According to the latest projections from Boeing, the Middle East region will require $745bn in aviation services through 2037 in order to meet continued demand in both passenger and freight traffic.
The global aerospace manufacturer noted that the demand within the region calls for the addition of over 3,000 new commercial aircraft over the next twenty years. Such a development would undoubtedly require an increase in aviation services, such as supply chain support, improved aircraft modification capabilities, as well as traditional maintenance and engineering services.
Commenting on the region’s development, Ihssane Mounir, senior vice president of Commercial Sales & Marketing for The Boeing Company, said: “The Middle East is an unmatched location to connect the growing markets of Asia, Europe and Africa. This feeds the appetite in the region for new commercial aeroplanes and the services to operate and maintain those jets.”
As part of its Services Market Outlook (SMO) 2018-2037 – Middle East Perspective report, the aerospace manufacturer noted that the increase in aircraft within the region would call for more services aimed at improved fleet productivity and reduced operating costs.
Other findings from the report noted that the Middle East region will drive more than 8% of global demand for aviation services and will grow at a projected 4.6% annually.
Additionally, roughly 218,000 new personnel will be required within the region over the next 20 years. This includes 60,000 pilots, 63,000 technicians, and 95,000 cabin crewmembers.
Debra Santos, chief marketing officer of Commercial Services at Boeing Global Services, shared: “Our Middle East customers gain tremendous value when we pair their operational knowledge with our OEM expertise, advanced technologies, and decision support tools to help maximize efficiency in their operations.”
She added: “This gives their passengers a positive flight experience that keeps them coming back.”