Abu Dhabi – Mubasher: The UAE is expected to boost investments in the aviation sector over the next two decades to reach AED 1 trillion, helped by the growing demand for the sector’s local investments, General Civil Aviation Authority’s (GCAA) director-general Saif Al Suwaidi has said.
The GCC nation’s investment in airport infrastructure currently stands at AED 85 billion, Al Suwaidi added, noting that the sector will see a jump in investment inflows in the coming years.
The official further indicated that UAE government investments in the sector represent 90% of total inflows, while the private sector’s share does not exceed 10%.
The GCAA is on the verge of purchasing an advanced air traffic management system in the next period at a value of AED 120 million to be installed in Sheikh Zayed Center Office in an effort to enhance the efficiency of air traffic management.
