By Issac John www.khaleejtimes.com
Dubai: The overall economic impact of both aviation and tourism related activities in Dubai will rise to $53.1 billion in 2020 and hit $88.1 billion by 2030 and will support 1,194,700 jobs, Oxford Economics said on Monday.
By 2020, as Dubai expects to welcome over 20 million visitors for Expo 2020, it is estimated that Emirates will fly 70 million passengers, and the airline and its partners are already progressing plans for the right infrastructure to be in place to support and capitalise on passenger growth, Oxford Economics said in its latest forecast entitled “Quantifying the Economic Impact of Aviation in Dubai”.
The report was made using industry growth forecasts and modelling projections based on current expansion plans for Dubai International and Al Maktoum International at Dubai World Central.
The report said projects to support the six month mega-event in Dubai are already underway. “This includes a sizeable increase in airport capacity, which encompasses expansion of airspace, airfield, stands and terminal areas to allow Dubai International to accommodate 60 per cent more aircraft stands by 2015, and service 90 million passengers by 2018. By 2020, Dubai International is estimated to receive 126.5 million passengers, almost 30 per cent higher than its original 2010 assessments.” More info