Kuwait firm sets up shop in Dubai - Emirates24|7

Kuwait firm sets up shop in Dubai


Kuwait-based aviation company and air taxi operator, Asaig, has launched its operations at Dubai's new airport – Al-Maktoum International, in Jebel Ali's Dubai World Central development, with a fleet of 11 aircraft.

The firm, which specialises in renting, selling, purchase and maintenance of aircraft, has reportedly invested between $80 million (Dh294m) and $100m in its new operations.

Abdulla S Al Shalfan, Chief Executive of Asaig, said he selected the new airport coming up at Dubai World Central due to its geographical location. He also cited the facilities and business infrastructure offered by Dubai to investors and businessmen as another factor for selecting the emirate as a base.

Al Shalfan further said that based on its size the Al Maktoum International, which is 14km in length and 10km in width comprising six runways, will attract a large number of passengers, airlines and companies offering general aviation services.

Asaig's target markets include the GCC countries, Lebanon, Yemen, Egypt, Iran and India. It targets businessmen, tourists and affluent families wishing to travel and enjoy private air flights.



Turkey's TAV Airports Holding said yesterday it had been invited to make a second and final bid in a tender to develop Abu Dhabi International Airport. TAV's original bid had been selected as one of three bids accepted in the first round, it said in a statement to the Istanbul Stock Exchange. (Reuters)