Middle East Airports Need $151 Billion Investment by 2040 to Meet Growing Demand

The Middle East and Asia-Pacific regions are expected to account for 58 percent of the global air passenger demand in 2040. Aviation market intelligence CAPA — Centre for Aviation has region-wise listed the total numbers of the airport project and the volume of investment include 155 in Middle East worth $209 billion. Airports in the Middle East will need to invest $151 billion in capacity expansion as the global air passenger demand is expected to increase more than two-fold in 2040. With over 110 airports, the Middle East is already among the fastest growing in the world, accounting for 170 million of the global traffic. Close to 19.7 billion passengers are expected to traverse the world’s airports by 2040, according to the Airport Council International and the Middle East airports will handle 1.1 billion passengers by 2040 — a significant increase from 2019’s 405 million. In the United Arab Emirates, the New Sharjah International Airport expansion, with an approximate co