PrintJuly 22, 2007
Dubai (Air)Ports
Bursting with cash, Dubai is going on what appears to be a buying spree for transportation infrastructure. The latest acquisition target is Auckland International Airport in New Zealand. Ummah News Links highlights the story from TVNZ:
A Dubai based company has launched a bit to take a controlling stake in Auckland International Airport.Dubai Aerospace Enterprise wants to buy between 51% and 60% - and Auckland International Airport directors are recommending shareholders accept the proposal.
The following wording is a bit unclear:
Auckland International Airport Ltd (AIAL) chairman John Maasland says the proposal would see DAE invest up to $2.6 billion in the creation of a new company which would be focussed on pursuing opportunities away from the current site.
This almost sounds like some consideration being given to a new airport, but I doubt that. I have flown in and out of Auckland, and the site does not appear to be terribly crowded, and there would seem to be potential for additional runways via landfill (assuming of course the greenies would allow it. The current main runway is built on landfill). The likely meaning is that the considerable non-airport assets of the private company running the airport might be expanded.
For reasons best known to its rulers, Dubai does seem very focused on transportation infrastructure. And its status as a banking capital for the Middle East has brought vast quantities of funds to invest worldwide. Nothing necessarily sinister, but notable.
To comment on this or any other American Thinker article or blog, you must be a subscriber to our ad-free service. Login to your subscription to access the comments section. You can subscribe on a monthly basis for $6.79 a month or for a year at $69.99
Login
Subscribe / Change PwdAd Free / Commenting Login
FOLLOW US ON
Recent Articles
- A Taste of the Swamp
- Do We Have 677 Unelected Presidents?
- Global Relations beyond the Prime Directive
- The Democrat Party: The Enemy Within?
- Tariffs and the Moral High Ground
- ‘Mahmoud Khalil, Who Are You?’
- The Slush Fund Nobody Voted For
- Hacktivism and the Possibility of WW III
- Illegals Working for Congress?
- Should FBI Agents Learn Martial Arts?
Blog Posts
- Bacha Bazi still being practiced in Afghanistan; young boys sexually abused
- UN judge convicted of forcing a woman into indentured servitude
- What are capital gains, really?
- Trump begins restoring law and order
- Purge the poison: End Middle East Studies
- The Godfather: 53 and getting better all the time
- Why aren't Johnny and Suzie reading?
- ActBlue smurfs its way to oblivion
- Hunter Biden hotfoots it to a luxury vacation in South Africa, seemingly to avoid a deposition on his claimed poverty
- The Obamas' podcast bombs
- Did Stacey Abrams’s NGO really get $2 billion for appliances to hand out to Americans?
- Mark Kelly exposes the hypocrisy behind the Democrats’ electric vehicle fixation
- Washington state attorney general is mad at sheriff's office for complying with federal law
- Can Trump and the team really win?
- The Democrat party is in dire need of shock therapy in the form of hard truths