Dubai’s new airport, Al Maktoum International, is now open with hopes to become the world’s busiest and largest in just 10 years.
High flying ambitions
The United Arab Emirate’s most flashy city state already gave the new airport the code DWC for Dubai World Central. The name illustrates Dubai’s vision of itself as a connecting point between east and west.
The airport’s construction and development is expected to cost over $32 billion. When finished, it will have five runways that would be able to handle 160 million passengers every year.
At the inauguration of the new passenger terminal, Dubai Airports chief executive Paul Griffiths estimated about 63% of that will be passengers in transit.
World’s largest hub
On Dubai’s gross domestic product, aviation amounts to 28%, some $22 billion yearly.
Much of the current revenue largely come from Dubai International Airport, which is the world’s fourth busiest terminal serving around 57 million passengers a year ago.
That airport, however, is expected to reach its full capacity of 90 million passengers by 2020.
The new airport is an attempt to hold the country’s edge in the market.
Griffiths said that Dubai’s ambition “is to be the world’s largest airport and the world’s largest hub.”