At a cost of $52,150/Dubai resident, emirate gambles on huge airport
June 24th, 2008 Posted in Regional NewsDubai, one of the seven emirates in the UAE, has a population of 1.6M. However, its government is willing to
bet big – $82B big – that its geographic location and timing are right to build the world’s largest airport. Doug McVitie of consultancy Arran Aerospace: “The Middle East is taking over the aerospace industry and Dubai is at the heart of it.” According to consultancy McKinsey, the Gulf economies need to create more than 4 million jobs over the next decade for its citizens. More than 350,000 new jobs could come from the aviation sector by 2015. Read this informative article by MarketWatch.com.
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