Tag Archives: HE Saif Mohammed Al Suwaidi

The General Civil Aviation Authority (GCAA) announced the launch of the much awaited second edition of the Global Investment in Aviation Summit 2020, which will be held on 27-29 January under the theme “Enabling Global Aviation Growth through Fund Raising and Key Partnerships”. The mega event will bring together more than 200 investors and 1,200 delegates including the world’s top leaders in the aviation sector. It will also see participants from selected government officials, aviation organizations, finance & insurance companies, aviation asset owners, aircraft operators & logistic service providers and legal consultants. The summit presents the most crucial projects and investment opportunities in the international civil aviation sector, which are the perfect window for entrepreneurs and specialists to explore the main opportunities and investment strategies. The aviation sector within the UAE continues to achieve remarkable growth rates in passenger traffic, accompanied by development & growth in infrastructure, technical equipment and quality of services provided. HE Saif Mohammed Al Suwaidi, Director General of the UAE General Civil Aviation Authority (GCAA), said, “The aviation industry is one of the cornerstones of the country’s economic development. The national agenda for 2021 aims for UAE to be the world’s first in the quality of the air transport infrastructure, thus enhancing the position that the UAE occupies in this sector. It plays an important role in supporting and sustaining the national economy, and contributes to marketing investment opportunities and directing them towards the best possible way, as well as attracting the most important international companies to the local markets.”  

Global Investment in Aviation Summit 2019 is all set to take place from January 27-29, 2018 at the Intercontinental Dubai Festival City with brainstorming on challenges and investment in aviation being the core objectives. The required modernisation of aviation infrastructure expansion, development, and modernisation to cater to anticipated increase in passenger and freight air traffic demand will reach USD 1.8 trillion by 2030. GIAS 2019 is an initiative of the UAE General Civil Aviation Authority (GCAA), which was established to create a leading, safe, secure and sustainable civil aviation system in the country. According to a report published by the International Air Transport Authority (IATA), global aviation will have to cater to over 14 trillion passenger traffic and 466 billion tonnes of freight traffic by 2034. This projection will show an increase of 14.5 per cent RPK and 4.2 per cent FTK, per annum respectively. The projected growth in global aviation industry will generate at least 99 million jobs and will contribute USD 5.9 trillion in GDP, a 122 per cent increase from 2014, according to the same IATA report. The UAE is investing substantially in upgrading the aviation infrastructure. HE Saif Mohammed Al Suwaidi, Director General, UAE General Civil Aviation Authority, said, “Aviation has been an important part of the UAE’s economic growth. One of the nation’s vigorous strength is its rapidly-expanding infrastructure, with spending of USD23.16 billion, including USD8 billion for expansion of Al Maktoum International Airport, USD7.6 billion for Phase IV development of Dubai International Airport, and USD 6.8 billion for expansion of Abu Dhabi International Airport. Collectively, the UAE increases its fleet per month by approximately 4-5 per cent and the total number of aircraft will …