Dubai Airport, page-13

The new Dubai Airports' agreement is up on the Aconex site. It’s a 5 year enterprise agreement- so at the long end:

https://www.aconex.com/news/press-release/aconex-announces-enterprise-agreement-dubai-airports

Some quotes:

Dubai Airports, which owns and operates the two major airports, has pursued a vision to become the world’s leading airport operator.

Today, DXB is the world’s number one airport for international passengers, handling over 83 million in 2016. DWC, which initiated cargo operations in 2010, is currently ranked the 19^th busiest hub for international freight traffic by Airports Council International.

“The efficient transfer of project information between stakeholders is a very critical success factor for us,” said Development Director Lawrence Vincent-Edwards. “Accordingly, all stakeholders need to be in the loop to ensure operations run smoothly and passenger service is not affected.”

After extensive technical and commercial evaluations, Dubai Airports chose Aconex for its broad range of functionality, successful track record with capital projects of all sizes, and familiarity within the regional construction industry and, in particular, the unique project environment that is aviation.

Aconex provides a neutral, project-wide collaboration platform for tendering, design reviews, document control, workflows and approvals, change management, analytics and reporting, and other core processes across the project lifecycle.

“Aconex ensures that everybody receives the information at the same time and allows us to track the receipt of information,” said Mr. Vincent-Edwards. “We can see where the flow of information is being held up and monitor performance such as response times for requests for information (RFIs) and document reviews.”

After 5 years, everything at these two vast airports will be integrated into the Aconex platform, so, in effect, as there is ongoing construction at airports of this size, this is going to be a revenue stream for Aconex for decades.


DWC/AlMaktoum

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This post is based on my own research and is not investment advice. When making investment decisions, always DYOR.