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.
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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.
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By GlobalData
