Middle East Business Aviation event attracts more exhibitors, visitors, aircraft; sector worth US$1.3 billion by 2020
MEBA 2014 – Middle East Business Aviation - is a must-attend for anyone involved in the private and business aviation sector. Attendees of the three day expo, from 8-10 December 2014, can expect to meet officials from the biggest names in the industry – Airbus, Boeing, Bombardier, Dassault, Embraer, Gulfstream, alongside local heavyweights such as Etihad Airways, Emirates Executive, Qatar Executive and Saudia Private Aviation.
Organised by F&E Aerospace on behalf of the Middle East & North Africa Business Aviation Association (MEBAA), this year's MEBA has a strong focus on anticipated sector growth, as business aviation analysts suggest the region's private business jet market is on course for a 13 to 15 per cent growth in 2014; bolstered by more aircraft orders and charter requests.
Ali Al Naqbi, Founding Chairman of MEBAA, says: “We are set to witness a fantastic event, with over 400 exhibitors, more than 8,000 visitors and some 50 aircraft on static display. MEBAA is looking forward to welcoming some of the world's most influential aviation players, in this purpose-built environment which underlines the importance of the business aviation sector to the regional economy.” He continues, “With the new venue at DWC plus an expanding FBO infrastructure coupled with footfall and demand forecasts growing, the event will surely set the benchmark for industry events.”
Michele van Akelijen, Managing Director, F&E Aerospace, confirms the range of exhibitors expected at the show, saying “This year, more than 70 per cent of our exhibitors are from outside the Middle East, representing 45 countries, from as far afield as the USA, Europe and Asia.”
Al Naqbi pointed out that at current growth rates, the sector is set to be worth US$1.3 billion by 2020, growing at a compound annual rate in excess of 9.4% over the next two years, according to an Infiniti Research report into the global business aviation market.
“Dubai is rapidly being declared the global aviation business hub. Recent figures from analysts Oxford Economics suggest the total aviation sector in this emirate alone supports more than 250,000 jobs and contributes over US$22 billion annually to Dubai's GDP; representing around 19% of total employment in Dubai and 28% of GDP. And that figure is growing,” says the MEBAA Founding Chairman.