The best business news in Auckland now is the interest of Dubai in buying the Auckland International Airport. It would be a good opportunity for Auckland. Of course there are voices of opposition to this proposed buy, stating that a national asset should not pass onto foreign ownership. But Auckland Airport is a listed company already and it is known that the NZ company Infratil already owns and operated airports overseas. So there is nothing wrong in a commercial venture with majortiy foreign ownership.
Dubai has a reputation for building and operating a world-class airport, which they are expanding manyfold. Emirates has been a grand success in the airlines field. They have the money to invest in Auckland Airport to expand it to be a big hub for international travel from the Pacific. It would bring much required foreign investment, jobs and will be a great boost to the Auckland economy. The Dubai Emirate is in this sort of investments all over the world for the long haul. They are one of the rising stars in the world and it is no dishonour to be associated with them.
A visit to Dubai by the skeptics here will show that they mean business and it will be profitable joint venture, may be leading to more win-win deals for both countries in the future.
And while we are doing the deal, how about getting a preferred deal for import of oil as well from UAE?
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