Dubai’s urban master developer, Dubai South, has announced plans for the Al Maktoum International Airport to become the world’s largest airport upon completion.
The development, valued at AED120 billion ($33 billion), was launched in 2010 for cargo operations and in 2013 for passengers, with a projected capacity of up to 255 million passengers annually by 2050.
The initial phase, expected to be finished by 2030, will increase its capacity to 130 million passengers per year.
Read more: Over 11.48 mn more passengers in UAE airports in Q1
The project will cover an area of 56 square kilometers and provide a diverse range of residential options within a business-friendly free zone.
The COVID-19 pandemic had led to a suspension of the Al Maktoum International Airport project, but preparations are underway to resume it. Talks are currently ongoing to restart the project, which would significantly boost Dubai’s economy.
The airport’s expansion prospects have improved with Dubai International handling 66.1 million passengers in 2022.
Moreover, the project includes a $2.7 billion substructure contract for Concourse 1 and the West Terminal building, which will comprise various facilities such as tunnels, baggage handling systems, road networks, and support facilities.
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