New entrants take off
Article Abstract:
The Arabian Gulf's airlines serve a critical hub between East and West but their continued expansion will probably force a shakeout and consolidation soon. Twelve airlines now fly 234 aircraft, with flight frequency rising at 5% and capacity at 6% annually. Several airport expansion plans continue, including a $200 million project at Dubai Intl Airport, the region's busiest. However, planes average 65% of capacity and fly only 7-8 hours daily, forcing such innovations as ground services for frequent fliers.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1995
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Oil wealth from a bottomless well
Article Abstract:
Petroleum continues to be the main revenue source of Abu Dhabi. New reserves are being discovered every year, further increasing the country's already huge oil reserves, which are expected to last for 150 years. Abu Dhabi's gas reserves of 314 trillion cubic feet is also the sixth-largest in the world. Plans for developing additional oil production facilities are already underway. Additionally, Abu Dhabi is developing its manufacturing and agricultural sectors.
Publication Name: Far Eastern Economic Review
Subject: Business, international
ISSN: 0014-7591
Year: 1992
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