Aviation to support 1.4mn jobs and contribute US$ 128bn in GDP to the UAE economy
The International Air Transport Association (IATA) recently presented its latest study on the importance of air transport to the United Arab Emirates (UAE) showing that ongoing prioritization of aviation as a key strategic asset could generate an additional 620,000 jobs and an extra USD80 billion in GDP for the nation’s economy by 2037.
Air transport’s contribution to the UAE economy is already significant. The industry at present supports nearly 800,000 jobs and contributes US$ 47.4bn to the economy, accounting for 13.3% of the UAE’s GDP. If the government continues to pursue a positive agenda for aviation, the UAE’s aviation market will grow 170% by 2037, support 1.4mn jobs and contribute US$128bn in GDP to the nation’s economy.
IATA identified three areas where government action can promote aviation’s growth and bring even more value to the UAE:
Increase airspace capacity to ease congestion and meet future demand: Airspace capacity in the region has not kept pace with the growth in demand, which is leading to significant delays particularly in the GCC (Gulf Cooperation Council member countries).
Governments in the region must replace political fragmentation with collaborative cross-border decision-making to ensure that the global competitiveness of the region’s hubs is not affected.
Align infrastructure investments with expected growth: The UAE is well-known for the foresight of its government in developing airport infrastructure that is affordable. Future infrastructure investments must provide enough capacity to meet market demand and ensure airline technical and service level needs are aligned and remain affordable.
Continue to leverage new technology and process innovation to enhance efficiency and passenger experience: The UAE is a pioneer in using innovation to improve the passenger experience. Fast adoption of new technology and initiatives to integrate aviation with future modes of transportation will enhance the competitiveness of the UAE as an aviation hub.
“Today the UAE is ranked number one globally for air trade facilitation, tops the Middle East region for visa openness, is an aviation powerhouse and its airlines carry the country’s flag to all corners of the globe,” said Muhammad Ali Albakri, IATA’s Regional Vice President for the Middle East.
“We are proud of the significant role we play in continuing the evolution of the Middle East region as a tourism and travel hub, as well as our contribution to the UAE’s vision to become a leader in the global aerospace industry,” commented Robin Kamark, Chief Commercial Officer, Etihad Aviation Group.
