Dubai is planning to open at Al Maktoum International Airport by 2020 a passenger terminal capable of handing 80 million passengers a year.
More Business news: Editor's pick of today's headlines
Last Updated: May 24, 2011
Torch buyers upset at changes A group of buyers in the world's tallest residential tower are in a dispute with the developer. Read article
Abu Dhabi aims to build new motorway The bidding process has begun for a second major expressway to link Abu Dhabi and Dubai. Read article
Industry Insights // Dubai's Swiss Cheese 0-14 building proves to be eco-friendly The 0-14 tower in Dubai's Business Bay was designed to stand out, but it's surprised its own architects by proving to be an energy-saving phenomenon. Read article
LinkedIn sparkles but may flatter to deceive LinkedIn debuted on the New York Stock exchange last week, but is it worth the share price? Read article
[ Back to business ]
The terminal in Jebel Ali could mark the beginning of a migration of more than 130 airlines that currently serve Dubai's existing air hub, Dubai International Airport in Deira.
Rashed Bu Qara'a, the chief operating officer of Dubai World Central, the master developer behind Al Maktoum International, said his company could spend several years planning the next phase of Al Maktoum airport before proceeding with the project.
The airport entered service last year with the inauguration of cargo flights. This will be followed by business aviation, and commercial passenger flights are to begin next year. "The second phase is being designed now. After design, we will start the next phase … an 80 million passenger [a year] terminal," Mr Bu Qara'a said at an economics workshop in Dubai on the "aerotropolis" concept of cities built around airports.
The second phase would also include a cargo-handling capability of 10 million tonnes a year. By contrast, under phase one, Al Maktoum International was designed to handle 250,000 tonnes of cargo and 5 million passengers a year.
The new airport is the centrepiece of the US$33 billion (Dh121.1bn) Dubai World Central master development, which is intended to establish Dubai as one of the world's most important centres of trade, logistics and commerce. In addition to five runways and millions of square metres of terminals and warehouses, Dubai World Central's plans include residential and office space, manufacturing zones and golf courses.
Until the next phase proceeds, much of Dubai's aviation industry will be concentrated around Dubai International.
Dubai Airports, the operator of the emirate's civil aviation assets, is investing heavily in Dubai International to maximise its efficiency and make way for continued growth through the decade. The operator believes Dubai International's growth rates will make it the world's top airport for international passenger traffic by 2015 and take it to 98.5 million passengers annually by 2020.
[ igale@thenational.ae ]
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
Abu Dhabi Equestrian Club race card
5pm: Abu Dhabi Fillies Classic (PA) Prestige; Dh110,000; 1,400m
5.30pm: Abu Dhabi Colts Classic (PA) Prestige; Dh110,000; 1,400m
6pm: Maiden (PA); Dh80,000; 1,600m
6.30pm: Abu Dhabi Championship (PA) Listed; Dh180,000; 1,600m
7pm: Wathba Stallions Cup (PA) Handicap; Dh70,000; 2,200m
7.30pm: Handicap (PA); Dh100,000; 2,400m
KEY DATES IN AMAZON'S HISTORY
July 5, 1994: Jeff Bezos founds Cadabra Inc, which would later be renamed to Amazon.com, because his lawyer misheard the name as 'cadaver'. In its earliest days, the bookstore operated out of a rented garage in Bellevue, Washington
July 16, 1995: Amazon formally opens as an online bookseller. Fluid Concepts and Creative Analogies: Computer Models of the Fundamental Mechanisms of Thought becomes the first item sold on Amazon
1997: Amazon goes public at $18 a share, which has grown about 1,000 per cent at present. Its highest closing price was $197.85 on June 27, 2024
1998: Amazon acquires IMDb, its first major acquisition. It also starts selling CDs and DVDs
2000: Amazon Marketplace opens, allowing people to sell items on the website
2002: Amazon forms what would become Amazon Web Services, opening the Amazon.com platform to all developers. The cloud unit would follow in 2006
2003: Amazon turns in an annual profit of $75 million, the first time it ended a year in the black
2005: Amazon Prime is introduced, its first-ever subscription service that offered US customers free two-day shipping for $79 a year
2006: Amazon Unbox is unveiled, the company's video service that would later morph into Amazon Instant Video and, ultimately, Amazon Video
2007: Amazon's first hardware product, the Kindle e-reader, is introduced; the Fire TV and Fire Phone would come in 2014. Grocery service Amazon Fresh is also started
2009: Amazon introduces Amazon Basics, its in-house label for a variety of products
2010: The foundations for Amazon Studios were laid. Its first original streaming content debuted in 2013
2011: The Amazon Appstore for Google's Android is launched. It is still unavailable on Apple's iOS
2014: The Amazon Echo is launched, a speaker that acts as a personal digital assistant powered by Alexa
2017: Amazon acquires Whole Foods for $13.7 billion, its biggest acquisition
2018: Amazon's market cap briefly crosses the $1 trillion mark, making it, at the time, only the third company to achieve that milestone
Previous men's records
- 2:01:39: Eliud Kipchoge (KEN) on 16/9/19 in Berlin
- 2:02:57: Dennis Kimetto (KEN) on 28/09/2014 in Berlin
- 2:03:23: Wilson Kipsang (KEN) on 29/09/2013 in Berlin
- 2:03:38: Patrick Makau (KEN) on 25/09/2011 in Berlin
- 2:03:59: Haile Gebreselassie (ETH) on 28/09/2008 in Berlin
- 2:04:26: Haile Gebreselassie (ETH) on 30/09/2007 in Berlin
- 2:04:55: Paul Tergat (KEN) on 28/09/2003 in Berlin
- 2:05:38: Khalid Khannouchi (USA) 14/04/2002 in London
- 2:05:42: Khalid Khannouchi (USA) 24/10/1999 in Chicago
- 2:06:05: Ronaldo da Costa (BRA) 20/09/1998 in Berlin
Engine: 4-litre twin-turbo V8
Transmission: 8-speed auto
Power: 470hp, 338kW
Torque: 620Nm
Price: From Dh491,500 (estimate)
On sale: now