ME airport construction spend to top $100bn
Dubai, February 23, 2011
The region’s investments in airport construction are projected to touch over $100 billion, according to the organisers of the Airport Show 2011, which is scheduled to be held from May 31 to June 2 in Dubai.
The Airport Show is dedicated to airport construction, operations, technology and services.
“The Airport Show has always remained the region’s leading event under which major industry players convene to showcase their latest portfolio and tap into the opportunities offered in region,” said Mohamad Bader-Eddin, show director, ReedExhibitions Middle East, the organiser of the event.
Airport Show 2011 will host suppliers of equipment and services covering all areas of airport development and operations under one roof, offering a one-stop platform that caters to the needs of airports in the region. It will feature solutions in security, ground support equipment, supply, airport revenue management, design and build, technology, air traffic management, as well as operations, training and recruitment.
According to the Middle East Airport Security Market Assessment Report, safety and security remains an important focus that grows in parallel with the ongoing airport construction activity witnessed in the region. The study has estimated the region accounts for 14.4 per cent of the global critical infrastructure protection market. Spending in the Middle East on security-related equipment and service is also set to increase to Dh212 million ($57.7 million) by 2015, according to the research.
As per the seventh Airline IT Trends Survey, the outlook for 2011 remains positive with 78 per cent of airports expecting their budgets to stay the same or increase. Asia-Pacific, the Middle East and Africa are projected to be the strongest growth sectors.
The upcoming edition of Airport Show 2011 will offer a combination of high quality networking and business development opportunities through a series of roundtable discussions, innovation and project seminars. In addition, a hosted buyer programme will serve as one of the highlights of the event.-TradeArabia News Service