Airports in the Middle East will need to invest $151 billion in capacity expansion as the global air passenger demand is expected to increase more than two-fold in 2040, according to the Airport Council International (ACI).
The CAPA - Centre for Aviation, has said there have been 425 major construction projects at existing airports, with US$450.7 billion in total committed expenditure globally, each of which is at various stages, from preparatory to about to conclude, along with 225 new airport projects and airport investor numbers swelling to 1074, including 258 airport operator groups or consortiums.
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