Global Investment in Aviation Summit (GIAS) is currently lining up aviation related development & operations projects for presentation to over 200 local and global investors during the global event scheduled on January 27-29, 2019 at the InterContinental Dubai Festival City. GIAS is an initiative of UAE General Civil Aviation Authority (GCAA).
Global aviation industry has seen unprecedented growth in the recent decades as higher volume of air travel has been recorded, resulting to the need to develop and upgrade airports & other aviation facilities. Several green field airports are also being developed to cater to underserved and new markets. An increase in aircraft financing market has also been evident, opening wider investment opportunities to what was once a mere niche investment.
Locally, UAE has earmarked USD23.16 billion for expansion and development of its airports and is pushing to expand its combined national fleet to reach 502 aircrafts and to achieve current year’s target of 300 million passengers. With these developments, UAE aviation sector is expected to contribute close to Dh200 billion to the economy by 2020, and providing up to 750,000 jobs.
UAE catered to around 882,600 flights last year. Dubai International Airport recorded a number of travelers reaching 91.3 million, Abu Dhabi International Airport processed 24 million travelers, while a recorded 9.76 million travelers were processed in Sharjah International Airport. Last year, 13 international new destinations were added increasing routes for UAE national carriers to 444.
Addressing the media, H.E Al Suwaidi said, “The high-growth aviation industry demands continuous investments; and it is befitting for the UAE to host the Global Investment in Aviation Summit – where industry leaders could network, assess and engage on deals for developing new capabilities for the aviation industry.”
Foreign investment in aviation has been widely increasing pushing robust growth of the sector. In Saudi Arabia, its General Authority of Civil Aviation has held a roundtable discussion to look into potential investment opportunities in the operation and construction of its airports with the British companies. This move is in line with Saudi’s vision to exceed 30 million passengers by 2030.
In India, 100 new airports will be constructed within the next 10-15 years. Investment for this massive development will be close to $60 billion.
GIAS carries the theme, ‘Linking Developed and Emerging Markets through Attractive Aviation Investment Opportunities’. It aims to be a catalyst for global opportunities within the aviation industry and related sectors by forging investment partnerships for developed and emerging markets. Among its many unique features is an online portal where aviation projects can be submitted to global investors including sovereign wealth funds, private equities, private sector companies and family offices, Chambers of Commerce and Industry, banks and other financial organizations for promotion of investment.
The 3-day exclusive event anticipates to promote investment flow in hundreds of millions in dollars offering countries, organizations, and corporations seeking investment the ideal platform where they can meet with investors, pitch their projects and negotiate financing plans.
The awareness levels of around 2,000 participants will increase from knowledge sharing on the future of investment in their respective sectors. GIAS will also offer participants the opportunity to learn best practices on operational investment partnerships and the facilitation of deals especially during the crucial phase of the initial investment planning.
Further, the global network and investment opportunities accessible to GIAS participants allow aviation projects to penetrate the global industry; and enable even startups to gain an edge in the highly competitive market.
Investments in aviation has picked up in the recent years. According to Center for Aviation (CAPA), USD1.1 trillion will be needed for global airport capacity-expansion to include USD255 new airport projects and USD845 new runways, terminal buildings, runways, and terminal extensions.
GIAS website accepts airport and aircraft project financing submissions. For inquiries on GIAS event registration and investment opportunities, check GIAS website www.gias.ae
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