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ME aviation sector pumps $157.2bn into region's GDP

NEW YORK, July 20, 2016

Aviation is vital to the modern, globalised world, supporting millions of jobs and driving economic growth. The Middle East has seen impressive expansion in its aviation industry in recent years with air transport supporting 2.4 million jobs and contributing $157.2 billion to the region’s GDP, a new report has shown.

According to the report "Aviation: Benefits Beyond Borders", issued by the Air Transport Action Group (ATAG), Worldwide, aviation supports 62.7 million jobs and generates $2.7 trillion in gross domestic product (GDP). Not only does air transport provide significant economic benefits, but it also plays a major role in the social development of people and communities all over the globe, allowing people to travel for educational opportunities and cultural exchange, more broadly.

In the next 20 years, forecasts suggest that aviation-supported jobs worldwide will increase to over 99 million and GDP to $5.9 trillion and the Middle east is forecast to be the fastest growing region in the world.

The Gulf region continues to consolidate its position as a global hub, connecting the European and Asia-Pacific markets. However, issues with capacity remain. If the Middle East is to realise its economic potential, further investment in infrastructure, particularly air traffic management, is needed, the report pointed out.

Hanan Qabartai, director Middle East Affairs for the Civil Air Navigation Services Organisation (CANSO), said: “Middle East is the fastest growing air traffic region but future growth and the resulting economic benefits will only be realised if states invest in air traffic management infrastructure and harmonise airspace. CANSO is asking states to organise airspace according to operational requirements rather than national borders; allow more flexible use of military airspace; and cooperate with each other across the region. CANSO’s goal is to achieve safe, harmonised, and seamless airspace to secure the region’s future. It is working hard to achieve this through joint initiatives such as the Middle East ATM Enhancement Programme (MAEP).”

ATAG executive director Michael Gill says that the adoption of the 2030 Agenda for Sustainable Development at the United Nations highlights a number of goals that the international community should strive to achieve by 2030: “We found that air transport in some way supports 14 of the 17 Sustainable Development Goals, from decent work and economic growth to quality education and reduced inequalities. By continuing to grow in a sustainable manner, aviation can strive to be a force for good for many years to come.”

“A significant factor in our work on sustainable development is the industry’s world-leading climate action plan. We need support from governments around the world to agree on a key part of that plan at the upcoming International Civil Aviation Organisation Assembly, where we hope an agreement can be reached on a global offsetting scheme for air transport. It is a vital part of our industry’s future role in helping to support development worldwide.”

Abdul Wahab Teffaha, Secretary General of the Arab Air Carriers Organisation (AACO), added: “Arab governments have mostly considered air transport as an integral pillar to national sustainable economic development. However, the fast-pace growth of the sector in the region, which is projected to continue at least in the coming 10 to 20 years, requires further focus on airspace infrastructure development, safety oversight and security matters in order to maintain the development of civil aviation in a safe, secure, economic and sustainable manner”. - TradeArabia News Service
 




Tags: economy | GDP | aviation | growth | Middle | East |

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