Dubai's aviation comprises 22% of GDP in 2030 - Beacon

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Thursday, October 24, 2024

Dubai's aviation comprises 22% of GDP in 2030

Rapid  growth of aviation industry in the UAE

Dubai aviation sector’s is forecast to contribute 196 billion UAE dirhams ($53 billion) or 32% of its GDP by 2030, up from AED 137 billion in gross value added reported in 2023.

The core impact of the sector is expected to grow to AED 132 billion in gross value added in 2030, comprising 22% of GDP, while supporting 386,000 jobs, according to a new report by Emirates Group, Dubai Airports, and research firm Oxford Economics.

Additionally, aviation-facilitated tourism is expected to contribute AED 63 billion in 2030 (10% of Dubai’s GDP). Jobs generated in the sector is set to grow to 816,000, making up one-quarter of all jobs in the emirates by 2030.

Dubai’s Emirates has charted an expansion plan that is central to fostering the growth of the aviation industry. However, the airline is not ruling out the issue of Boeing’s delivery issues as a concern.

Emirates is expected to make a decision this year on a purchase of further Boeing or Airbus models for its fleet beyond 2028/29.

In the meanwhile, to meet the growing demand, Emirates is scaling up its retrofit programme. It also expects the delivery of 65 Airbus A350s from this year until end of 2028.

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