Al-Futtaim signs lease agreement with Dubai South for additional 10,000sqm plot of land
Al-Futtaim has signed a lease agreement with Dubai South for a 10,000sqm plot of land adjacent to the existing facility of DC Aviation Al-Futtaim (DCAF) as part of the expansion plans of the only fully integrated business aviation facility based out of Al Maktoum International Airport (AMIA) at Dubai South.
The new plot will drastically increase the operational potential and capabilities of DCAF which currently occupies a state-of-the-art business aviation facility at AMIA spanning 14,700sqm.
“Our commitment to Dubai’s ever growing aviation industry and the government’s ambition to establish the emirate as a truly global hub for commercial and private operators is reinforced today with this agreement in order to plan the next phase of our successful business aviation joint venture,” said Omar Al-Futtaim, Vice Chairman, Al-Futtaim. “We always plan ahead taking a long-term strategic view and this agreement is the precursor of more exciting developments for Al-Futtaim, Dubai’s private aviation sector and the wider Dubai South area.”
Khalifa Al Zaffin, Executive Chairman, Dubai Aviation City Corporation (the parent organisation of Dubai South) said, “We are pleased to have our first tenant – Al-Futtaim – sign a new lease agreement to expand its operations at the Aviation District of Dubai South. This agreement ties in nicely with our vision to build a comprehensive ecosystem dedicated to the aviation industry. Our focus will always be to provide our partners the necessary infrastructure and facilities to grow and thrive thereby supporting Dubai’s ambition to become a global aviation hub in line with the emirate’s strategic vision.”
DCAF is a joint venture between Al-Futtaim and Germany’s DC Aviation. Its core areas of business include aircraft management, maintenance, FBO and ground handling and business jet charter.
Al Futtaim Group
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