The International Air Transport Association (IATA) released its latest study on the importance of air services to the United Arab Emirates.
The study shows that, prioritization of aviation transport in the country could serve as a strategic asset in years to come. In line with this, it shows an increase of $80 billion in GDP (Gross Domestic Product) for the nation’s economy and generate at least 620,000 jobs by 2037.
Data shows the significance of aviation in contributing to UAE’s economy. At present, the air industry provides not less than 800,000 jobs and contributes $47.4 billion to the economy of the country.
IATA identified that increasing airspace capacity can highly contribute in promoting the growth of UAE’s aviation. As of the moment, the growing demand leads to significant delays particularly in the Gulf Cooperation Council member countries.
Moreover, IATA thinks that the government should align infrastructure investment with expected growth. As the UAE is well known for its world-class air services, the changing needs and demands of the consumers should be in line with UAE’s well-known reputation in airline services.
Lastly, the association noted that continuing in developing and upgrading technology enhances efficiency and passenger experience. Faster adoption in upgrading technology integrated with future mode of transportation will enhance competitiveness of the UAE as aviation giant.
“Over the past 25 years, the UAE has experienced an economic transformation; aviation has been at the heart of this evolution. Few states have a better understanding of the economic benefits that aviation’s connectivity provides than the UAE. Government policy supporting the development of aviation has paid great dividends. Today the UAE is ranked number one globally for air trade facilitation, tops the Middle East region for visa openness, is an aviation powerhouse and its airlines carry the country’s flag to all corners of the globe,” said Muhammad Ali Albakri, IATA’s Regional Vice President for the Middle East.
He also said that, “To maintain the country’s competitiveness as a leading global aviation hub, sufficient air space capacity to meet demand, infrastructure investments aligned to growth and rapid implementation of new technology are essential.”