d3ayat.com presents the Overview of Middle East’s Aviation Business
Published: 26/05/2011 by Marwan Al-Ahmadi - مروان الأحمدي
The Middle East’s aviation business is setting new trends with its fast pace expansion in last few years. Many Arabian companies see this as the perfect opportunity to invest in the airports infrastructure and expanding airlines operations.
According to an estimate by the Middle East Business Aviation Association (MEBAA), the Middle East aviation business is expected to grow at a rate of 15-20% per year. This growth pattern is supposed to continue for the next 4-5 years. This predicts the Middle East aviation business to touch the mark of $1 billion annual revenue in coming years. This is certainly an encouraging projection for major international aviation businesses to rush to the Middle East.
In last couple of years, a significant upsurge has been witnessed in the Middle Eastern aviation business with the addition of around 40% more jets to the region’s sky space. Today, there are more than 500 registered aircrafts that fly over the Middle East sky. There are 22 jet operators that operate their flights to serve the passengers of this region that is expected to grow significantly in the coming years.
A lot of financial investment has been sensed in the maintenance and support of the growing aviation sector of the Middle East. The transformation needs for the aerial landscape of the region demand for huge investment of money and technology partnerships. All this is contributing significantly to the economical growth of the region.
d3ayat.com expects a stupendous growth in the aviation business of the region because of the growing interests of the international community in this region. The region is very fast emerging as a destination for international business. This development demands for a better airport infrastructure with more aerial connectivity with the international destinations. Therefore, organizations engaged in aviation business have a golden chance to take benefit of this changing aerial landscape of the Middle East.