UAE’s USD 272 Billion Investment Towards Upgrading Its Aviation Sector

Posted by MarketsandMarkets on Jan 3, 2019 6:18:06 PM

The Middle East is the world’s dynamic region when it comes to the rapid development of its resources, infrastructure, and growing its demand to the world. Once entirely dependent on the oil & gas sector, it is now home for the world’s third busiest airport with no signs of slowing down.  As per IATA, the Middle East is expected to experience robust growth at 5% with an increase in 322 million passengers a year on routes to, from, and within the region by 2036. To cater this exponential demand, the Middle East needs to overcome the fragmented airspace structure and with efficient infrastructure.

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Topics: Aerospace and Defence, air traffic management market, FIGURE 2 UAE AIR TRAFFIC FORECAST

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