Tahnoon Saif, Executive Director of Mohammed Bin Rashid Aviation, said that the current investments in the project amount to 2.5 billion dirhams, invested by «Dubai South» and the private sector, expecting to invest another 500 million dirhams during the coming period to complete the first phase, bringing Total investments to AED 3 billion in 2021.
Saif said in a press statement on the sidelines of the Dubai Airshow 2019, which kicked off yesterday, that the completion rate in the first phase of the project «Mohammed bin Rashid Aviation» reached 35%, in terms of facilities and infrastructure that have been established.
He explained that the occupancy rate of units and facilities in the region up to 90%, pointing out that talks are underway with two large companies to start their work in the project during the coming period.
Saif pointed out that the project is a direct gateway to enable the aviation sector in the promising markets in the Middle East and beyond, pointing out that the project provides a value chain for the aviation sector, supported by competitive elements, most notably world-class infrastructure, to enable private jets to take advantage of the strategic location of the Emirate of Dubai, as a link Connected the main markets regionally and globally.
He added that the project includes an integrated commercial area to serve business travelers and owners of private aircraft, through the private aviation building that provides the best services and conforming to the highest international standards, pointing out that the aviation sector also benefits from a wide portfolio of specialized services and facilities, including a facility to provide aircraft Refueling and catering services and aircraft maintenance centers.
He said that the private aviation facilities within the Mohammed Bin Rashid Aviation project currently accommodate more than 70% of the private jet traffic in Dubai to reach 100% in the next three years, adding that six hangars are being developed. Completed by the end of next year.
Saif explained that the aircraft maintenance centers were designed to enhance the aviation sector activities through a range of services at the Al Maktoum International Airport and Free Zone, which includes land with ready infrastructure, large industrial units and small workshops.
He added that these facilities provide aircraft parking that can accommodate all types of aircraft, as these facilities are connected to the main runway at Al Maktoum International Airport, while the maintenance, repair and renovation area is scheduled to launch light maintenance units and a helicopter maintenance center.
Mohammed bin Rashid Aviation project, Tahnoon Saif, said that the Mohammed Bin Rashid Aviation project has established a dedicated area for the training and training of pilots, professionals and maintenance technicians near Emirates Pilot Training Academy to attract simulation centers, academic universities and vocational training and research institutions. In aviation and logistics, including training of aircraft crew.
He added that an area of offices and shops is being established near the private aviation building, where aircraft management companies, air services companies, financial and legal companies, insurance companies and other companies involved in the aviation sector can establish headquarters or branches and benefit from the advantages of the free zone.
Of aircraft traffic
Accommodated by facilities