Taxis wait in a queue in front of the Terminal 1 at the Abu Dhabi International Airport.
Taxis wait in a queue in front of the Terminal 1 at the Abu Dhabi International Airport.

Terminal closer to take-off



Abu Dhabi International Airport has moved closer to starting construction on a long-delayed, multibillion-dollar terminal building.

Abu Dhabi Airports Company (ADAC) has released tender documents for a "midfield terminal", designed to become the home of Etihad Airways and more than 50 other airlines serving the airport later this decade.

The development is a major milestone for the airports company, which is tasked with rolling out the infrastructure needed to continue expanding the UAE capital's aviation industry. The project will also become one of the key construction contracts in the UAE following a slowdown of new building projects after the global downturn.

The midfield terminal building (MTB) has been in the planning stages for the past five years and issued an earlier tender, in 2008, only to later withdraw it. The building was then the subject of a thorough review enacted by the management of ADAC.

The 2008 tender was structured as a public-private partnership, in which contractors would shoulder some of the costs and risk of the project in return for a share of the operating revenues over the terminal's lifespan.

But following the due diligence study, ADAC officials said the new tender was structured as a traditional construction contract. "Abu Dhabi Airports Company is pleased to announce the release of the MTB tender," said Khalifa al Mazrouei, the chairman of ADAC.

The main terminal building will be 700,000 square metres and have an initial capacity of between 27 million and 30 million passengers a year.

The building will be one of the world's largest and will require an estimated 667,000 cubic metres of concrete.

It was designed by Kohn Pedersen Fox Associates of London in the shape of an "X". The central space of the terminal building could hold three full-sized football pitches and features a ceiling 52 metres high at one point.

The entire MTB project is estimated to cost between Dh20 billion (US$5.44bn) and Dh30bn, and is scheduled for completion by 2016.

It will accommodate 156 check-in counters, up to 65 boarding gates for aircraft as large as the Airbus A380 superjumbo, and up to eight airline lounges.

It will also feature a three-star transit hotel inside the complex with 163 rooms, an arrivals hotel within the grounds of the airport and a luxury hotel in the adjacent business park, ADAC said.

Piling works for the building have been completed, with a total of 7,425 piles, and the grading works for the east midfield are under way.

Other elements of the airports expansion include an already completed control tower and a second runway.

In the meantime, ADAC is planning a number of enhancements to create additional capacity to handle the growth of Etihad Airways, one of the world's fastest-growing carriers.

The company said in November it would spend Dh500 million to raise passenger handling capability at the airport by 75 per cent over the next two years.

"Etihad's growth has put enormous pressure on Abu Dhabi International Airport," Chris Youlten, the vice president of airport and network operations at Etihad, said last year.

"Before the Midfield opens we will manage, but the ribbon-cutting ceremony can't come early enough."

GRAN TURISMO

Director: Neill Blomkamp

Stars: David Harbour, Orlando Bloom, Archie Madekwe, Darren Barnet

Rating: 3/5

The years Ramadan fell in May

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1921

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Company Profile

Name: Raha
Started: 2022
Based: Kuwait/Saudi
Industry: Tech Logistics
Funding: $14 million
Investors: Soor Capital, eWTP Arabia Capital, Aujan Enterprises, Nox Management, Cedar Mundi Ventures
Number of employees: 166

The Mandalorian season 3 episode 1

Director: Rick Famuyiwa

Stars: Pedro Pascal and Katee Sackhoff

Rating: 4/5 

EMIRATES'S REVISED A350 DEPLOYMENT SCHEDULE

Edinburgh: November 4 (unchanged)

Bahrain: November 15 (from September 15); second daily service from January 1

Kuwait: November 15 (from September 16)

Mumbai: January 1 (from October 27)

Ahmedabad: January 1 (from October 27)

Colombo: January 2 (from January 1)

Muscat: March 1 (from December 1)

Lyon: March 1 (from December 1)

Bologna: March 1 (from December 1)

Source: Emirates

If you go

The flights

Fly direct to London from the UAE with Etihad, Emirates, British Airways or Virgin Atlantic from about Dh2,500 return including taxes. 

The hotel

Rooms at the convenient and art-conscious Andaz London Liverpool Street cost from £167 (Dh800) per night including taxes.

The tour

The Shoreditch Street Art Tour costs from £15 (Dh73) per person for approximately three hours. 

What went into the film

25 visual effects (VFX) studios

2,150 VFX shots in a film with 2,500 shots

1,000 VFX artists

3,000 technicians

10 Concept artists, 25 3D designers

New sound technology, named 4D SRL

 

All The Light We Cannot See

Creator: Steven Knight

Stars: Mark Ruffalo, Hugh Laurie, Aria Mia Loberti

Rating: 1/5 

Company profile: buybackbazaar.com

Name: buybackbazaar.com

Started: January 2018

Founder(s): Pishu Ganglani and Ricky Husaini

Based: Dubai

Sector: FinTech, micro finance

Initial investment: $1 million

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Duterte Harry: Fire and Fury in the Philippines
Jonathan Miller, Scribe Publications

COMPANY PROFILE

Company name: Klipit

Started: 2022

Founders: Venkat Reddy, Mohammed Al Bulooki, Bilal Merchant, Asif Ahmed, Ovais Merchant

Based: Dubai, UAE

Industry: Digital receipts, finance, blockchain

Funding: $4 million

Investors: Privately/self-funded

ROUTE TO TITLE

Round 1: Beat Leolia Jeanjean 6-1, 6-2
Round 2: Beat Naomi Osaka 7-6, 1-6, 7-5
Round 3: Beat Marie Bouzkova 6-4, 6-2
Round 4: Beat Anastasia Potapova 6-0, 6-0
Quarter-final: Beat Marketa Vondrousova 6-0, 6-2
Semi-final: Beat Coco Gauff 6-2, 6-4
Final: Beat Jasmine Paolini 6-2, 6-2

How to help

Donate towards food and a flight by transferring money to this registered charity's account.

Account name: Dar Al Ber Society

Account Number: 11 530 734

IBAN: AE 9805 000 000 000 11 530 734

Bank Name: Abu Dhabi Islamic Bank

To ensure that your contribution reaches these people, please send the copy of deposit/transfer receipt to: juhi.khan@daralber.ae

Inside Out 2

Director: Kelsey Mann

Starring: Amy Poehler, Maya Hawke, Ayo Edebiri

Rating: 4.5/5

COMPANY PROFILE

Name: Ejari
Based: Riyadh, Saudi Arabia
Founders: Yazeed Al Shamsi, Fahad Albedah, Mohammed Alkhelewy and Khalid Almunif
Sector: PropTech
Total funding: $1 million
Investors: Sanabil 500 Mena, Hambro Perks' Oryx Fund and angel investors
Number of employees: 8

COMPANY PROFILE

Name: Kinetic 7
Started: 2018
Founder: Rick Parish
Based: Abu Dhabi, UAE
Industry: Clean cooking
Funding: $10 million
Investors: Self-funded

Specs: 2024 McLaren Artura Spider

Engine: 3.0-litre twin-turbo V6 and electric motor
Max power: 700hp at 7,500rpm
Max torque: 720Nm at 2,250rpm
Transmission: Eight-speed dual-clutch auto
0-100km/h: 3.0sec
Top speed: 330kph
Price: From Dh1.14 million ($311,000)
On sale: Now

COMPANY PROFILE

Name: Xpanceo

Started: 2018

Founders: Roman Axelrod, Valentyn Volkov

Based: Dubai, UAE

Industry: Smart contact lenses, augmented/virtual reality

Funding: $40 million

Investor: Opportunity Venture (Asia)

TWISTERS

Director:+Lee+Isaac+Chung

Starring:+Glen+Powell,+Daisy+Edgar-Jones,+Anthony+Ramos

Rating:+2.5/5

A Cat, A Man, and Two Women
Junichiro
Tamizaki
Translated by Paul McCarthy
Daunt Books 

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Founders: Michele Ferrario, Nino Ulsamer and Freddy Lim
Started: established in 2016 and launched in July 2017
Based: Singapore, with offices in the UAE, Malaysia, Hong Kong, Thailand
Sector: FinTech, wealth management
Initial investment: $500,000 in seed round 1 in 2016; $2.2m in seed round 2 in 2017; $5m in series A round in 2018; $12m in series B round in 2019; $16m in series C round in 2020 and $25m in series D round in 2021
Current staff: more than 160 employees
Stage: series D 
Investors: EightRoads Ventures, Square Peg Capital, Sequoia Capital India

WHAT MACRO FACTORS ARE IMPACTING META TECH MARKETS?

• Looming global slowdown and recession in key economies

• Russia-Ukraine war

• Interest rate hikes and the rising cost of debt servicing

• Oil price volatility

• Persisting inflationary pressures

• Exchange rate fluctuations

• Shortage of labour/skills

• A resurgence of Covid?