According to a recent report, the UAE will be one of the Gulf’s best-performing economies in the coming years as the UAE is positioned for growth. Last year the GDP growth increased to 3.8% from 3.1% in 2014. According to Capital Economics’ Q2 2016 Middle East Outlook, the average GDP growth for countries in the region will be just 1.3 per cent. But institutions, including the International Monetary Fund (IMF) and International Institute of Finance, have predicted the UAE can expect growth of up to three per cent.

Aviation is vital for UAE’s Future

The UAE is currently one of the world’s leaders in aviation, and growing. According to the National Editorial, the growth of the aviation sector over the past 20 years is testament to the country’s ability to diversify the economy away from hydrocarbon sales. In a remarkably short time, the UAE has emerged as one of the world’s leaders in aviation. The present challenge is to maintain this edge through sound long-term strategy and building the best infrastructure in the world.

With three major international airports, including the world’s busiest, the UAE stands to benefit from proposals such as the Middle East Air Traffic Management Programme. If implemented, the programme, which would tie together aviation authorities and regulators from the UAE, Saudi Arabia and Bahrain, would help keep the airways flowing smoothly.

The Growth Effect

Lata claims the passenger travel will be 7.2 billion by 2035. The forecast puts forward three scenarios. The central scenario foresees a doubling of passengers with a 3.7 per cent annual CAGR. If trade liberalisation gathers pace, demand could triple the 2015 level. Conversely, if the current trend towards trade protectionism gathers strength, growth could cool to 2.5 per cent annual CAGR which would see passenger numbers reach 5.8 billion by 2035.

With these numbers you can expect the aviation industry will be looking to fill more positions, specifically in 2017 and they gear up for economic growth and travel demand. Don’t forget to sign up with Baymac for access to member-specific programs such as tailored Healthcare plans and Loss of Income insurance.

Sources:
http://www.khaleejtimes.com/business/economy/uae-to-start-2017-on-strong-note

http://www.khaleejtimes.com/business/aviation/uae-airlines-to-lead-middle-east-passenger-growth

http://www.thenational.ae/opinion/editorial/aviation-is-vital-for-uaes-future