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FINANCIAL NEWS
UAE aviation industry to contribute USD53b by 2020
19 Jan 2015
(MENAFN) The UAE’s aviation sector is expected to contribute USD53 billion to the country’s economy by 2020, as well as providing up to 750.000 jobs, Gulf News reported.
In the next 20 years, the UAE’s aviation sector is expected to stand next to that of the US and China, with the country expected to need more than 55.000 pilots and 62.000 technicians in the same period as a result of its growing aviation industry.
“We’ve got a worldwide fatality accident rate of about 0.33 per million departures, and when you look at the anticipated growth, we’re talking about five per cent growth over the next 20 years. It’s going to be critical that industry, government, [and] regulators team together to make sure that we approve that rate, and we’re able to absorb the growth,”
“We’re talking about five per cent growth over the next 20 years. It’s going to be critical that industry, government, and regulators team together to make sure that we approve that rate, and we’re able to absorb the growth, “vice president of Boeing International and president of Boeing Middle East said.
Meanwhile, the General Civil Aviation Authority (GCAA) in that UAE said that it expects that air traffic will double by 2030, with expectations that it will handle 5.100 aircraft movements per day, which is an increase compared to the 2.250 movements per day registered in 2014.
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