DUBAI - The government of the United Arab Emirates (UAE) has always sent a thunderbolt across the media with its mega infrastructure plans and this time, an airport is making headlines.
The UAE authorities have unveiled plans to replace the existing Dubai International Airport with a mega facility, and according to Paul Griffiths, Dubai Airports' chief executive, the current DXB will be superseded by a new airport expected to materialize in the 2030s, with further expansion projected through the middle of the century.
Griffiths emphasized the necessity for an even larger airport when Dubai International Airport nears its 120-million passenger capacity, highlighting that a new airport becomes imperative once this maximum capacity is reached, AFP reported.
Anticipating a passenger influx of 86 million in 2023, Dubai Airports is set to surpass pre-pandemic levels and Griffiths highlighted that forthcoming designs for the new airport will radically differ from traditional terminal-based layouts, aiming for an industry-redefining futuristic concept.
Though no specific timelines or completion schedule or financial liability has been announced as of now, the visionary airport project is set to transform the conventional airport business model.
"That is going to have to happen at some stage during the 2030s. We're going to be working on those designs over the next few months," Griffiths said and claimed that the ongoing Israel-Hamas war in Gaza has not affected the passenger count at the airport.
Branding the airport as "airport of the future", he said that Al Maktoum International has to be even bigger and even better (than Dubai International).
"This will be a project that extends way into the 2050s, because we take the long-term view here," he added.
"We are not planning an airport that has terminals. We're going to completely change the business model for airports, make them actually far more intimate, and get rid of all the legacy processes that we've had to subject our customers to, for far too long," Griffiths said while revealing his plans.
Pakistani rupee continued its momentum against the US dollar, and orther currencies in the open market on Thursday, as the local currency also improved in the inter-bank market.
On Thursday, the US dollar moved down and was being quoted at 283.2 for buying and 286.15 for selling.
Euro comes down to 308 for buying and 311 for selling. British Pound rate dropped to 358.5 for buying, and 362 for selling.
UAE Dirham AED witnessed slight drop and new rate stands at 77.4 whereas the Saudi Riyal remained stable at 76.
Source: Forex Association of Pakistan. (last update 09:00 AM)
|UK Pound Sterling||GBP||358.5||362|
|Hong Kong Dollar||HKD||36.41||36.76|
|New Zealand Dollar||NZD||174.54||176.54|
Gold price in Pakistan remained under pressure as the yellow metal moved down despite an upward trend in the international market.
On Thursday, the price of a single tola of 24-karat gold stands at Rs217,100 and 10 grams of 24k gold costs Rs186,130.
Single tola of 22 Karat Gold costs Rs199,000, 21 karat rate for per tola is Rs189,960 and 18k gold rate is Rs162,825.00 for each tola.
In the global market, gold prices hover at around $2026, gaining $8.30 on Thursday.
Today Gold Price in Pakistan (4 September 2023)
|Lahore||PKR 217,100||PKR 2,565|
|Karachi||PKR 217,100||PKR 2,565|
|Islamabad||PKR 217,100||PKR 2,565|
|Peshawar||PKR 217,100||PKR 2,565|
|Quetta||PKR 217,100||PKR 2,565|
|Sialkot||PKR 217,100||PKR 2,565|
|Attock||PKR 217,100||PKR 2,565|
|Gujranwala||PKR 217,100||PKR 2,565|
|Jehlum||PKR 217,100||PKR 2,565|
|Multan||PKR 217,100||PKR 2,565|
|Bahawalpur||PKR 217,100||PKR 2,565|
|Gujrat||PKR 217,100||PKR 2,565|
|Nawabshah||PKR 217,100||PKR 2,565|
|Chakwal||PKR 217,100||PKR 2,565|
|Hyderabad||PKR 217,100||PKR 2,565|
|Nowshehra||PKR 217,100||PKR 2,565|
|Sargodha||PKR 217,100||PKR 2,565|
|Faisalabad||PKR 217,100||PKR 2,565|
|Mirpur||PKR 217,100||PKR 2,565|