Abu Dhabi airports report 40% surge in travelers

The terminal at Abu Dhabi International Airport for Etihad Airways. Shutterstock
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Updated 04 July 2024
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Abu Dhabi airports report 40% surge in travelers

RIYADH: Abu Dhabi’s airports saw around 22.4 million travelers in 2023, a 40 percent increase from the previous year, driven largely by passengers from the Indian subcontinent, official data showed.       

In a report by the Statistics Centre - Abu Dhabi, it was revealed that annual arrivals through the emirate’s airports in 2023 reached over 11.1 million, with departures standing at 11.3 million, reported the Emirates News Agency, also known as WAM.   

The increase in figures coincides with several air transport agreements concluded by the country’s General Civil Aviation Authority as well as improvements made during 2023.     

It also underscores the aviation sector’s significant achievement in managing air traffic and ensuring the smooth and safe arrival and departure of all COP28 guests.    

In regard to aircraft traffic, Abu Dhabi’s airports experienced significant increases in 2023, with Zayed International Airport handling 141,225 flights, marking a 27.8 percent rise from 2022’s 110,536 flights. 

Meanwhile, Al-Ain International Airport recorded 8,409 flights last year, up from 7,598 flights in 2022.    

The report further showed that the Indian subcontinent topped the list of arrivals through Abu Dhabi’s airports by country of origin, with about 3.2 million travelers by the end of 2023.  

This was followed by Western Europe with 1.9 million, Asia with 1.7 million, as well as Gulf Cooperation Council countries with around 1.6 million, and East Asia with 822,777 travelers. 

The Indian subcontinent also led in the number of departures from the emirate’s airports last year, with around 3.5 million travelers, followed by South America with 1.9 million, Asia with 1.7 million, and GCC countries with 1.6 million. 

At Al-Ain International Airport in 2023, arrivals totaled 51,067 travelers, while departures numbered 43,945, with 1,763 transiting through the airport and 1,011 through Zayed International Airport.  

In terms of cargo traffic across the emirate, 319,993 tonnes of goods were imported last year, primarily from Asia with 138,187 tonnes, while exports reached 238,644 tonnes, led by Western Europe with 98,089 tonnes. 

Meanwhile, Al-Ain International Airport handled 1,263 tonnes of exports and 501 tonnes of imports in 2023.  

In December 2023, a senior civil aviation executive projected that the UAE’s airports would accommodate 135 million passengers in 2024, reflecting a 4 percent increase from the previous year.  

Speaking to local newspaper Emarat Al-Youm, Saif Al-Suwaidi, director general of the General Civil Aviation Authority, noted positive indicators indicating growth in flights and destinations for national carriers. 

He also anticipated growth from countries such as Canada, South Korea, the Philippines, Bangladesh, and Sri Lanka. 


Stc Group issues US dollar-denominated sukuk with a total value of $2bn

Updated 09 January 2026
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Stc Group issues US dollar-denominated sukuk with a total value of $2bn

RIYADH: Stc Group has issued US dollar-denominated sukuk with a total value of $2 billion across two tranches.

The group clarified that the issuance included the offering of $750 million in sukuk with a 5-year maturity at a yield of US Treasury plus 75 basis points, and an issuance of $1.250 billion with a 10-year maturity at a yield of UST plus 90 basis points, according to the Saudi Press Agency.

It noted that the total order book exceeded $8 billion across both tranches, with a coverage rate exceeding 4 times, and participation from over 300 investors in the subscription.

The issuance garnered strong demand from a broad and diverse base of international investors, reflecting solid confidence in the robustness and efficiency of stc Group’s business model and strategy. 

This strategy is aimed at strengthening its digital leadership, seizing infrastructure opportunities, enabling massive projects, and contributing to the realization of Vision 2030 objectives, with a focus on achieving sustainable growth based on operational efficiency and maximizing shareholder value.

This issuance enhances stc Group’s access to international capital markets and solidifies investor confidence in the strength of its credit position. 

It also supports its strategic role in accelerating the pace of digital transformation in the Kingdom and building a thriving digital economy.