The Middle East’s aviation market will grow by 5 percent and will see an extra 258 million passengers a year on routes to, from and within the region by 2035, according to new figures released by the International Air Transport Association (IATA).
It said that the UAE, Qatar and Saudi Arabia will all enjoy strong growth of 6.3 percent, 4.7 percent, and 4.1 percent respectively, adding that the total market size will be 414 million passengers.
Globally, IATA said it expects 7.2 billion passengers to travel in 2035, a near doubling of the 3.8 billion air travelers in 2016.
The prediction is based on a 3.7 percent annual compound average growth rate (CAGR) noted in the release of the latest update to the association’s 20-Year Air Passenger Forecast. More info
By Staff www.arabianbusiness.com