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Dubai in talks for $8bn airport expansion funds

07 March 2012

Paul Griffiths, the chief executive of Dubai Airports has said the emirate is in talks with external consultants to raise finances to expand its aviation infrastructure, Reuters has reported. "They are going to come up with a structure that will enable us to access the financial market in the most cost-effective way, which we've not been able to do as a purely government-owned department," he said. The $8bn expansion will be focused almost entirely on the existing airport, Dubai International, as plans to deploy the gargantuan new facility have lost some of their urgency due to economic uncertainty and delays that have made moving top client Emirates Airline more difficult.

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