Dubai’s Aviation Sector to Contribute AED196 Billion to Economy by 2030

The Emirates Group and Dubai Airports have released a landmark study highlighting the pivotal role of Dubai’s aviation sector in the emirate’s economy.

Conducted by Oxford Economics, the report reveals that in 2023, aviation accounted for AED137 billion ($37.3 billion) in gross value added (GVA), representing 27% of Dubai’s GDP. The study forecasts this contribution to rise to AED196 billion by 2030, equating to 32% of the city’s GDP.

H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates Airline & Group and Dubai Airports, emphasized the sector’s significance in Dubai’s long-term economic strategy, particularly under the D33 Economic Agenda. The aviation sector’s growth is fueled by strong air connectivity, positioning Dubai as a global hub for trade, tourism, and logistics.

In addition to its direct economic impact, aviation-facilitated tourism contributed AED43 billion in 2023, with projections indicating this will rise to AED63 billion by 2030. The sector also supported 631,000 jobs in 2023, with a forecast to create 185,000 more by 2030.

The study underlines Dubai’s strategic investments in expanding its aviation infrastructure, including the development of Dubai World Central - Al Maktoum International, which is set to become five times larger than Dubai International, further cementing the city’s status as a global aviation powerhouse.

News Source: Emirates News Agency