$200 BILLION OF INVESTMENT TO FLOW INTO THE GCC

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By TESTCustomwebLP TESTCustomwebLP October 31, 2010 10:44

$200 BILLION OF INVESTMENT TO FLOW INTO THE GCC

Analysts have predicted that investment in the Gulf Cooperation Council’s (GCC) aviation sector could rise to more than $200 billion in the next decade. New aircraft on order totals $120 billion but another $40 billion accounts for the 200 new aircraft budgeted for by Qatar Airways, and another $20 billion for airports and airport infrastructure in the UAE. Saudi Arabia has also announced a $20 billion programme to upgrade existing airports by 2020.

Additional investment is expected to develop corporate business jets, spare parts manufacturing industries, aircraft maintenance and catering facilities, technical and training institutes.

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By TESTCustomwebLP TESTCustomwebLP October 31, 2010 10:44
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