24-Oct-2011 12:40 PM

GCC to invest more than USD100bn in airport infrastructure over next five years

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]