Font Size

- Aa +

Tue 19 Feb 2008 06:49 PM

Font Size

- Aa +

Mid-east biggest aircraft investor last year

The Middle East accounted for 50% of the world's aircraft orders in 2007, according to a consulting company.

The Middle East accounted for 50% of the world's aircraft orders in 2007, according to a consulting company.

Satyam Computer Services says carriers in this region spent some US50 billion last year to expand their respective fleets.

Growth across the Middle East's aviation industry was attributed to the region's geographic position and strong economy. To capitalise on this expansion, Satyam promoted its IT services during last month's Middle East Aviation Outlook Summit.

"As the Middle East rapidly gains momentum towards becoming the centre of the global aviation sector, we identified MEAOS 2008 as an effective platform to meet international industry leaders and discuss the emerging and future opportunities," said Virender Aggarwal, director and senior vice president for Satyam's Asia-Pacific, Middle East, India and Africa operations.

A recent study by SITA shows that 2-2.5% of airlines' revenues during the past seven years was invested in IT. Satyam's management is confident this figure will grow in line with the industry's ongoing development.

"Taking into consideration the growing investments of the region towards the development of the aviation industry, we can expect considerable growth in IT infrastructure spending among leading and emerging aviation companies to enhance customer experience and internal process efficiency," Aggarwal added.

For all the latest tech news from the UAE and Gulf countries, follow us on Twitter and Linkedin, like us on Facebook and subscribe to our YouTube page, which is updated daily.