The support to the aviation sector is appreciated Dubaiwhich consists of Emirates Group and Dubai airports”Dubai International Airport Dubai World Central – Al Maktoum International Airport and other entities will contribute to the economy of the Emirate of Dubai during the year 2023, with a value of 137 billion dirhams, or 37.3 billion US dollars, in gross value added, equivalent to 27 percent of Dubai’s gross domestic product.
This included the basic economic impact of 94 billion dirhams, and the stimulus impact of tourism, to which the aviation sector contributes, of 43 billion dirhams.
These numbers are expected to witness steady growth, as aviation activities facilitated by Aviation are expected to contribute The UAE And an institution Dubai Airports In the amount of 196 billion dirhams, or 32 percent of Dubai’s GDP by 2030 at 2023 prices.
Activities related to the aviation sector also contributed to the creation of 631,000 jobs in Dubai, equivalent to one in every five jobs in the emirate in 2023.
The number of jobs related to the aviation sector is expected to grow by another 185,000 jobs by 2030, with the total number of jobs supported by the aviation sector in Dubai expected to grow to 816,000 jobs.
A previous report on the economic impact issued by Oxford Economics in 2014 showed that the aviation sector contributed 27 percent of Dubai’s GDP and supported 417,000 jobs.
While the latest results indicate that Dubai’s GDP share has remained stable, the total value added of the sector has witnessed growth in real terms, as the current numbers reflect faster growth in other sectors, as well as the increasing diversification of the economy over the past decade.
Dubai’s vital investments to enhance the future of the aviation sector and ensure its continuation as an economic engine are evident in the major ongoing investments to expand capacity and operations at Dubai International Airport, in addition to the new Al Maktoum International Airport, which will cost 128 billion dirhams and will be five times the size of Dubai International Airport. Its first phase is scheduled to be completed within 10 years.
Upon completion of the final phase, Al Maktoum International Airport will be able to handle 260 million passengers annually, and will include more than 400 aircraft gates. The expansion of Al Maktoum Airport was not included in the main economic impact results of the study; However, the project is expected to contribute an estimated AED 6.1 billion to Dubai’s GDP in 2030, as well as support 132,000 jobs.
The new airport and its surrounding infrastructure will contribute to supporting the objectives of Dubai’s D33 Economic Agenda, which aims to enhance the emirate’s commercial and tourism status.
The ambitious development plans of the Dubai Economic Agenda D33 also seek to make Dubai one of the most connected cities by adding 400 destinations to the foreign trade map, in addition to making it one of the five largest logistics centers in the world.
The aviation sector is one of the main drivers of the growth of international tourism traffic to Dubai. As one of the most visited destinations in the world, visitors spent an average of 3.8 nights in 2023, spending an average of AED 44,300 on hotels, restaurants, attractions and shopping.
According to the report, international visitors traveling to Dubai spent an estimated 66 billion dirhams last year.
In total, tourism spending, to which the aviation sector contributes, is estimated to contribute about 43 billion dirhams to the gross value added, or 8.5 percent of Dubai’s GDP, and support 329,000 jobs.
More than half of the total value added, estimated at 23 billion dirhams, came from passengers traveling to Dubai on board Emirates Airlines.
The tourism sector in Dubai is expected to witness significant growth over the next six years, as tourism spending, to which the aviation sector contributes, is expected to support 63 billion dirhams of gross value added, equivalent to 10 percent of Dubai’s expected gross domestic product, in addition to Supporting 1 in 8 jobs in Dubai.
The study was prepared by the leading global research firm Oxford Economics, and included an assessment of the direct economic activity resulting from the aviation sector, the indirect activity resulting from the supply chain in the sector, and the stimulating activity that is supported by consumer spending financed by wages by the local workforce in the aviation sector.
The study also evaluated the stimulating impact of tourism spending contributed by the aviation sector in Dubai.