Over the past 40 years Dubai has grown from a small trading port serving the Gulf States to a global hub for trade, manufacturing and logistics. Just 6% of the total revenue of Dubai is now derived from hydrocarbons while the manufacturing, transport and logistics sectors combined are the largest contributors to Dubai’s GDP, accounting for around 30% of all income.
Dubai’s position as a global logistics and manufacturing hub is aided by its locational advantages, its aviation and port infrastructure and supporting legislation. It is now home to the busiest international airport in the world, handling around 78 million passengers annually, with the number forecast to exceed 100 million by 2020. In order to allay congestion concerns, “Al Maktoum International” (AMI) the second airport has already been built and although already partially operational, the USD 32 billion expansion is expected to be completed in two phases over the next 6 to 8 years. AMI is already one of the world’s 20 busiest international cargo airports and upon completion it will be the biggest airport in the world, capable of handling 200 million passengers per annum.
Source : Core Savills