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 22, 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, 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.”
 
Aidan Cronin, Ambassador of Ireland, highlighting another growing sector within the aviation industry on the margin of the networking event of Global Investment in Aviation Summit, 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 4020 times
Posted on : Tuesday, October 22, 2019  
Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of GoDubai.com.
Previous Story : Sita to Manage Key Systems Across Ghana's Kotoka International Airport Terminal 3
Next Story : Etihad Airways and Saudia Announce Major Expansion of Their Commercial Partnership
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
Look after your body & enjoy nourished skin from Local, Homegrown Company, The S...
China's Latest Moves in Ip Protection Leads to Unprecedented Legal Judgement for...
Time for tennis - Ugo Humbert joins Rado YoungStars
Karama gets crowned. Once more.
Stack It Up With Shack Stack Now in the UAE! Shake Shack is All About Upping the...
Steve Madden Celebrates Brand's 30th Anniversary In Dubai
Al Tayer Motors launches the new Maserati Quattroporte SQ4 Zegna PELLETESSUTA™ a...
American Eagle Launches It's Holiday'19 Collection
PCFC discusses wider horizons for trade and logistic services with Dubai busines...
The "Karl Legend" Collection
Monochromatic Denim
The perfect Watch from Beach to Tux
Al Tayer Motors Opens Magnificent New Maserati Showroom In Dubai
Parmigiani Fleurier Tonda Chronor Slate
Hamdan bin Mohammed leads first Dubai Run on Sheikh Zayed Road featuring 70,000 ...
Emirati Musicians, International Composers & the Royal Philharmonic Orchestra in...
National Geographic Abu Dhabi Provides an Unprecedented Look into Makkah's Spraw...
Massive Diabetes Awareness and Management Drive in Ras Al Khaimah to screen thousands
Humans in Space Symposium discusses what it takes to be an astronaut
Accor's role as Makkah's leading pilgrim hospitality services provider showcased...
Redefine Your Winter Wardrobe with REDTAG!
P&O Marinas and Fabulous Yachts Announce the 3rd Edition of the International S...
Dubai Design Week and the first Rado Star Prize UAE
‘Carpet of Tolerance' created by Hands and Senses revealed at Downtown Design, Dubai
SmartCrowd, MENA's Only Regulated Real Estate Investments Platform Graduates fro...
Rivoli Group Announces Winners of the Third Qualifier Tournament for Omega Natio...
Medeor Hospital, Dubai gives new life to a 63-year-old patient in the UAE by rem...
Ahmad Bin Shafar welcomes President of ASHRAE
Lenovo's ‘Remove-IT Program' Aims to Reduce Electrical and Electronic Waste in t...
Astronaut Christina H. Koch Shares for the first-time photo of Hazzaa AlMansoori...
du completes world's highest peak 5G standalone throughput over a single 100MHz ...
Etihad Airways and Pia Relaunch Codeshare Partnership
Arabian Automobiles Nissan to light up Dubai International Motor Show with innov...
Discover GROHE's latest innovations and digitally enhanced products at Dubai Des...
JYSK Has You Covered For The Festive Season
Deerfields Mall is Back With Its Third Season of Farmers Market
Italy's Leading Energy Innovators Calls to Create Partnerships at ADIPEC 2019
Zayed Water spreads the message of kindness and compassion at University of Shar...
Union Coop Releases the instant Electronic Share Trading Update
Beyond Compare: Craft and Culture Combine in Luxurious New Pen Collection
Al Tayer Motors Launches All-New Lincoln Aviator in the UAE
GranTurismo Zéda projects Maserati towards the future: from the Modena plant th...
Metito's policy on water reuse identified as ‘progressive and disruptive' by gl...
Twenty Italian Luxury Artisanal Interior Brands Participate in Downtown Design
Etihad Airways Increases Frequency on Important Abu Dhabi to Riyadh Route
Pandora Holiday Collection
Maserati, the future is now
Hatton wins historic 2019 Turkish Airlines Open title.
Future of Transportation: Virgin Hyperloop One Confirms Passenger Pod at this Ye...
Lenovo Q2 Momentum Powered by 9th Consecutive Yoy Quarterly Revenue Growth, Stro...