Investors are keen to take advantage of the increasing opportunities within the aviation sector globally, consistent with business specialists.
“Over the past decade, because the international economy has improved, airlines have fully grown in profit, matured in terms of using higher capability management and value controls, and have benefitted from the explosion in demand for passenger air travel,” consistent with Aviation business Report discharged by KPMG.
Talking regarding the investment atmosphere prevailing in the UAE, Saif Mohammed Al Suwaidi, Director-General of General Authority of Civil Aviation (GCAA), aforesaid “being one in every of the largest aviation industries within the world, UAE is receptive attract investments from outside the country to our aviation sector, and that we welcome any capitalist to determine their business in our national carriers and airports. Tons of investors have currently started their business with the UAE’s Saudi’s sector, that is price over $I trillion.”
Al Suwaidi’s side “our airports and free zones have fewer restrictions on foreign capital and that we welcome any foreign capitalist to begin their company to contribute within the advancement of our sector.”
Tahnoon Saif, Vice-President of Aviation at city South, aforesaid “we created a platform at city South platform completely for part and maintenance activities. we have a tendency to are meeting our shoppers frequently with the support of GCAA, and our business is growing at Mohammed Bin Rashid part Hub. We have a tendency to are optimistic regarding growing our business any by 2020.”
Aidan Cronin, Ambassador of Ireland, highlighted another growing sector at intervals the aviation business on the margin of the networking event of worldwide Investment in Aviation Summit (GIAS).