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Aviation


Aviation could generate another $80bn, 620,000 new jobs: Iata
October 2019 1401

The International Air Transport Association (Iata) presented its latest study on the importance of air transport to the UAE showing that ongoing prioritisation of aviation as a key strategic asset could generate an additional 620,000 jobs and an extra $80 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 $47.4 billion to the economy, accounting for 13.3 per cent of the UAE’s GDP. If the government continues to pursue a positive agenda for aviation, the UAE’s aviation market will grow 170 per cent by 2037, support 1.4 million jobs and contribute $128 billion 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. 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.




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