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Development boom in the Gulf

Filed under: Middle East

For the second time this year, Emirates the Dubai-based international airline, placed order for eight additional Airbus A380s, bringing to 55 its total order of this advanced double-decker aircraft.

"Sheikh Ahmed bin Saeed Al-Maktoum, Chairman and Chief Executive, Emirates Airline and Group, signed the Letter of Intent with Airbus President and CEO Louis Gallois, at the Paris Air Show. The deal is worth an estimated US$2.6 billion in list prices."

Also the real estate industry is booming in the Arab Gulf states. For more read here and here.

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