Page 256 - SHARJAH AIRPORT PR REPORT - FEBRUARY 2024

The Middle East Aviation Market, valued at US$60 billion in 2023, is predicted to rise
substantially until 2030. Air connectivity in the Middle East had seen a 26 percent-plus growth

in 2022 as compared with 2019.
The Middle East airports are set to handle 1.1 billion passengers by 2040, more than double the
2019 figure of 405 million passengers. They will be required to invest around US$151 billion in
capacity expansion. The region, with over 110 airports, is among the fastest-growing aviation
markets in the world.
Airport developers, officials, and suppliers from across the world will come to Dubai in mid-

May 2024 to participate in the world’s largest annual event dedicated to the global airports
industry. The 23rd edition of the three-day B2B event at the Dubai World Trade Centre (DWTC),
the Middle East’s leading exhibition and convention venue, will have more than 150 exhibitors

from more than 20 countries and 7,500 visitors from over 30 countries attending. The Airport
Show will have co-located events – ATC Forum, Airport Security Middle East, and the 11th
edition of the Global Airport Leaders Forum (GALF).
His Highness Sheikh Ahmed bin Saeed Al Maktoum, President of the Dubai Civil Aviation
Authority, Chairman of Dubai Airports, Chairman and Chief Executive of Emirates Airline and

Group, and Patron of Airport Show said: “The business event will provide the industry
professionals from Middle East, South Asia, and Africa region, the opportunity to see
innovations in airport sustainability, digitalization, and urban air mobility.”
He added: “Airport Show will remain the best venue to select and source the cutting-edge

technologies and newest innovative products to better the airport operations.”
Organized by RX, part of RELX, a global provider of information-based analytics and decision
tools that organizes about 400 events in 22 countries across 42 industry sectors, the show is
supported by prominent players in the aviation industry, including the Dubai Civil Aviation
Authority (DCAA), Dubai Airports, Dubai Aviation Engineering Projects (DAEP), and dnata.

Remarked May Ismail, Event Manager at RX: “The airport industry will be back to full business
when we meet in 2024. The pace of growth and expansion that was halted is back at a
phenomenal rate. The projects that took off again clearly suggest there is no end to expansion
and growth. What had been put on the back burner is now in the front.”

According to a CAPA report, 425 major construction projects were on at existing airports
worldwide, with US$450 billion in investments. There were 225 new airport projects and more
than 70 percent of the investment was in Asia Pacific. There were 1074 airport investors, of
which 258 were airport operators, groups or consortiums. About 68 percent of all projects
were based on terminals, either expansions or new developments. A report has disclosed that

the global airport construction market grew to US$1.14 trillion in 2023, and would reach
US$1.8 trillion by 2030.
Dubai International Airport, the world’s busiest airport for international travelers continuously
for nine years, is also building up the capacity and facilities to make the hub more impressive.

Now serving 250 destinations in 104 countries through 95 airlines, DXB has mega expansion

https://globalsupplychainme.com/me-airports-expanding-in-fast-forward-mode/