What is the project awarded to the consortium?

Larsen & Toubro, in a consortium with Mitsubishi Heavy Industries, has been awarded a Design-and-Build contract for a turnkey Automated People Mover (APM) System for Phase 1 of Dubai's Al Maktoum International Airport.

What does the contract for the APM system include?

The contract covers integrated infrastructure, power systems, signalling, and communications systems, providing a complete solution for the APM at the airport.

Why is this project significant for Dubai?

This project is a key part of the planned build-out of Al Maktoum International Airport, which is expected to become the world's largest, significantly expanding Dubai's passenger and freight capacity.

What are the financial projections for Mitsubishi Heavy Industries following this contract?

Mitsubishi Heavy Industries is projected to achieve ¥6,521.3 billion in revenue and ¥581.7 billion in earnings by 2029, with some optimistic analysts forecasting revenue up to ¥7,962.6 billion and earnings near ¥749.5 billion.

All news

Infrastructure·2 September 2026

Larsen & Toubro and Mitsubishi Heavy Industries to Build Dubai Airport APM System

Larsen & Toubro, in consortium with Mitsubishi Heavy Industries, has secured a design-and-build contract for the Automated People Mover (APM) System at Dubai's Al Maktoum International Airport Phase 1.

A significant infrastructure development for Dubai's aviation sector has been announced, with Larsen & Toubro's Transportation Infrastructure business, in partnership with Mitsubishi Heavy Industries, securing a contract to deliver a turnkey Automated People Mover (APM) System for the first phase of Al Maktoum International Airport. This project is a crucial component of Dubai's vision for the airport to become the world's largest, enhancing both passenger and freight capacity.

The scope of the contract awarded to the consortium includes the complete design and build of the APM system. This encompasses integrated infrastructure, power supply, and advanced signalling and communications systems, ensuring a comprehensive and modern transport solution for the airport's expansion.

Impact on Mitsubishi Heavy Industries

For Mitsubishi Heavy Industries (MHI), this win reinforces its strong position in the transport and infrastructure sectors. While the immediate financial impact is tied to executing their existing order backlog and managing currency fluctuations, the Dubai airport contract aligns with MHI's strategic pivot towards infrastructure and energy transition projects. It demonstrates the company's capabilities in delivering complex, large-scale engineering systems.

This project, alongside other recent announcements such as MHI's collaboration on carbon capture and gas turbines, showcases the company's dual focus on low-carbon power solutions and major infrastructure developments. Such contracts are expected to broaden the sources of future orders, contributing to the company's multi-year revenue visibility and underpinning its projected growth.

Analysts predict that MHI could see its revenue reach ¥6,521.3 billion and earnings hit ¥581.7 billion by 2029, requiring an annual revenue growth of 9.4%. More optimistic forecasts suggest even higher figures, with some analysts believing the Dubai win could accelerate MHI's trajectory beyond base-case scenarios, potentially reshaping perceptions regarding its fossil fuel exposure in favour of long-term decarbonisation opportunities.

Frequently asked

Questions, answered

What is the project awarded to the consortium?: Larsen & Toubro, in a consortium with Mitsubishi Heavy Industries, has been awarded a Design-and-Build contract for a turnkey Automated People Mover (APM) System for Phase 1 of Dubai's Al Maktoum International Airport.
What does the contract for the APM system include?: The contract covers integrated infrastructure, power systems, signalling, and communications systems, providing a complete solution for the APM at the airport.
Which companies are involved in this project?: The project is a consortium effort between Larsen & Toubro's Transportation Infrastructure business and Mitsubishi Heavy Industries.
Why is this project significant for Dubai?: This project is a key part of the planned build-out of Al Maktoum International Airport, which is expected to become the world's largest, significantly expanding Dubai's passenger and freight capacity.
What are the financial projections for Mitsubishi Heavy Industries following this contract?: Mitsubishi Heavy Industries is projected to achieve ¥6,521.3 billion in revenue and ¥581.7 billion in earnings by 2029, with some optimistic analysts forecasting revenue up to ¥7,962.6 billion and earnings near ¥749.5 billion.

Reported by

Google News — UAE Infrastructure & Transport

View original coverage

This brief was summarised and rewritten by Gaia Living from public reporting. Figures and details reflect the original sources.

Echoes, in your inbox

One thoughtful email a month. Market insight, new launches, no spam.

Impact on Mitsubishi Heavy Industries

Questions, answered

More in Infrastructure

Echoes, in your inbox