00:00We had such a fantastic first half and now to end the year to date in September,
00:070.1% or 40% growth over last year is a remarkable outcome and it won't be long before I think we'll
00:14be recording a new record for passenger traffic. Possibly not during 2023 but certainly the outlook
00:22for the next two years is extremely strong and you've seen the new aircraft orders that have
00:27been announced, some of them arriving fairly shortly, so we've clearly got our work cut out
00:32to be able to accommodate both the growth in capacity and the growth in quality of service
00:37at the airport which will undoubtedly be necessary to be able to welcome all those millions of extra
00:44people to come through DXB. I wouldn't say stressed, I would say more excited about the
00:49opportunity. We've already started the expansion of Terminal 2 which is one of our early
00:56objectives because of course the Fly Dubai expansion even before the existing aircraft
01:00orders that were announced this week was always dramatic, something like 166%
01:06over the last few years which is quite an incredible rate of expansion. But now of course
01:12that's been consolidated with wide-bodied orders from Fly Dubai and of course we've seen the 90
01:18orders of the 777-8 and 777-9 from Emirates and a lot of these aircraft are arriving over the
01:25next few years so we've clearly got to do some major expansion and enhancement of the facilities
01:31at DXB and we've got some major programs, the refurbishment and expansion of Concourse C
01:37to accommodate more customers, the rebuilding of Concourse E which is a dramatic and much-needed
01:45expansion in our passenger handling capacity and really the general upgrade across the whole
01:50airport of the bars, restaurants, the whole retail experience. We cannot stop, we will not stop and
01:57we will continue to make the passenger journey more exciting, less stressful and more appealing
02:04than any other hub around the world. This is a very competitive business, we compete with other hubs,
02:12passengers when they choose their journeys can use, up to 70% of them can use an alternative
02:18hub and we want to make sure that every time they've got compelling reasons to choose DXB.
02:23Well they have to be very short programs because clearly as these aircraft arrive we need more
02:29stands, we need more slots on the runway, we need the processing capacity so we have to
02:35make absolutely sure we don't end up with a shortage of capacity, that's why the pressure
02:39is really on to deliver in short order. But we've got plenty of experience of delivering these
02:45mega projects over a very very compressed time frame and we just have to continue what we've done
02:51for 60 years since the airport started.
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