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DUBAI, March 24 Asia Pulse - Dubai World Central Aviation City, home to the largest maintenance, repair and overhaul (MRO) centre in the world, has signed a deal with the Middle East's leading provider of on-demand aviation support, Palm Aviation, to set up the project's first fixed-base operation (FBO) ground handling facility.
The AED 40 million (US$10.9 millioni) 80,000 square feet facility to cater to the booming flight support services industry will be built within Dubai World Central - the 140 square kilometre urban aviation project under construction at Jebel Ali, United Arab Emirates.
Under the agreement, Palm Aviation will extend its existing global flight support operations centre to DWC Aviation City from its existing Dubai Airport Free Zone office - part of its ambitious expansion strategy, set to see the company grow by 35 per cent annually over the next five years across the region.
DWC Aviation City will be home to the world's largest MRO providers, largely due to the strategic aviation services offerings to third parties setting up their regional operations within our project, said Abdulla Al Qurashi, CEO, DWC Aviation City.
"The aviation sector is expected to grow at more than 30 per cent annually for the coming five years and the impressive growth of over 9 per cent for the Middle East MRO market is expected to continue over the same period, when DWC Aviation City will be the natural choice for these burgeoning companies to establish their base due to the full range of aviation services infrastructure available by then.
Palm Aviation's FBO facility at DWC Aviation City is strategic due to its proximity to the worlds largest airports - DWC-Al Maktoum International Airport, which will enable speedy real-time solutions to ground handling flight support needs. The DWC Aviation City facility will be one of Palm Aviation's best FBO projects and enhance its distribution network for business aviation services in the UAE and the region.
Al Maktoum International Airport goes live with initial cargo operations by end-2008 and has been designed to handle 120-150 million passengers and 12 million tonnes of cargo annually.
(WAM)
24-03 1450
