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Davenport Laroche wins Dubai airport contract
By: Davenport Laroche
This ambitious project of USD32.67 billion aims to make Al Maktoum International Airport the biggest airport worldwide in terms of size and passengers capacity by 2050.
The expansion is being executed in two phases over the next six to eight years. Upon completion, the airport will be able to handle more than 220 million passengers a year.
Phase 1 has been completed with the construction of new terminals, a new runway and the expansion of the existing facilities.
Davenport was selected for phase 2 of the project as it will see the construction of 2 new runways, a new terminal, train tracks and stations and finally 2 new concourses.
Frederick Bingham, spokesman for Davenport Laroche underscored the importance of this contract: "This is a fabulous contract for our clients and our company that will require unprecedented fleets of containers and construction equipment. The returns are ultra-attractive and are sustainable for the duration of the project. Davenport is proud to be instrumental in the development of key infrastructure projects with our partners in the UAE and the Middle East."
Davenport leases containers and industrial equipment owned by private investors to global industries. 90% of everything that is moved worldwide is moved in a container.
Davenport Laroche provides access to this massive global market to the container and equipment owners. The rental income from the containers and the construction equipment is paid to the private investors monthly in cash.
All containers and construction equipment are insured thereby securing the owner's investment. As part of the Davenport Laroche service the company leases containers and construction equipment in strategic locations on behalf of private investors. Our strong track record over the years allows us to identify the most profitable markets to maximize investor returns.
Find out more at: https://davenportlaroche.com/