Dubai’s Emirates orders 36 Airbus A380 aircraft worth $16 billion

1 / 2
Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates airline and Group, left, and John Leahy, Chief Operating Officer Customers, Airbus Commercial Aircraft, sign the agreement on Thursday in Dubai. (Courtesy Emirates)
2 / 2
Dubai carrier Emirates is the world’s the biggest A380 aircraft operator with 101 in service. (Courtesy Emirates)
Updated 18 January 2018
0

Dubai’s Emirates orders 36 Airbus A380 aircraft worth $16 billion

DUBAI: Airbus A380’s aircraft program on Thursday received a much-needed shot in the arm after Dubai carrier Emirates announced a $16 billion deal for additional 36 of the superjumbos, with 20 firm orders and 16 options.
Emirates, the biggest A380 operator with 101 in service, expects delivery of the newest order from 2020 onwards. With its current order backlog for 41 aircraft, Emirates’ commitment to the A380 program is now at 178 aircraft, worth over $60 billion.
“This deal reflects Emirates’ confidence in shaping the future, and its commitment to advancing Dubai’s vision to grow further as a world-class destination and aviation hub,” Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, said in a statement from Emirates.

Airbus sales chief John Leahy said earlier this week the French planemaker would stop its A380 superjumbo program if it fails to strike a long-term supply deal with the Dubai carrier for the world’s largest passenger aircraft.
“If we can’t work out a deal with Emirates, there is no choice but to shut down the program,” Leahy was quoted as saying, considering the UAE airline was “the only one who has the ability” to commit to a minimum of six planes a year for up 10 years to make Airbus’ A380 program viable.
“Some of the new A380s we’ve just ordered will be used as fleet replacements. This order will provide stability to the A380 production line,” Sheikh Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive of Emirates airline and Group, said.
“We will continue to work closely with Airbus to further enhance the aircraft and onboard product, so as to offer our passengers the best possible experience. The beauty of this aircraft is that the technology and real estate on board gives us plenty of room to do something different with the interiors.”


GITEX Tech showcases Saudi Arabia’s regional innovation drive

Updated 15 October 2018
0

GITEX Tech showcases Saudi Arabia’s regional innovation drive

DUBAI: Dubai’s GITEX Technology week showcased the region’s ability to take the lead in innovation technology, with Saudi Arabia on its way to take the driver’s seat, according to consulting firm Accenture’s country managing director in Saudi Arabia.
“Saudi Arabia will be a leader in supporting innovation and the development of new technology in the region,” Khaled Al-Dhaher told Arab News.
“I think we (Arab countries) can always complement each other in the region to make sure we have the best innovation that is relevant for us and focused on the needs of our markets,” he added.
Among the main drivers behind the Kingdom’s surge into innovation and incubation is the Center of Initiatives at Prince Mohammed bin Salman bin Abdul Aziz Foundation (Misk), which is an exclusive partner at GITEX Future Stars 2018.
Misk Innovation showcased 20 Saudi-based start-ups and incubators, ranging from 3D printing technology (SHAKL) to e-commerce (Zid) to online grocery shopping (ZADFresh).
Another prominent player from the Kingdom was the Badir Program, which helps to sustain and develop pioneering environments within the Kingdom and stays in line with following the crown prince’s Vision 2030 plan.
The plan, unveiled in 2016, is a comprehensive blueprint for the future, laying out a strategy and clear targets to diversify Saudi Arabia’s economy, and develop public service sectors such as health, education, infrastructure, recreation and tourism.
“We see a big support toward start-ups in terms of seed funding, arranging funding rounds, investment funding rounds, which actually is very important to accelerate the growth of these start-ups,” Badir Program’s CEO Nawaf Al-Sahhaf told Arab News, adding: “They (start-ups) created more than 2,000 jobs in the last two years.”
The 38th annual exhibition, which kicked off on Sunday, centered around the rise of smart cities. Dubai’s government featured high-tech stands promoting the emirate’s ruler Sheikh Mohammed bin Rashid’s vision of a totally smart Dubai.
While Dubai is ahead of Saudi Arabia in this respect, the latter is not far behind.
“Saudi Arabia is building new cities now, and one of them is NEOM. Smart cities needs smart solutions and smart products, so Saudi Arabia is a big supporter of entrepreneurs and the private sector in order to come up with these smart solutions,” Al-Sahhaf said.
“Saudi Arabia is moving in this [Smart] direction and we are in good hands,” he added.
The Saudi Technology Development and Investment Company, Taqania, was also featured at the exhibition. Owned by the Kingdom’s Public Investment Fund, Taqania is one of Saudi Arabia’s main proponents in a non-oil dependent Kingdom aligned with Vision 2030, and invests in technology that contributes to the country’s economic diversification.
The exhibition is split among several categories including Gulf Comms & Mobility, Global Solution Providers, Smart Workplace & Smart Homes, Value-Added Distributors, Printing & Automation, Consumer Tech, Enterprise Software, Network & Security, Future Tech and IOT Big Cloud Data.
GITEX Technology week runs from Oct. 14 to 18, with GITEX Future Stars taking place from Oct. 14 to 17.