In the UAE specifically, air passenger traffic could grow at a rate of
a compound annual growth rate of 4.7 per cent during this period. This trend is likely to be evident in the Dubai and UAE market as well. For example, the 2013 Dubai Air per year. Show set a global record with a US$162.6 billion (AED 597 billion) order booked within three hours of opening. This was largely on the back of deals announced by Abu Dhabi’s Etihad Airways, Dubai’s Emirates Airline and flydubai, and Doha-based Qatar Airways. While the next iteration of the aviation exhibition in 2015 might not produce such headlines, there is still an expectation of several large announcements.
6.6%
The fleet The capacity additions at Dubai airports have enabled fleet expansions for its local carriers. Indeed, Emirates Airline and Dubai Airports have worked in tandem to foster aviation growth in the emirate. The flagship carrier has experienced substantial growth over the last decade. During the 2013 Dubai Air Show, Emirates announced the purchase of 50 Airbus A380 and 150 Boeing 777X, at a combined value of US$ 99 billion (AED 363.6 billion). In the 2013/14 financial year, the Emirates Group invested AED 22 billion (US$ 6 billion), its most in a single fiscal year.
According to the association, approximately 60 per cent of GCC region’s airspace is reserved for use by national and international air forces operating in the region, limiting civilian capacity. 16 JULY/AUGUST 2015