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.
.@Reuters: The #UAE’s aviation and tourism market is likely to support 1.4 million jobs in the next 20 years, the @IATA official said. The UAE is home to two of the biggest global airlines, Emirates and Etihad. pic.twitter.com/4ZiDb2zRHG
— Dubai Media Office (@DXBMediaOffice) October 8, 2019
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.