United Arab Emirates Tender

Work on Dubais Al Maktoum Airport designed to be one of the worlds biggest with an annual capacity of more than 250 million passengers is on hold as Gulf Arab economies falter people familiar with the matter said.Construction activity has been halted and finances for expansion frozen until further notice according to the people who asked not to be named due to the sensitivity of the topic.The completion date for the first phase of the airport envisaged as a US36 billion super-hub allowing local airline Emirates to consolidate its position as the worlds No 1 long-haul carrier had already been pushed back five years to 2030 in October.In a statement to Bloomberg Dubai Airports said its reviewing the long-term master plan and that exact timelines and details of next steps are not as yet finalized. It said it aims to ensure development takes full advantage of emerging technologies responds to consumer trends and preferences and optimizes investment.