Gulf Corporation Council (GCC) plans (23-Oct-2011) to invest more than USD100 billion into aviation infrastructure over the next five years, according to the Kuwait Financial Centre's (Markaz) latest report. The report stated the current capacity utilisation in the GCC stood at more than 115%, with investment needed to cope with the predicted growth in passenger numbers. By 2020 Emirates, Qatar Airways, and Etihad will have the capacity to carry nearly 200 million passengers, four times their current capacity. [more - original PR]
GCC to invest more than USD100bn in airport infrastructure over next five years
You may also be interested in the following articles...
Havana Jose Marti International Airport: Exciting times and the opportunity to become a regional hub
As a result of the restoration of diplomatic relations between Cuba and the United States of America the US President Barack Obama visited Cuba in Mar-2016. In his speeches he placed heavy emphasis on youth, generational shift and the future (the main protagonist of the old guard, Fidel Castro, rejected Obama's visit and his words of reconciliation). This has whetted the appetite of airlines, airport operators, ATM providers and investors seeking opportunities there.
Indeed, and even though Cuba has long been receiving flights from many countries if not from the US (where only ‘special circumstances’ applied), it is possible to bracket these events with other similar outcomes in countries such as Iran and Myanmar. Suddenly, Cuba is ‘open for business’ in the eyes of the western world, but that might not quite be the case. There is a long way ahead and there is a lot to be done, with no guarantees.
This report, while dealing briefly with wider aviation and, indeed, economic issues arising out of the rapprochement, focuses on the country’s leading airport, Havana’s Jose Marti International - and how it stands to gain from these developments; particularly if it could become a regional hub.