São Paulo – The General Civil Aviation Authority (GCAA) of the United Arab Emirates is organizing, for January 28 and 29, 2019, in Dubai, the first Global Investment in Aviation Summit (GIAS), aiming to promote the industry’s business and the country as an international hub for the sector.
The organization expects to gather 500 industry officials from varied sectors of the commercial aviation production chain, such as manufacturers, carriers, financial institutions, investors, maintenance companies, parts and services suppliers, among others.
The organization lists aviation figures from the UAE itself as appeal. According to a statement released by the GCAA last weekend, the UAE is investing USD 23.16 billion in the development and expansion of airports.
Besides, the four national carriers have a fleet of 502 aircrafts – a number that should reach 525 until the end of the year – and other 300 orders made to manufacturers. The national carriers are Emirates Airline, Etihad Airways, flydubai and Air Arabia.
“The UAE is the largest airline market and aviation hub in the Middle East and North Africa and it is still the most vibrant market where the airlines are adding new aircraft every month to their fleet,” Saif Mohammed Al Suwaidi (in the left in the picture above), Director-General of GCAA, in a statement.
He added that, more than a market, the country is now part of the global aircraft manufacturing supply chain with Strata, the Abu Dhabi-based company that produces parts for Boeing and Airbus. The company is owned by holding Mubadala.
In the global scenario, the organizers report that the demand for air transportation should grow, on average, 4.3% per year in the next two decades, and that the number of aircrafts in use by airlines should climb 44% until 2028.
Translated by Sérgio Kakitani
