In an ambitious move that reinforces its position as a global aviation hub, Dubai has initiated the construction of what is set to become the world's largest airport terminal. The groundbreaking project, taking place at Al Maktoum International Airport, represents a monumental investment of nearly $35 billion (AED 128 billion), marking a significant milestone in the emirate's aviation history.

Sheikh Mohammed bin Rashid Al Maktoum, the ruler of Dubai and the Prime Minister of the United Arab Emirates, officially announced the commencement of construction. He shared his vision for the new passenger terminal, which upon completion, will boast the capacity to handle an astounding 260 million passengers annually. This ambitious expansion is poised to quintuple the size of the current Dubai International Airport, one of the busiest air hubs worldwide.

"The world's largest capacity" and "five times the size of the current Dubai International Airport," were the words used by Sheikh Mohammed to describe the scale of this mega project. Such a development is expected not only to elevate Dubai's status in international aviation but also to cater to the growing demand for air travel in the region and globally.

Sheikh Ahmed bin Saeed Al Maktoum, president of the Dubai Civil Aviation Authority and CEO of Emirates, the flag carrier, outlined the phased approach to the terminal's construction. He noted that the first phase is slated for completion within a decade, initially accommodating 150 million passengers annually. This strategic development comes as Al Maktoum airport, located on the outskirts of the city, aims to eventually take over from the centrally located Dubai International Airport, currently capped at a capacity of 120 million passengers per year due to its urban constraints.

Since its inception in 2010, Al Maktoum airport has handled a fraction of the Gulf financial hub’s air traffic. This new expansion project clearly signals Dubai's intent to further consolidate its role as a key player in international travel and commerce, setting new benchmarks in airport size, capacity, and global connectivity.

With an eye towards the future, Dubai continues to push the boundaries of infrastructure and innovation. This colossal project not only underscores the emirate's ambition but also its commitment to fostering growth in the aviation sector, tourism, and the economy at large.