Over 600 participants from 50 countries attend Global Investment in Aviation Summit in Dubai

H E Eng Sultan bin Saeed Al Mansouri, UAE Minister of Economy, and Chairman, General Civil Aviation Authority, in the presence of His Highness Sheikh Ahmed Bin Saeed Al Maktoum, Chairman, Dubai Airports; President of the Dubai Civil Aviation Authority; Chairman and CEO of Emirates Group and H E Saif Mohammed Al Suwaidi, Director General, General Civil Aviation Authority inaugurated the Global Investment in Aviation Summit (GIAS) on January 28. The UAE General Civil Aviation Authority and International Civil Aviation Organization (ICAO) signed a Memorandum of Understanding (MoU) at the ceremony to develop and expand cooperation for the establishment of Sheikh Mohammed bin Rashid Global Aviation Award (SMBRGAA). The MoU will serve to stablish and implement joint efforts to promote the development of international civil aviation in a safe and orderly manner.
The opening ceremony of the summit included a series of keynote speeches and panel discussions for the senior policy-makers and business leaders to share their knowledge and expertise, and to extrapolate the current economic situation and opportunities. In his welcome speech, Al Mansouri said, “I am honoured to welcome you all on behalf of the United Arab Emirates government at the Global Investment in Aviation Summit, under the theme ‘Linking Developed and Emerging Markets through Attractive Aviation Investment Opportunities’. This global marketplace aims to promote investment and enhance international air navigation by encouraging discussions and agreements between governments and decision-makers and investors.”
He also stressed that by the year 2034, civil aviation will witness double increase in number of passengers compared to previous years. This will lead to the emergence of the need to implement modernisation and expansion of high-quality airport infrastructure, requiring more investment to match the anticipated investment of $1.8 trillion needed from 2015-2030.