Boeing forecasts that Middle Eastern airlines will require 2,340 aircraft by 2029 with a total value of $390bn as the regional industry expands.
Boeing also estimates that the regional aviation industry will grow at an average of 7.1% a year for the next 20 years.
About 43% of the expected aircraft deliveries will be wide-bodies, confirming forecasts that the Middle East will play an increasing role in global aviation (long-haul), according to saudigazette.com.
Factors affecting the demand include tourism, government spending, low-cost airlines and deregulation. Massive expansion programmes were initiated for both airport infrastructure and fleet expansion.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
