NYC777
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Dubai World Central Airport

Sat Sep 23, 2006 6:23 am

Hi all I was just reading about the new Dubai World Central International Airport (quite a name) in FI and had a coupld of questions.

I was just wondering what it's status is and is it still schedule to open? What will happen to DXB after the new airport is completed and when will the airport be fully completed? Thanks in advance!
That which does not kill me makes me stronger.
 
tayaramecanici
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RE: Dubai World Central Airport

Sat Sep 23, 2006 7:46 am

I like the name ''World Central'' as though implying .......... They have placed a few earth moving eqpt in JBX area, no idea about the time schedule, i guess you'll hear more about it during the next DXB Airshow. Right now Dubai Civil Aviation is trying to play catch up with the projects underway at the present airport i.e. 2nd Concourse, Terminal 3 etc etc. Apparently they have a capex of $3b on the present airport.
Your guess is as good as mine as to time frame for DXB to recoup its investment from the present airport. Now that oil is sliding towards the $50/barrel mark, the state budgets will start straining soon.........
''You are as good as your nearest competitor'' Bob Crandall.
 
Marco
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RE: Dubai World Central Airport

Sat Sep 23, 2006 7:50 am

that oil is sliding towards the $50/barrel mark, the state budgets will start straining soon.........

It's not like Dubai is dependant on oil anyway!
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mainMAN
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RE: Dubai World Central Airport

Sat Sep 23, 2006 8:01 am

Quoting NYC777 (Thread starter):
Dubai World Central International Airport (quite a name)

Slightly arrogant, over-stated and just a little bit narcissistic. It's a bit common Wink
 
tayaramecanici
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RE: Dubai World Central Airport

Sat Sep 23, 2006 8:29 am

Quoting Marco (Reply 2):
It's not like Dubai is dependant on oil anyway!

May be not directly but indirectly yes. Most of the Real estate projects floated by dubai in the last 5yrs targeted the oil fortunes of other gulf states i.e. Saudis, Kuwaitis and Abudhabians. With oil sliding these projects will be put on hold creating a cash flow issue for dubai. This money would have normally landed in Marbella, Florida, Vegas or Monaco. The supply of excess cash from oil bonanza now in doubt, once again, these Sheikhs will undoubtedly return back to the more traditional markets, irrespective of what the US or the POPE has to say about religion.
''You are as good as your nearest competitor'' Bob Crandall.
 
Marco
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RE: Dubai World Central Airport

Sat Sep 23, 2006 8:36 am

The ironic thing is that the major buyers of the new real estate projects in the "new Dubai"; the greens, palm projects, Arabian canals, etc are British, locals, Iranians, Russians, Indians, Pakistani's, and Khaleeji's (Gulf citizens) ... so while I am not disagreeing with you I think people overvalue the impact of oil prices on Dubai's development!
Proud to be an Assyrian!
 
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lightsaber
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RE: Dubai World Central Airport

Sat Sep 23, 2006 9:02 am

Quoting MainMAN (Reply 3):
Quoting NYC777 (Thread starter):
Dubai World Central International Airport (quite a name)

Slightly arrogant, over-stated and just a little bit narcissistic. It's a bit common

World central? Add Bombastic... and lacking enough bling to get one's attention.  Wink

While I like the 6 runway design, I'm actually perplexed why they didn't plan on more runways. No... I haven't been drinking, why do you ask...  Wink Ok, six runways will handle all future growth if one assume 4 or 5 of them are dedicated to widebodies; I assume one runway will basically be for private jets. But... if one starts from ground zero, why not 8 or 12 (a la Denver's growth plans)? Ok, maybe that would have put the airport too far for the city's boundries... But six runways just isn't enough for "World central."  bigthumbsup 

As to oil... Dubai is a financial center for the gulf states. Thus, when money is "easy," Dubai does benefit. However, I expect they'll have growth even with oil dropping. The question is, how much will oil drop?  scratchchin 

Lightsaber
"They did not know it was impossible, so they did it!" - Mark Twain
 
Devilfish
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RE: Dubai World Central Airport

Sat Sep 23, 2006 10:12 am

Quoting Lightsaber (Reply 6):
But... if one starts from ground zero, why not 8 or 12

This would have been the case were it not for possible workers' complaints about interminably harsh conditions, the contractors' logistical problems with concrete and asphalt, and concerns the Emirate would run short of desert acreage for camel races and sand sailing.  Wink Envy-able.
"Everyone is entitled to my opinion." - Garfield
 
tayaramecanici
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RE: Dubai World Central Airport

Sat Sep 23, 2006 6:24 pm

Quoting Marco (Reply 5):
The ironic thing is that the major buyers of the new real estate projects in the "new Dubai"; the greens, palm projects, Arabian canals, etc are British, locals, Iranians, Russians, Indians, Pakistani's, and Khaleeji's (Gulf citizens) ... so while I am not disagreeing with you I think people overvalue the impact of oil prices on Dubai's development!

These nationalities you mention are the once living and working there. U.K. was contemplating passing some liberal pension investment laws these were watered down in april'06, causing a drought of British investors. Most of the big buyers are the Saudis, Kuwaitis and the Abudhabians. The best peice of real estate investment in the world today is in India, so indian know where to put their monies.
How about a Daewoo Matiz for booking a one-bedroom apartment overlooking the servants quarters of Burj Dubai, the property market is melting there, you can see from the desperate marketing ploys.
''You are as good as your nearest competitor'' Bob Crandall.