Falcon, a Dubai-based aviation company, is set to invest $100 million to enhance its aircraft maintenance, repair, and overhaul facility located in the Mohammed Bin Rashid Aerospace Hub, a free zone in Dubai South. This significant investment will be rolled out over the next five years and includes plans to build a new private jet terminal.

In 2024, Falcon received approval from the General Civil Aviation Authority to initiate maintenance, repair, and overhaul operations for Bombardier Challenger, Embraer, and Airbus A380 aircraft in the UAE. The first phase of the AED128 billion ($34.85 billion) Al Maktoum International Airport commenced construction in June 2024. Once completed, this initial phase is expected to accommodate 150 million passengers annually.

The Al Maktoum International Airport is poised to be five times the size of Dubai International Airport, ultimately capable of servicing up to 260 million passengers each year. Dubai South serves as a master-development area focused on meeting the logistics and aviation needs associated with the airport’s expansion.