Dubai – Masaader News
Dubai will host the first Global Investment in Aviation Summit, GIAS, – a major aviation conference – to be attended by the world’s 500 top aviation investors, as the UAE emerges as the region’s biggest aviation hubs.
The high-profile delegates from 40 countries will include 20 aviation ambassadors, ten knowledge partners, 200 aviation officials and 300 investors brainstorming throughout the three days.
The three-day aviation investment conference will take place as the UAE authorities are investing AED85 billion (US$23.16 billion) in airport development and expansion that will see its airports handle develop combined capacity to handle more than 300 million passengers per year.
These include AED30 billion ($8 billion) in developing Al Maktoum International Airport, AED28 billion ($7.6 billion) expansion of the Phase IV of Dubai International Airport, AED25 billion ($6.8 billion) re-development and expansion of Abu Dhabi International Airport – many of which are supported by the banks and financial institutions. In addition Sharjah International Airport is also undergoing a AED1.5 billion investment in expansion of its terminal.