Sheikh Mohammed bin Rashid Al Maktoum approved a $32 billion plan to continue development of the eponymous Al Maktoum International Airport at Dubai World Central.
The airport opened its doors to passengers last year but will be beefed up to ultimately accommodate over 200 million passengers per year and 12 million tons of cargo.
The first phase will include the construction of two new satellite buildings with a capacity of 120 million passengers annually and the ability to host 100 Airbus A380 aircraft at any one time.
Emirates, the flag-carrier of Dubai, is Airbus' largest operator of the superjumbo. It has a current fleet of 52, with 90 more on order.
The first phase of expansion is expected to be completed within six to eight years. The entire development will cover 56 square kilometers.
Currently over half of passengers flying to Dubai are connecting to other destinations and the new airport will build a system of automated trains and people movers to ferry people between gates. The two terminals will be served by three runways while the airport's master plan has space to add two more.
The growth of the airport to the south-west of the city center ties in with the greater development of Dubai World Central that will include residential and leisure facilities. It will also be the site of Dubai's World Expo in 2020.
Paul Griffiths, CEO of Dubai Airports described the expansion as a "strong endorsement of Dubai's aviation industry," and indicated the days of the Emirate's current hub, Dubai International Airport (DXB), are numbered.
Passenger numbers there are expected to reach 100 million by 2020 -- since its inception it passenger numbers have grown an average of 15% per year.
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