UAE’s airport infrastructure investments hit $272.25bn

The UAE’s General Civil Aviation Authority (GCAA) has revealed that the nation has invested $272bn in airport infrastructure development projects until now, with investments covering projects across the country and a fleet of 884 commercial aircrafts.

Commenting on the growth in the aviation sector, the director-general of the GCAA, Saif Mohammed Al Suwaidi, said: “I believe there is a need to inject more money in order to keep pace with massive and successive developments in the sector.”

The aviation sector is experiencing growth in air transport, airport construction, and airport expansions, leading to the growth of regional and global economies, particularly in the Asia-Pacific region and the Middle East, according to state news agency, Wam.

Source: www.constructionweekonline.com

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5:15 am January 10, 2020

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