ARN News Centre

UAE investment in airport infrastructure hits AED 1 trillion

Thursday, 9 January 2020 15:22

The UAE has so far invested AED 1 trillion into airport infrastructure developments.

That’s according to the Director-General of the General Civil Aviation Authority (GCAA), who says these investments span projects across the country and a fleet of 884 commercial aircraft.

Saif Mohammed Al Suwaidi has also stressed the need to inject more money in the sector in order to keep pace with the massive growth.

His comments came ahead of the Global Investment in Aviation Summit, which will be held in Dubai later this month.

More from Business

Dubai Chambers, Standard Chartered to support global expansion of local businesses

Dubai Chambers and Standard Chartered signed a Memorandum of Understanding (MoU) to enhance collaboration aimed at fostering the growth of UAE businesses and supporting their expansion into promising global markets.
OPEC+ postpones output policy meeting to December 5

The OPEC+ alliance of oil-producing countries has postponed its next meeting on output policy to December 5 from December 1 to avoid a conflict with another event, OPEC said on Thursday.
UAE, Philippines expand cooperation

The UAE and the Philippines have signed key agreements in several new areas of cooperation, including in culture, energy transition, AI, and diplomacy, during President Marcos’ working visit to the UAE this week.
Microsoft faces wide-ranging US antitrust probe

The US Federal Trade Commission has opened a broad antitrust investigation into Microsoft, including of its software licensing and cloud computing businesses, a source familiar with the matter said on Wednesday.
UAE President chairs ADNOC board meeting, approves $80 billion investment arm

The UAE's President His Highness Sheikh Mohamed bin Zayed Al Nahyan has chaired the annual meeting of the ADNOC Board of Directors.