson for Dubai Airports added that they to aim to expand Al Maktoum further so that it would be able to handle 240 million passengers a year however, an exact date for doing so is yet to be released.

Until the first phase of its expansion kicks off next year the Al Maktoum International will continue to be Dubai’s second biggest airport after DXB International. It will also continue to serve up to 7 million people a year.

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