UAE’s Abu Dhabi Airports Company (ADAC) confirmed (05-May-2012) it is in discussions with a consortium comprised of TAV Insaat, Arabtec Holding and Consolidated Contractors Company for the construction contract for the Abu Dhabi International Airport midfield terminal complex. The consortium is the preferred bidder for the contract of six pre-qualified groups. The contractor for the new development is due to be officially announced in Jun-2012. Discussions will finalise all details of the contract prior to its signing. The USD3.2 billion complex will include a new 70,000sqm terminal with capacity to handle 30 million passengers p/a. The terminal is due to be operational by 2017. [more - original PR]
Abu Dhabi Airports Company announces preferred bidder for construction of midfield terminal building
You may also be interested in the following articles...
Middle East Fleet Report:Middle East is high on growth aircraft orders, mostly widebodies
The Middle East region has the highest ratio of in service to on order aircraft (1.0 to 0.94). For every one aircraft in service in Feb-2017 (1459) there is nearly one on order (1368). The Middle East has the fourth largest regional backlog, much lower than the 4600 aircraft on order in Asia Pacific and lower than the 2200 aircraft on order in each of North America and Europe. Unlike North America and Europe, most new aircraft in the Middle East are for growth, not replacement.
Emirates has multiple reasons for cutting back on US capacity
As the most conspicuous and largest, Emirates Airline often takes on its shoulders the increasingly difficult task of defending Gulf aviation. Emirates often single handedly represents the Gulf and "Middle East Big 3", in much the same way as Dubai carries regional geopolitics.
Just as there are significant differences between the Big 3 US airlines who have strenuously opposed the Gulf carriers in the US market, so Emirates is fundamentally different from its peers: it is longer established, has a larger home market and has had a more commercial mandate from the beginning.
Yet Emirates must compete in a market where many others would like a piece of that market. Just as Dubai Inc modelled itself in many ways on Singapore Inc, there are many who would follow the same trail. This does not lead to steady market conditions.
Certainly the policies of US President Trump have hurt aviation and tourism. But Emirates' announcement of a 19% reduction in services to the United States is less about US policies and more about the nature of the market forces that started before Trump was even a serious Presidential contender.