Skip to content
Subscriber Only

Dubai’s $36 Billion Plan to Build the World’s Biggest Airport

  • Emirate developing Al Maktoum International in south of city
  • Spending is said to need significant future debt funding
City skyscrapers stand near the coast beyond the tip of the Burj Al Arab luxury hotel.

City skyscrapers stand near the coast beyond the tip of the Burj Al Arab luxury hotel.

Photographer: Chris Ratcliffe/Bloomberg
Updated on

Dubai aims to spend $35.7 billion to develop its second airport and logistics hub in the south of the city and is likely to rely on debt for a significant part of the financing, two people with knowledge of the plan said.

The investments will be made in Dubai World Central and associated facilities, including Al Maktoum International airport, over the next 12 years, the people said, asking not to be identified because the information isn’t public. The spending plan is outlined in documents inviting banks to bid for a $3 billion loan the government is seeking to raise for initial expansion, the people said. HSBC Holdings Plc is the financial adviser on the loan.