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Tremendous Potential for Airport Infrastructural Development as Middle East Prepares for 'Take-off' to Become the Global Hub of Air Travel - The growth of Middle East's aviation industry has been notable, and has been further amplified as a result of the impact of the global economic slowdown on other regions
Tremendous Potential for Airport Infrastructural Development as Middle East Prepares for 'Take-off' to Become the Global Hub of Air Travel

 

NewswireToday - /newswire/ - Dubai, UAE, United Arab Emirates, 2009/12/21 - The growth of Middle East's aviation industry has been notable, and has been further amplified as a result of the impact of the global economic slowdown on other regions.

   
 
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Despite the slowdown, the aviation industry in the region has expanded and is expected to grow further. This will mandate facility enhancement and hence the need for airport infrastructural development.

New analysis from Frost & Sullivan (aerospace.frost.com), Middle East Airports Infrastructure Market, finds that Middle East airports will invest $86 billion in expansion plans. This is estimated to double after 2025, with major airports in the region pursuing their aim of becoming global hubs. This emerging dominance, coupled with an A 380 order backlog of 50 per cent of global deliveries, will drive the aviation industry as a whole in the Middle East.

If you are interested in more information about this study, please send an email to Tanu Chopra / Nimisha Iyer, Corporate Communications, at tanu.chopra[.]frost.com / niyer[.]frost.com, with your full name, company name, title, telephone number, company email address, company website, city, state and country.

"The emergence of the Middle East as a global hub in the future is attributed to the expansion of the 12 major airports across the region that constitute over 90 per cent of the total investment of $86 billion in the region," notes Frost & Sullivan Research Analyst Gautam Ratan Kanal. "The current economic slowdown will not impact the Middle East commercial aviation industry and airport development activities will persist despite the slowdown as most expansion activities are funded by governments in these countries."

The cumulative effect of these factors is reflected in statistics related to market growth. Passenger traffic, cargo traffic and aircraft movement across major airports in the region is expected to grow at a compound annual growth rate of 8.7, 8.5 and 4.8 per cent respectively from 2008 to 2015. The Middle East is projected to be the only region that will witness an increase in traffic as a result of the growing demand for air travel in the region.

The Middle East airports infrastructure market is mutually interrelated to the growth in traffic at these emerging global hubs. The 12 airports in the region, despite handling a majority of the traffic, do not have the capacity to cater to the growing numbers and hence have called for large-scale expansion. With 57 per cent of investments being allocated for construction and terminal expansion, the region is anticipated to offer significant potential for private infrastructural investors.

However, one of the main concerns for the market is the scarcity of land. Another key factor threatening market prospects is the political heterogeneity across the region.

"It is vital for governments to clearly identify their limitations and act accordingly for the welfare of the industry and the region," cautions Gautam Ratan Kanal. "The lack of technically skilled labour, unfeasible labour costs and scarcity of land are likely to hamper market growth in the region."

Following build-operate-transfer (BOT) models for expansion, with the grant of concession to private operators, is regarded as a solution to overcome these challenges. Private investors that have government backing will be in a better position to smoothly execute expansion and operation plans.

"The civil aviation authorities of respective airports need to examine private participation in expanding and operating airports in order to leverage operational efficiencies," concludes Gautam Ratan Kanal.

Middle East Airports Infrastructure Market Assessment is part of the Aerospace Growth Partnership Services programme, which also includes research in the following markets: Asia Pacific VLJ Market Assessment, Global Commercial Aviation Power Systems and Infrastructure Assessment, Strategic Analysis of the Indian Commercial Aviation Suppliers Market, Global Engine MRO Market and, Opportunities in the Indian Airports Infrastructure Modernisation and Development Market. All research included in subscriptions provide detailed market opportunities and industry trends that have been evaluated following extensive interviews with market participants.

About Frost & Sullivan
Frost & Sullivan, the Growth Partnership Company, enables clients to accelerate growth and achieve best in class positions in growth, innovation and leadership. The company's Growth Partnership Service provides the CEO and the CEO's Growth Team with disciplined research and best practice models to drive the generation, evaluation, and implementation of powerful growth strategies. Frost & Sullivan leverages over 45 years of experience in partnering with Global 1000 companies, emerging businesses and the investment community from 40 offices on six continents.

Middle East Airports Infrastructure Market Assessment / M436

 
 
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Tremendous Potential for Airport Infrastructural Development as Middle East Prepares for 'Take-off' to Become the Global Hub of Air Travel

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Publisher Contact: Tanu Chopra / Nimisha Iyer 
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