13th October 2013
According to a study published for the Airport Show 2013, the GCC airports are expected to handle as much as 250 million passengers by 2020, while Dubai is set to become the world’s busiest airport by 2015. It is also estimated that Middle East will have the third-fastest passenger growth rate of 6.6 per cent by 2016. To facilitate this huge traffic movement, airports in the GCC as well as the wider Middle East countries are either undergoing massive expansion or the countries have commenced construction or announced plans for new airport developments.[..]
8th October 2013Dubai developer Nakheel will restart work on part of one of the three palm-shaped islands that came to symbolise the excesses of the emirate's boom years, the company chairman said, in a sign Dubai is bouncing back from its financial crisis, reported Reuters.
Nakheel will change the manmade island group's name to Deira Island from Palm Deira, chairman Ali Rashid Lootah told reporters on the sidelines of Dubai's property exhibition show Cityscape.[..]