Dubai Has A Plan To Double Tourism — Here's Why It Might Succeed [Forbes]
MGM Resorts International (MGM)
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Source: Forbes
A rendering of the new $35 billion passenger terminal at Al Maktoum International airport. Dubai Airports A few short decades ago, Dubai was ‘a dot in the desert.' Now a city of more than three million people, most of whom are expatriates, its growth trajectory is staggering. As is the spending. Currently underway is the $35 billion renovation of the new passenger terminal at Al Maktoum International Airport (DWC), approved by Dubai's leadership in April. The futuristic structure, designed by Leslie Jones Architecture, will replace Dubai International Airport (DXB), already the world's second-busiest international hub, after Atlanta, Georgia's Hartsfield-Jackson airport. But the UAE is aiming higher. If it opens as planned within the next 10 years, DWC expects to become the largest (and most expensive) airport in the world. Meanwhile, hoteliers are placing their bets, particularly in the luxury category. By the end of 2024, Dubai will welcome a new Delano Dubai (owned by Acco
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MGM
Earnings
- 10/30/24 - Miss
MGM
Sec Filings
- 12/13/24 - Form 4
- 12/13/24 - Form 144
- 12/3/24 - Form 4
- MGM's page on the SEC website