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Dubai aims to spend $35.7 billion to develop its second airport and logistics hub in the south of the city and is likely to rely on debt for a significant part of the financing, two people with knowledge of the plan said. The investments will be made in Dubai World Central and associated facilities, including Al Maktoum International airport, over the next 12 years, the people said, asking not to be identified because the information isn't public. Al Maktoum International is at the heart of Dubai World Central, a 140 square kilometer multiphase development of six zones, including for logistics, offices, residences and golf, according to Dubai Airports' website.Al Maktoum is close to the World Expo 2020 site and Dubai plans to move flagship carrier Emirates there by 2025 .
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