Dubai Airports’ commercial revenues rise 16%

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By Zawya Dow Jones  www.gulfnews.com

Dubai: Dubai Airports’ commercial revenues rose 16 per cent on year in the first half of 2012, boosted by a surge in passenger traffic, according to the company’s top executive.

“We are ahead of the budget in terms of revenues, which are exceeding expectations,” Paul Griffiths, the chief executive at Dubai Airports, told reporters late Sunday, but declined to give further details.

Dubai Airports, which runs both Dubai International and Dubai World Central, or DWC, has seen soaring international traffic over the last few years, helped by the rapid growth of Emirates airline, as the emirate consolidates its position as a key global transport hub in the Middle East.

Dubai Airports last month said passenger traffic at the international airport increased 13.7 per cent in the first six months of the year, the busiest first half in its history, putting it on track to meet its annual target of 56.5 million passengers. More info

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