Dubai, Oct 14 (PTI) India gains nearly USD 612 million from Dubai”s air connectivity, while China gains USD 1.4 billion vis-a-vis alternate routes, according to UK-based consultancy firm Oxford Economics.
This connectivity will have a powerful impact on the local economy, according to Oxford Economics.
It estimates that Dubai”s aviation sector accounts for 125,000 jobs and contributes USD 11.7 billion to the country”s gross domestic product, more than 14 per cent of the total.
The study also indicates how Dubai”s aviation sector benefits other markets.
Oxford Economics” views found concurrence from academician and futurologist John D Kasarda, who said two-thirds of the world”s population lives within an eight-hour flight of Dubai, while one-third is within just 4 hours” reach.
Attributing Dubai”s success as a freight and passenger hub to such clear geographical advantages, futurologist said Dubai does not just have airports, it is an ”Aerotropolis” — a term that he claims to have coined.
Great air travel hubs like Dubai will be at the heart of globalisation”s next phase, Kasarda said.
Last year, 50 million people moved through the Dubai International Airport.
When completed, the new Al Maktoum International Airport, which is already receiving cargo flights, will have the capacity to handle 120 million passengers a year.
According to Kasarda, air transport connectivity has a major impact on international trade and these mega-hubs, rather than simply serving local economies, can transform them.
The real connectivity story takes place at Dubai Logistics City. This development brings together the new mega-airport and cargo hub with logistics, warehousing facilities and aviation services, he said.
It will be the world”s largest air-freight facility, capable of handling 12 million tonnes of freight each year.
However, the advantages of Dubai”s connectivity extend from the air to land and sea.
Dubai Logistics City, housing over 6,400 companies, is part of the Emirate”s free trade area and linked to the Jebel Ali Port. Cargo can move between the airport and seaport in under an hour and from there to the world beyond, he said.