Aviation and tourism to contribute $128bn to UAE’s economy in the next 20 years – IATA

It is also expected to account for 1.4 million jobs in the next two decades

A Reuters report, citing an International Air Transport Association (IATA) official, has stated that the contribution of the aviation and tourism sector to the UAE economy is expected to rise to $128bn in the next two decades.

Currently, these two sectors account for $47.4bn, or 13 per cent, of the UAE’s GDP.

The official also stated that currently these two sectors support around 800,000 jobs, but that it will likely support 1.4 million jobs in the next two decades.

Emirates and Etihad are two of the world’s biggest airlines.

Employment in the travel and tourism sector is expected to rise by 2.4 per cent per annum to 410,000 jobs which would be 5.9 per cent of the total employment in 2027.