Boeing forecasts that the Middle East region will require 2,520 planes worth $450bn by 2030 for fleet expansion and replacement of existing aircraft.
The company announced that the Middle East’s fleet of passenger aircraft will grow from 1,040 jets to 2,710, an increase of 160%.
About 34% of the projected demand will be for planes to replace current aircraft, while 66% will come from fleet expansion plans as the region’s airlines gear up for significant growth over the next two decades.
Single and twin-aisle airplanes will account for 90% of the Middle East’s new aircraft deliveries over the 20-year period, according to the forecast.
The company has a backlog of 300 airplanes in the region.
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