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Thu 20 Jun 2019 11:33 AM

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UAE aviation sector to hit $88.1bn by 2030

Last year the sector contributed 15 percent to the UAE's GDP

UAE aviation sector to hit $88.1bn by 2030

The aviation sector in the UAE is projected to reach AED323.6 billion ($88.1 billion) by 2030, according to the Airport Council International (ACI) World.

Last year the sector contributed 15 percent to the country’s GDP.

The expected increase comes as ACI revealed Dubai World Central – Al Maktoum International Airport is rated 19th internationally in terms of volume handled. Once completed, it is expected to become the largest airport in the world with a capacity of up to 160 million passengers and 12 million tonnes of air freight volume annually.

In a report by UAE news agency WAM the ACI rated Abu Dhabi International Airport as the Best Airport Operator of the year category, while Sharjah International Airport was name the country’s third best.

In a previous interview with WAM in December last year, Saif Mohammed Al Suwaidi, director-general of the General Civil Aviation Authority (GCAA) said the UAE has invested an estimated $270 billion (AED1trn) in the aviation sector, which includes improvements to airport infrastructure and a fleet of 884 commercial aircraft.

Al Suwaidi said GCAA is replanning routes to neighbouring countries that will increase airspace capacity and generate annual financial savings of $14 million (AED50m) for airline companies.

The GCAA chief said passenger traffic across all UAE airports is expected to increase at a rate of 5.2 percent (142m passengers).

The UAE accounts for 45 percent of the Arab aviation sector, which takes into consideration the number of passengers and aircraft capacity, and the addition of up to five aircraft each month to the UAE’s four carriers.

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