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Emirates to bring an investment of Rs 30,000 crore to Andhra Pradesh
An MoU was signed between Andhra Pradesh Economic Development Board and the Emirates Group during AP Chief Minister Chandrababu Naidu's meeting with His Highness Sheikh Ahmed bin Saeed Al Maktoum, in Dubai on Thursday.

The Chief Minister recalled how he was instrumental in the expansion of Emirates Airlines in India, and in starting the first Emirates flight from Hyderabad. The Emirates Group expressed keen interest in operating to Amaravati, the newly coming up capital city of the state and the other parts of Andhra Pradesh, once regulations are relaxed by the government of India.

The Chief Minister invited HH Sheikh Ahmed to come to Amaravati and explore possibilities of building and operating airports and start a joint venture in aviation with the government of Andhra Pradesh. To this, HH Sheikh Ahmed responded positively, and said he will ask his team to travel and examine the potential.

"An entire ecosystem should be built for an airline to succeed. Dubai has 1 lakh hotel rooms, and will have 1.5 lakh rooms by 2020. For flights to enable more movement of passengers, the ecosystem should provide for other facilities like accommodation, shopping, tourist attractions and business opportunities", said HH Sheikh Ahmed.

The Chief Minister and the accompanying delegation from AP were taken around the Network Control Centre, a 25,000 sq ft large centre that monitors all their stations worldwide, and air traffic in real time. The centre tracks weather conditions and their impact on flight schedules, and consists of a Crisis Management Centre, which is designed to address emergencies.

The MoU signed also included a discussion on setting up a Maintenance Repair and Overhaul (MRO), an aviation training centre and a manufacturing unit of in-flight consumables. These are likely to bring in an investment of almost Rs 30,000 crore. It was signed by APEDB CEO Jasthi Krishna Kishore and His Highness Sheikh Ahmed Bin Saeed Al Maktoum.

Another bilateral was held with Mohammed Ahmed Al Zarooni, the Director General of Dubai Airport Free Zone Authority (DAFZA), Vice Chairman and CEO of Dubai Silicon Oasis Authority (DSOA) ad Director of Dubai Aerospace Enterprise (DAE). They discussed the multinational effort to set up the AeroCity project in AP, with KPMG as the consultant, and some financiers from Saudi Arabia. They will submit a detailed project report within three months, and at the request of the Chief Minister, they will bring a proposal to be finalised during the Partnership Summit.

The Chief Minister asked officials of DP world, which operates 78 marine and inland terminals in 40 countries, to set up a Special Economic Zone in AP. The group provides maritime services, logistics and ancillary services. He met with Sultan Ahmed Bin Sulayem, Group Chairman and CEO, Raj Jit Singh Walia, Deputy Chief Financial Officer and Gaurav Khanna, Vice President – Corporate Finance & Business Development.

The Chairman said that Indian ports must remove bottlenecks in the supply chain and build logistics and industrial parks. "Ports all over the world grew because of these facilities", he said.

He also said that one of their representatives is visiting India on Monday, and will be asked to extend their trip to meet a team from the government of AP. The Chief Minister asked them to explore at least three suitable locations to establish logistics parks, and take a decision in 3 months.

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