Dubai aims to be one of the world's most important air hubs
- United Arab Emirates: Sunday, October 28 - 2007 at 13:57
- PRESS RELEASE
Dubai is investing Dh300bn to make the emirate one of the world's most important air hubs, says The Report: Dubai 2007, published by Oxford Business Group, the prestigious UK-based publishing, research and consultancy services organization.
Some 28.6m people passed through the airport in 2006, but the Dubai government is not content with what it sees as modest figures.
DIA is being adjusted to handle the new Airbus A380 and Emirates, Dubai's flagship airline, which has 47 of the aircraft on order - it is the single largest customer for the world's largest airliner - will in a few years time be a likely candidate as the world's largest airline.
An assessment of the emirate's aviation policies is given by Sir Richard Branson, Chairman of Virgin Group, who told The Report, due out at the end of October: "Like other airlines, the open-skies policy from the UAE is key to our operation.
"It has been instrumental in encouraging rapid development in Dubai and can bring real benefits to consumers in the UAE by offering a wide choice of carriers to fly with and value for money with competitive fares."
He confirmed: "Dubai is now the second busiest long-haul route out of London Heathrow."
"The route is attractive for both business and leisure passengers, which forms a key part of our future business strategy.
"We are pleased with the performance on the route since it started in March 2006. With a daily service, we flew over 135,000 passengers in our first year.
"We are also appointing passenger sales agents in Qatar, Bahrain and Kuwait, and we already have a general sales agent in Oman."
He added: "Whenever we add new destinations, we like to look for opportunities for other Virgin companies.
"Virgin Atlantic has proven to be a great platform for further investment in the past - South Africa being a perfect example of this - and I'm sure this will be the case in Dubai in the future.
"We are currently reviewing a range of opportunities across all sectors.
"I have visited Dubai many times in recent years, and I've been so impressed with its commitment and innovative approach to further developments.
"I have always considered that Dubai and Virgin Atlantic are very similar in their outlook - both looking to anticipate the future and prepare for it but also always looking at new and exciting ways of doing things."
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Oxford Business Group (OBG) is a UK-based publishing, research and consultancy services organisation. OBG publishes economic and political intelligence on the markets of The Middle East, Eastern Europe, North and South Africa, and Asia. Through its range of print and online products, OBG offers comprehensive and accurate analysis of political, macroeconomic and sectoral developments, including banking, capital markets, energy, infrastructure, industry and insurance.
Written by a team of seasoned analysts, based on the ground for six months, the critically acclaimed series of economic, political and business reports have become the leading source of intelligence on the rapidly developing countries in the regions they cover. OBG's online economic briefings provide up-to-date in-depth analysis on the issues that matter for thousands of subscribers worldwide. OBG's consultancy arm offers tailor-made market intelligence and advice to firms currently operating in these markets and those looking to enter them.
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Posted by Anne-Birte Stensgaard, Senior News Editor



