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Saif al-Suwaidi, director general of civil aviation, announced that the volume of investments in the aeronautical sector would rise to more than 1 trillion dirhams over the next two decades during A press conference organized by the General Authority of Civil Aviation. He explains that current investments in local airports amount to about 85 billion dirhams, which contributes to increase the annual capacity of airports of more than 300 million passengers, stressing that the UAE accounts for 40% of investments in the Arab aviation sector. He said that government investments in the aviation sector in the country account for about 90% of total investments in the sector.
Delegations from 40 countries, including 20 airline representatives, 10 industry experts, 200 finance and aviation officials, and more than 300 major investors from the sector will share their ideas on 28 and January 29, 2019.
The summit comes at a time when the aviation sector of the region is growing at a record pace. The summit will focus on presenting the most attractive sectors for air investor plans, forecasting the future, development factors, public and private projects as well as government incentive programs for major aeronautical projects. "This summit is of great interest to the state, especially as we are proud of the aviation sector, which had a modest start several decades ago and is today one of the most important of its kind. one of the most active and vital sectors of the country.
Achievements and Goals
The World Aerospace Industry Summit in Dubai demonstrates the commitment to seek to strengthen the global aviation industry. The position of the UAE to be a leader in this sector. Given the achievements of the national aviation sector, we still have many goals to achieve: we plan to receive up to 118 million passengers at the Dubai International Airport in 2023 and 120 million passengers. passengers at the end of the second phase of Dubai South, and 200 million passengers once completed.
The Summit provides the local market-related aviation sectors with great opportunities to grow its business with new funds that the Summit will contribute to pumping. The summit is an ideal platform for investors and financial companies and companies active in aviation related industries to come together and form business partnerships for the benefit of the aviation industry.
Continuing Investment
He added that domestic airlines are investing billions of dollars to own the latest models of commercial aircraft, which will boost national economic growth, which requires the availability of financing services by the institutions concerned and the investors involved in the sector.
The contribution of civil aviation to the country's GDP ranges from 13 to 15%, and in Dubai the percentage is between 25 and 26%, which highlights the importance of the sector in the process of economic diversification and its central role in supporting other economic sectors such as tourism and trade. For investors from all sectors, not just in the aviation sector, the UAE is constantly developing the legislative and legal structure that encourages investment and provides an attractive environment for investors, as well as its flexibility to face challenges and decision-making that benefit the national economy.
Traffic Management System Al-Suwaidi reported that the Authority is in the process of purchasing a new air traffic management system for the installation of the air navigation center Sheikh Zayed during the coming period with investments of 120 million dirhams. Structuring the atmosphere (19659002) Expo
The aviation industry of the country is ready to host the Expo 2020. Al Suwaidi said that the infrastructure of L & # 39; Civil aviation is well equipped to cope with this event, which should see an increase in traffic He pointed out that the Authority coordinates with the 2020 Office and the various airports of the State , including Dubai Airport, Al Maktoum Airport, Abu Dhabi Airport and Sharjah International Airport to coordinate flight greetings during the day. 39; exposure. The United Arab Emirates leads the number of air traffic agreements, with a total of 174 agreements with 174 countries out of a total of 192 member states of the International Civil Aviation Organization (ICAO ).
The government's investment proposals around the world will be reviewed by senior officials and senior executives from the private sector. Current and future projects will be presented with a realistic and accurate perspective and provide a reliable environment for building strong and strong partnerships between investors and developers to make strategic investments in many companies represented at the Summit.
The UAE occupies a dominant position in the aviation industry of the region. With more than 540,000 aircraft a year, more than 113 airlines benefit. Its four national carriers include Emirates, Union, Flay Dubai and Arabian Airlines, with fleets of 4 to 5 aircraft per month, bringing to 525 the combined fleet of four domestic carriers at the end of 2018, as well as 300 on-demand aircraft.
The various activities, since the sessions of the World Aviation Summit, executive workshops, a seminar on investment destinations for the aviation industry, interactive sessions titled "Investors Lounge ", Acceleration events, ambassadors of the World Investment Summit,
Opportunities
Dawood Al Shezawi, CEO, Organization of Strategic Exhibitions and Conferences, said:" The conference focuses on investment, financing and profitability opportunities in the aviation sector in the UAE and the region, procurement, logistics and maintenance operations. conference will witness the presence of aviation ministers and leaders of major international companies operating in the sector, pointing out that about 80% of parties and companies q Those wishing to participate in the conference will be foreigners.
Connect the world's most prominent governments and foreign companies interested in investing in aviation infrastructure, particularly in the field of networking, technology and innovation.
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