UAE has been able to manage a consistent and robust growth in the aviation industry since its inception. This is further fuelled by steady and sizable investments made by the government in both aviation and tourism. The UAE aviation industry is one of the key driving forces behind the nation’s progression towards the diversified economy and reducing its dependency on oil.
Growth: Both aviation and logistics combinedly will be the highest contributor to the gross domestic product (GDP) after manufacturing by the year 2025 with Aviation accounting for 16 percent and logistics for 15 percent of the nation’s GDP. This clearly indicates that aviation is one of the key economic pillars of UAE.
Job Creation: In the next 20 years, the UAE’s aviation sector is expected to stand next to that of the US and China, according to Jeff Johnson, vice-president of Boeing International and president of Boeing Middle East. According to him, the UAE will require more than 55,000 pilots and 62,000 technicians in 20 years to manage this thriving growth. The aviation will be tripling its current capacity and set to add 3000 more airplanes to its already existing fleet in this same period.
Soaring Profits: This booming industry is propelled by four flagship carriers Emirates, Etihad, Air Arabia and FlyDubai. As per a forecast by rating agency Moody, both Emirates and Etihad will lead the success story of making the Middle East be the fastest-growing region in the world. The net profits are expected to improve 100 percent to $600 million in 2018, up from $300 million in 2017, while the global aviation industry net profit will rise to $38.4 billion in 2018, from $34.5 billion net profit in 2017, de Juniac said. Business aviation in the UAE is also booming at a very fast pace, and this growth is illustrated by combined figures for both Dubai airports equal about 50,000 UHNW passengers per year.
Secure and Safe Skies: Aviation industry is heading towards secure and safe skies by keeping security as its primary focus. The UAE has also prioritized civil aviation security and has taken considerable measures to guarantee the safety and security of its various operations. It is also cooperating with the International Civil Aviation Organization (ICAO) and is playing a vital role in maintaining regional and international civil aviation security.