xecuJet is poised to begin construction of its new Middle East headquarters facility at Dubai World Central’s Dubai South area. The Luxaviation subsidiary (Stand 598) recently finalized contracts with the airport authority on three plots of land, totaling approximately 5.5 acres (22,558 sq m), where it plans to build a new, more-than-$30 million FBO and MRO complex.
Since the opening of the new airport, business aviation companies have been either relocating their facilities, or in the case of ExecuJet, which has long had a presence in Dubai, establishing additional facilities.
The Dubai Executive Council, the Dubai government’s leading policy-making body, over the summer announced a package of service-fee reductions aimed at cutting the cost of doing business in the emirate, and aviation fees were a prominent feature on the list.
“To develop Dubai's aviation sector, we are canceling 19 fees related to the aviation industry and to aircraft landing permits...Dubai is a global hub for the industry and our hard-won position in this sector needs to be strengthened,” Crown Prince Hamdan bin Mohammed Al Maktoum, who leads the Executive Council, wrote on social media on June 6.