Aviation industry set to more than double economic impact in Middle East by 2043, reveals report
Saudi Arabia, Oct. 16 -- The aviation sector in the Middle East is positioned for unprecedented growth over the next two decades, with total aviation-related jobs projected to increase by 134%, the highest growth rate of any region globally, according to a comprehensive white paper released by Aviation Business ME and GE Aerospace.The report titled, "Lifting Economies: The Impact of the Aviation Sector on Middle Eastern Economies," reveals that aviation's contribution to regional GDP will surge by more than 150% by 2043, reaching $730 billion and cementing the industry's position as a key driver of economic development across the region. More than 530 million passengers, twice the current number, are projected to travel through the region, ...
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