Dubai Halts Mega-Airport Project as Gulf Economies Stumble - Bloomberg:
Work on Dubai’s Al Maktoum Airport, designed to be one of the world’s biggest with an annual capacity of more than 250 million passengers, is on hold as Gulf Arab economies falter, people familiar with the matter said.
Construction activity has been halted and finances for expansion frozen until further notice, according to the people, who asked not to be named due to the sensitivity of the topic.
The completion date for the first phase of the airport, envisaged as a $36 billion super-hub allowing local airline Emirates to consolidate its position as the world’s No. 1 long-haul carrier, had already been pushed back five years to 2030 in October.
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