GoDubai
  
  
  
  
Citylife > Press Release
  Home Contact us Add to Favourites
Most Recent Postings
More Press Releses
Featured Sections

Event Finder
A daily roundup of exhibitions, promotions and other events in Dubai and the rest of the Emirates.
Submit an Event
Latest Dubai Press Releases >>

 
  Share
UAE aviation sector open to investors from outside country, says Saif Al Suwaidi
 
 
Dubai, United Arab Emirates - October 21, 2019:     Investors are keen to capitalise on the increasing opportunities in the aviation sector globally, according to industry experts.
 
“Over the past decade, as the global economy has improved, airlines have grown in profitability, matured in terms of employing better capacity management and cost controls, and have benefitted from the explosion in demand for passenger air travel,” according to Aviation Industry Report released by KPMG.
Talking about the investment environment prevailing in the UAE, Saif Mohammed Al Suwaidi, Director-General of General Authority of Civil Aviation (GCAA), said, “Being one of the biggest aviation industries in the world, UAE is open to attract investments from outside the country to our aviation sector, and we welcome any investor to establish their business in our national carriers and airports. A lot of investors have now started their business with the UAE's aviation sector, which is worth over $I trillion.”
                         
 
Al Suwaidi added, “Our airports and free zones have less restrictions on foreign capital and we welcome any foreign investor to start their company to contribute in the advancement of our sector.”
 
In an exclusive interview with Strategic Infinity, Tahnoon Saif, Vice-President of Aviation at Dubai South, said, “We created a platform at Dubai South platform exclusively for aerospace and maintenance activities. We are meeting our clients regularly with the support of GCAA, and our business is growing at Mohammed Bin Rashid Aerospace Hub.  We are optimistic about growing our business further by 2020.”
 
Talking to Strategic Infinity, Aidan Cronin, Ambassador of Ireland, highlighted another growing sector within the aviation industry on the margin of the networking event of Global Investment in Aviation Summit (GIAS). He said: “Aviation industry is a major sector for Ireland, and have around 250 companies in Ireland working particularly in leasing side, a growth industry with a turnover of Euro 4billion last year. We look forward to attending Global Investment in Aviation Summit (GIAS) next January to understand the business prospects in the sector.”
 
Further boosting the confidence of the investors, KPMG, in their report has cited that more than $100 billion worth of projects are planned and/or under construction spanning the Gulf and beyond.
 
“[Despite] a number of clouds on the horizon… Emirates and other carriers in the region still enjoy a great geographic advantage in terms of access to key growth markets with state-of-the-art fleets and hub capacity,” said international aviation expert and industry consultant John Strickland.
 
The long list of regional projects includes Bahrain International Airport's US$1 billion expansion programme; a multibillion-dollar new terminal and additional runway at Kuwait International; the tri-phased redevelopment of King Abdulaziz International Airport in Jeddah and, closer to home, expansion projects at Dubai, Sharjah and Abu Dhabi airports.
 
As for the emerging trends in the sector, experts have identified the following four key growth areas. 
 
• European aviation has outstripped growth predictions this year, and this trend appears likely to continue
• Asian countries look set to see the most rapid growth rates in 2019. China, Pakistan and the ASEAN nations, in particular, appear poised to make great strides over the coming year
• The air freight industry is likely to see a boost due to the increasing popularity of next or same-day delivery among online shoppers
• With Emirates and American Airlines among the latest to introduce ‘premium economy' options, this model is set to experience a boom (at the expense of traditional ‘business class' capacity).



Posted by : GoDubai Editorial Team
Viewed 3221 times
Posted on : Monday, October 21, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Etihad Airways and Saudia Announce Major Expansion of Their Commercial Partnership
Next Story : Increase in flight data analytics transforms predictive safety for aviation sector
Email this article Print this article

Share this article with your friends and followers
NewsVine

Comments

Back to Top  
Most Viewed Press Release posted in the last 7 days
Aigner Aprilia
Top Toners to Up Your Skincare Game
Stay Refreshed this Festive Season & Give the Gift of Self Care with Kocostar's ...
Raise Eyebrows with Flormar's New Range
Stress-free Tresses
Sukin for Men
Matte Made in Heaven
'Tis the Season to Gift and Glow' With Foreo Holiday Gift Sets
Nourish your hair with Vierro's Styling Cream range
Shop the New Frozen 2 Collection at Max Fashion!
Monochrome Moment
UAE's Minister Al Mazrouei Announced President of the Unido General Conference i...
Dubai Customs discusses more mutual cooperation with Ukrainian Consul General
Skincare Through The Ages: The 20-Something's Skincare Guide
Foreo Expects a Record Sale for Black Friday
Steve Madden set to arrive in Dubai to kick off brand's 30th Anniversary Celebration
Dubai Festival City Witnesses Over 1600 Runners Participating at the Second Seas...
Dubai Fitness Challenge Continues to Inspire the City
The Eberhard & Co. “Sistema Magini” Chronograph Sells at Auction for 156,000 Euros
New showroom opening at Habsiguda, Hyderabad
Adventurous Sailor François Gabart begins the 2019 Brest Atlantiques race
Dubai Pink Ride Attracts More than 4500 Participants
Explore Hello Kitty Mania as Candylicious Turns 10
Dubai Chamber and First Abu Dhabi Bank sign MoU on digital trade
Time for tennis - Ugo Humbert joins Rado YoungStars
Saxo Banks Marks a Decade in the Middle East
The ITC and SOFRECOM partnership to deploy fiber network in the Kingdom of Saudi...
The Official 48th UAE National Day Celebration is a Symbol of UAE Heritage and I...
Look after your body & enjoy nourished skin from Local, Homegrown Company, The S...
Emirates champions inflight first: Seven Worlds, One Planet screens live on board
Al-Futtaim Malls Wins Big at RECON MENA
Dubai Customs showcases services for people of determination at Accessabilities ...
MBRSC calls for participation in Sirius Analogue Mission to simulate life on Mars
Jafza – First Free Zone to Roll Out Workforce Protection Programme
Balle Balle at Purani Dilli with the Punjabi Food Festival
Dine With Your Favourite Plus Ones at IKEA
Explore Europe's big cities at smaller prices with Turkish Airlines
Hamdan bin Mohammed leads first Dubai Run on Sheikh Zayed Road featuring 70,000 ...
Dubai International Hotel takes home the “Best Airport Hotel in the UAE” Title a...
Winners of Hamdan Bin Mohammed Heritage Center short story writing competition a...
The French Oil & Gas Industry on display at ADIPEC
Emaar Malls announce 6% growth in revenue reaching to AED 3.412 billion (US$ 929...
GEMS Dubai American Academy Elementary named Apple Distinguished School
GROHE Icon 3D wins Best Product Design at Blueprint Awards 2019
Al-Futtaim Engineering and Technologies provides Vertical Transportation soluti...
PCFC discusses wider horizons for trade and logistic services with Dubai busines...
This is Your Chance – Top UAE Driver Says New Baja Series Is Perfect Way Into R...
Dubai Dialogue 2019 examines business benefits of embracing sustainable innovation
September Air Freight Volumes Remain Weak
Al Tayer Motors Opens Magnificent New Maserati Showroom In Dubai