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 Dubai Aerospace Enterprises
(DAE), the emirate's new initiative to bring in aviation technology and
expertise to the Middle East, has received interest from India to
develop, upgrade and expand the country's airports, a top official said.
"India is an important and emerging market and we will have a strong presence once we set up the organisation," said Dr Mohammad Al Zarouni, DAE's managing director, was quoted by the Gulf News as saying in an interview. The new entity has also started negotiations with the Department of Civil Aviation and Dubai World Central authorities on extending its role in bringing in investment, technology expertise and knowledge into the 140-sq km Jebel Ali Airport City (Jaac) the world's largest single-site greenfield airport development to date. "Buoyed by the credibility of our partners, DAE is perfectly positioned to make a considerable impact on the global aerospace industry," he said. Six entities, Emaar Properties, Istithmar, Amlak Finance, Dubai International Capital, Dubai International Financial Centre (DIFC) and Dubai Airport Free Zone Authority (Dafza) have partnered in the DAE, giving the company strong backing. DAE will invest Dh55 billion ($14.97 bn) in its activities within the next ten years. However, DAE is in discussion with Dubai World Central over the development of its Jaac aerospace cluster as well. |
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Among the other issues discussed were Kahramaa’s commercial and administrational business and the measures needed to cope with the rising needs of customers, both commercial and residential. |
