Published on : Tuesday, April 4, 2017
As per the 6th Arab Aviation Summit’s white paper report released today, the tourism and aviation industry of the Middle East has become a major driving force for the economy of the region. It is expected to generate 5 percent growth and connect with more than 258 million passengers by 2035. In the next two decades, the potential market has the possibility to reach 414 million passengers. Accessible geographical location, world-class upgrades to the airports and the predicted growth will keep on enhancing the regional economy of the region which in return will increase job opportunities in various sectors.
In 2016, more than 3.8 billion travelers took to skies and this is predicted to reach 4 billion in 2017 as per the data presented by the International Air Transport Association, IATA. This figure has the potential to reach 7.2 billion by 2035 as predicted by the association.
The report put forward by the industry leaders says that Middle East region is a single market of 350 million potential travelers. It states that a protectionist approach to the industry will only stop the growth and additionally deter the sector’s ability to capture and service the under-served segments.