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Global Investment in Aviation Summit to reshape aviation investment landscape

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The UAE General Civil Aviation Authority (GCAA) is holding the Global Investment in Aviation Summit on 28-29 January 2019 at the Intercontinental Dubai Festival City. GCAA will host more than 600 investors, speakers, and delegates along with a number of high-level officials and aviation professionals from more than 50 countries during the two-day global event.

HE Saif Mohammed Al Suwaidi, Director General, GCAA, said, “The broad international participation in this Summit reflects the importance of the aviation industry, which has become one of the most attractive sectors for investors seeking safe haven for their investment. The current stability of the aviation sector is attributed to the openness of different markets and the increasing demand for air services such as travel, air cargo, aircraft maintenance, information technology in air traffic, aircraft supply, aircraft engineering, manufacturing, and supply.”


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Al Suwaidi added, “Dubai has strengthened its position in various economic sectors. It has become an ideal destination for multinational companies, businessmen and investors, because of the diverse investment opportunities within a leading business environment. The emirate offers this to meet the needs of and to support various economic sectors.”

The launch of GIAS comes at a time when the volume of investment to modernize global aviation is projected to reach $1.8tn by 2030. Growing investments in different continents and regions are strong indicators that the investment trend is leaning toward more promising and bigger opportunities especially in Africa, Asia and the Middle East. Among the major cities investing for their aviation modernization and development are Jeddah ($7.2bn), Kuwait ($4.3bn), Argentina ($803m), South Africa ($632m), Egypt ($436m), Kenya ($306m), Nigeria ($300m), Uganda ($200m), and Seychelles ($150m).

The Summit aims to reshape the investment landscape of the aviation sector towards a qualitative and distinct level as would be witnessed by the large participation of aviation ministers, heads of aviation authorities, and major aviation companies. Participants will also witness the launch of the largest business incubator in the aviation industry to review during the Summit completed projects and those which are under development.

The summit also includes a preliminary program that is held on the day prior to the summit that includes masterclasses as well as workshops in aircraft and airport project financing.

Global Investment in Aviation Summit will witness the largest attendance and participation of the heads of aviation companies, decision-makers, economic experts, and government officials to review investment prospects in the UAE aviation sector, the whole of the Middle East and across the world.

Arabian Travel Market launches inaugural consumer event ‘ATM Holiday Shopper’

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Reed Travel Exhibitions, organiser of the annual Arabian Travel Market (ATM) showcase in Dubai, which will take place at the Dubai World Trade Centre from 28 April – 1 May 2019, has announced that it will host its first consumer day – ATM Holiday Shopper – as part of its line-up of special focus events.

Taking place on Saturday 27th April – the day before the official opening of ATM – the event will showcase over 30 travel and hospitality exhibitors from both regional and international destinations who will be offering a wide range of attractive travel and tourism discounts and deals for consumers attending the show.

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Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: “In direct response to industry feedback and consumer demand, we are proud to introduce a new and exclusive consumer event to ATM 2019. Whether simply looking for a deal on the Eid break or planning a long-haul getaway, ATM Holiday Shopper is designed to offer the very best discounts and deals. Talking to the experts face to face will also allow attendees to learn about a range of emerging and unexplored destinations and activities from destinations around the world.”

Travellers today do not want to be part of the crowd – they crave new destinations to explore which offer unique experiences, personalised to their tastes and expectations, according to research published by Colliers International.

Adding to this, a study by digital payment firm Visa revealed residents in the UAE are among the world’s top spenders when they travel abroad, with an average spend of around US$2,722 (AED10,000) during their last international trip.

The research by Visa on spending for future trips, including the booking stage as well as expenditure at their chosen destination, revealed residents from Saudi Arabia came out on top with a predicted average spend of US$4,800 (AED 17,600) on their next trip. Kuwait also featured in the top spenders, with a projected average spend of US$3,474 (AED 12,760), while travellers from the UAE plan to spend US$3,430 (AED 12,600) – more than the global median which is estimated at US$2,443 (AED 8,975).

“We are increasingly seeing the majority of outbound travel from the GCC countries taking place during summer as travellers actively seek cooler climates. European countries as well as destinations such as Georgia, Serbia, Azerbaijan and Thailand have been cited as some of the most popular destinations for UAE residents,” Curtis said.

“What we are seeing today, is a focus on great deals, however, it is important to note that GCC travellers are unlikely to compromise on the quality of the offering or the activities catering for both children and adults.”

While international travel will be a key focus, ATM Holiday Shopper will also offer a range of discounts and deals from within the UAE and of course the wider GCC region – with a number of hotels, leisure and cultural activities, spas and F&B outlets within Dubai, Abu Dhabi and the Northern Emirates as well as Oman and Saudi Arabia scheduled to exhibit.

The event will also feature a number of talks and presentations designed to provide travellers with an in-depth knowledge on a range of travel destinations and tour packages that cover all major attractions within any one country – as well as information on visa compliance and travel insurance.

Attendees can immerse themselves in faraway cultures with VR activations and enjoy a range of family entertainment throughout the day including cultural displays, theme park characters to meet, calligraphy, henna and falconry amongst many other activities.

Curtis, added: “ATM Holiday Shopper is a great addition to ATM 2019 and we look forward to welcoming consumers with a range of attractive discounts and incentives as well as providing a complete overview of some of the world’s leading travel destinations to further whet the appetite!”

ATM – considered by industry professionals as a barometer for the Middle East and North Africa tourism sector, welcomed over 39,000 people to its 2018 event, showcasing the largest exhibition in the history of the show, with hotels comprising 20% of the floor area.

ATM 2019 will build on the success of this year’s edition with a host of seminar sessions discussing the ongoing unprecedented digital disruption, and the emergence of innovative technologies that will fundamentally alter the way in which the hospitality industry operates in the region.

ATM Holiday Shopper will take place from noon – 8pm in Hall 1 of Dubai World Trade Centre on 27 April 2019. Tickets are priced at AED 50 per person with free entry for children under the age of 12.

About ATM Holiday Shopper

ATM Holiday Shopper is the brand new travel event for consumers offering the very best travel and tourism discounts and deals plus the chance to learn about a range of emerging and unexplored destinations and activities from destinations around the world.  The inaugural event will take place in Hall 1 of the Dubai World Trade Centre on Saturday, 27th April 2019 from 12:00 – 20:00.  For more information visit: www.atmholidayshopper.com 

About Arabian Travel Market (ATM)

Arabian Travel Market is the leading, international travel and tourism event in the Middle East for inbound and outbound tourism professionals. ATM 2018 attracted almost 40,000 industry professionals, with representation from 141 countries over the four days. The 25th edition of ATM showcased over 2,500 exhibiting companies across 12 halls at Dubai World Trade Centre.  Arabian Travel Market 2019 will take place in Dubai from Sunday, 28th April to Wednesday, 1st May 2019. To find out more, please visit: www.arabiantravelmarketwtm.com.

About Reed Exhibitions

Reed Exhibitions is the world’s leading events business, enhancing the power of face to face through data and digital tools at over 500 events a year, in more than 30 countries, attracting more than seven million participants.

About Reed Travel Exhibitions

Reed Travel Exhibitions is the world’s leading travel and tourism event’s organiser with a growing portfolio of more than 22 international travel and tourism trade events in Europe, the Americas, Asia, the Middle East and Africa. Our events are market leaders in their sectors, whether it is global and regional leisure travel trade events, or specialist events for meetings, incentives, conference, events (MICE) industry, business travel, luxury travel, travel technology as well as golf, spa and ski travel. We have over 35 years’ experience in organising world-leading travel exhibitions.

Aviation Ministers will be attending Global Investment in Aviation Summit GIAS2019

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The first edition of the Global Investment in Aviation Summit (GIAS 2019) will kick off in Dubai with the participation of the largest ever gathering of aviation ministers and heads of civil aviation authorities from around the world.

Taking place on January 28 & 29, 2019, GIAS 2019 will see the attendance of HE Eng. Sultan bin Saeed Al Mansouri, Minister of Economy and Board Chairman of the General Civil Aviation Authority (GCAA), Sheikh Salman Al Sabah, Chairman of Kuwait’s Directorate General of Civil Aviation, and Eng. Kamal bin Ahmed Mohammed, Bahrain’s Minister of Transportation and Telecommunication, Abdul Hakim bin Mohammed Suleiman Al Tamimi, Chairman of Saudi Arabia’s General Authority of Civil Aviation, Dr. Olumuyiwa Benard Aliu, President of the International Civil Aviation Organisation (ICAO), Hadi Sirica, Nigeria’s Aviation Minister, Blade Nzimande, South Africa’s Minister of Transport, Volodymyr Omelyan, Minister of Infrastructure in Ukraine, Monica Azuba Ntege, Uganda’s Minister of Works and Transport, Captain Sameh El Hefny, President of the Egyptian Civil Aviation Authority, and Ricardo Fenelon Junior, Director General of Brazil’s National Civil Aviation Agency.and other decision makers will also attend the two-day aviation event.

His highness Engineer Sultan bin Saeed Al Mansori the minister of Economy and head of Board of Directors of UAE- GCAA stated “The summit coincides with the remarkable achievement of increasing the number of passengers through Dubai international airport to reach over one billion, as it was stated by His Highness Sheikh Mohamed bin Rashid Al Maktoum, vice president of the state, Prime Minister and ruler of Dubai who expressed his delight over holding the event in Dubai to exchange experiences and information between international experts in aviation sector, as well as holding partnerships that would support investment in aviation. The Global Investment Aviation Summit in Dubai highlights UAE’s leading regional role in aviation sector which is a key pillar in enriching the national economy”.

The Minister of Economy and Chairman of the Board of Directors of GCAA confirmed that UAE concerns much with aviation field in terms of using the latest developments in modern technologies and specialized studies and the holding of many specialized events and active participation in local and international conferences, hoping to conclude agreements and deals that would increase the investment opportunities in aviation, stressing that the summit contributes to the promotion of the state’s efforts to attract investments in the aviation sector, to lineup with the state’s strategic position.

HE Saif Mohammed Al Suwaidi, Director General of GCAA, said: “The participation of aviation ministers and heads of air transport agencies and airline companies, as well as industry leaders and businessmen from all around the world, is a testament of the importance of GIAS. It also emphasizes the prestigious stature occupied by the UAE in the aviation industry, which is a key driver of economic growth in the country.”

He added: “The UAE’s aviation and air transport sector has made unique jumps during the past few years, where the state managed to reach milestones on a par with the leading countries in this sector, whether in terms of the number of flights taking off or landing every day at Emirati airports or the number of passengers.”

Highlighting the importance of the aviation sector, Al Suwaidi said: “The aviation sector has contributed significantly to cementing the UAE’s position as one of the leading countries that provide the highest quality air transport services, by harnessing the latest technologies and smart services in the aviation industry.”

The engagement of aviation ministers along with key industry leaders confirms the importance of GIAS, given the prestigious status occupied by the UAE in the airline industry regionally and globally.

The UAE is also ranked among top countries in the ease of doing business, in addition to its accumulated expertise in increasing the capacity of its international airports that achieved phenomenal growth rates in passenger traffic. All this has coupled with a massive expansion in its infrastructure and the fleets of its national carriers, use of the latest technological equipment and provision of quality of services, among others. 

The UAE is one of the leading countries in the world’s aviation and air transport sector, where aviation is one of the most prominent sectors that contribute to creating a sustainable economy, which ultimately leads to the country’s overall future sustainable development. The country seeks to become first globally in the airline service quality index after it achieved a unique shift in the size of its air transport infrastructure projects over the past few years.

The UAE focuses on the aviation sector, which contributes 15 per cent to the country’s GDP, and is expected to reach 20 per cent over the next few years. The national carriers are continuing their expansion in various foreign markets, thereby reinforcing the UAE’s position in the global air travel industry. Dubai has increased the capacity of its airports, in terms of the number of passengers and flights taking off and landing, in addition to its ongoing expansion plans to reach new destinations across the world.

GIAS 2019 will offer an ideal platform for ministers of aviation, airline companies and professionals in the air transport sector to keep them up-to-date with the latest developments on the airline industry, and allow them to gain insights into investment opportunities available in local, regional and global aviation markets

The event will focus on guiding investments towards six sectors, including aircraft maintenance, manufacturing and supply, aircraft engineering and technology, defense aviation, duty free markets and airline catering industry.

GCAA is the federal authority that manages and regulates the UAE’s airspace and the aviation sector in order to serve the public in a dynamic and thriving aviation environment.

eTurboNews is a proud media partner of this important event.

Source: http://www.gias.ae/  

 

Chinese visitors to GCC will increase 81% by 2022 says ATM report

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The number of Chinese tourists travelling to the GCC is expected to increase 81% from 1.6 million in 2018 to 2.9 million in 2022, according to data published ahead of Arabian Travel Market (ATM) 2019, which takes place at Dubai World Trade Centre from 28 April – 1 May 2019.

The latest research from Colliers International, in partnership with ATM 2019, reveals that the GCC countries currently attract just 1% of China’s total outbound market, however positive trends are expected over the coming years as 400 million Chinese tourists are expected to go abroad in 2030 – up from 154 million in 2018.

Looking at the economic drivers, China’s links with the GCC have strengthened in recent years due to the introduction of additional and direct airline routes; the strong growth of the Chinese economy and Chinese tourists’ increasing disposable income.

Keen to capitalise on this potential, figures from ATM 2018 show 25% of delegates, exhibitors and attendees were interested in doing business with China.

Danielle Curtis, Exhibition Director ME, Arabian Travel Market, said: “China is set to account for a quarter of international tourism by 2030 – and owing to its many business and investment opportunities, as well as a new generation of leisure attractions and retail destinations, the GCC is set to capitalise on this growth with millions of Chinese tourists about to make their first international trip.

“Last year, the number of Chinese exhibitors participating at ATM almost doubled and this trend looks set to continue as we look ahead to ATM 2019.

“Over the years, sentiment at ATM has reflected the growth in Chinese tourists to the GCC and today we have seen more hotel and travel professionals than ever before eager to capitalise on the significant opportunities presented by the Chinese market.”

The Colliers data shows Saudi Arabia will experience the highest proportionate increase in arrivals from China, with a projected Compound Annual Growth Rate (CAGR) of 33% between 2018 and 2022. Both the kingdom and China’s cultural and educational exchanges have been cited as one of the key elements driving this influx.

Looking at the remainder of the GCC, the UAE will follow with a forecasted CAGR of 13%, Oman at 12% and both Bahrain and Kuwait will steadily increase their Chinese visitor arrivals with a growth of 7%.

In the UAE, China is the fifth largest source market behind India, Saudi Arabia, the UK and Oman. Over the last 12 months, the UAE has stepped up its efforts to attract more Chinese visitors with Dubai’s Department of Tourism and Commerce Marketing (DTCM) recently signing an agreement with Chinese internet giant Tencent to promote the emirate as a preferred destination for Chinese travellers.

Meanwhile, in Oman, Bahrain and Kuwait passport holders from the People’s Republic of China can now receive a thirty-day visa on arrival.

“It is interesting to note that just 7% of the total Chinese population possess a passport, compared to approximately 40% of Americans and 76% of British. The outbound Chinese market therefore represents a vast, untapped pool of affluent and adventurous travellers and the GCC is stepping up its efforts to ensure it remains a destination of choice,” Curtis added.

Over the last 10 years, airports in the Middle East and China have shown the fastest increase in hub connectivity worldwide with Emirates, Etihad, Saudia, Gulf Air, China Eastern and Air China all providing direct flights between the GCC and various destinations in China.

Emirates, the leading passenger service provider from the GCC to China, now offers 38 weekly flights between both destinations.

During 2018, China Eastern announced plans to launch three-times weekly direct flights between Shanghai and Dubai – further complementing the airline’s three existing flights between Shanghai and Dubai, which have a stopover in Kunming, the capital of China’s Yunnan province.

ATM – considered by industry professionals as a barometer for the Middle East and North Africa tourism sector, welcomed over 39,000 people to its 2018 event, showcasing the largest exhibition in the history of the show, with hotels comprising 20% of the floor area.

ATM 2019 will build on the success of this year’s edition with a host of seminar sessions discussing the ongoing unprecedented digital disruption, and the emergence of innovative technologies that will fundamentally alter the way in which the hospitality industry operates in the region.

ENDS

 

About Arabian Travel Market (ATM)

Arabian Travel Market is the leading, international travel and tourism event in the Middle East for inbound and outbound tourism professionals. ATM 2018 attracted almost 40,000 industry professionals, with representation from 141 countries over the four days. The 25th edition of ATM showcased over 2,500 exhibiting companies across 12 halls at Dubai World Trade Centre.  Arabian Travel Market 2019 will take place in Dubai from Sunday, 28th April to Wednesday, 1st May 2019. To find out more, please visit: http://arabiantravelmarket.wtm.com/

About Reed Exhibitions

Reed Exhibitions is the world’s leading events business, enhancing the power of face to face through data and digital tools at over 500 events a year, in more than 30 countries, attracting more than seven million participants.

About Reed Travel Exhibitions

Reed Travel Exhibitions is the world’s leading travel and tourism event’s organiser with a growing portfolio of more than 22 international travel and tourism trade events in Europe, the Americas, Asia, the Middle East and Africa. Our events are market leaders in their sectors, whether it is global and regional leisure travel trade events, or specialist events for meetings, incentives, conference, events (MICE) industry, business travel, luxury travel, travel technology as well as golf, spa and ski travel. We have over 35 years’ experience in organising world-leading travel exhibitions.

PATA to hold first event in United Arab Emirates

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The PATA Adventure Travel and Responsible Tourism Conference and Mart 2018 will take place in Al Ain, Abu Dhabi, United Arab Emirates (UAE). Al Ain is one of the world’s oldest permanently inhabited settlements and a UNESCO World Heritage Site.

The PATA Adventure Travel and Responsible Tourism Conference and Mart 2018 is a three-day niche event with both conference and travel mart components, bringing together public and private sector tourism professionals involved in adventure travel and responsible tourism. Key elements of this annual event are environmental protection and social sustainability with special focus on empowerment of local communities. This is the first Pacific Asia Travel Association (PATA) event to be held in the UAE and the only event to be staged in West Asia in the last 14 years.

“This is a fantastic opportunity for PATA members and for the adventure travel sector at large. Al Ain is a truly fascinating destination with a wealth of culture, heritage and opportunities for adventure travel,” said PATA CEO Dr. Mario Hardy. “Connectivity is easy via the award-winning Abu Dhabi International Airport. Al Ain, together with the surrounding landscape, has so much to offer travellers of all ages. This event provides an exceptional platform for travel trade professionals to learn much more about this compelling city and region.”

Commenting on the selection of Al Ain to host the event, HE Saif Saeed Ghobash, Director General of Abu Dhabi Tourism & Culture Authority, the government body responsible for the promotion of the emirate said: “Abu Dhabi has experienced significant growth in guest arrivals from countries within the PATA region in recent years, especially from India and China, and since joining the association we have been working with PATA members to place greater emphasis on seeding growth in visitor arrivals from these priority source markets.

“Over the past few years, Abu Dhabi has built up a successful track record in hosting and securing international meetings, including annual congress meetings from international travel associations. Delegates attending the PATA Adventure Travel and Responsible Tourism Conference and Mart 2018 in Al Ain will enjoy the diversity of mountain, desert and oasis landscapes and exhilarating adventure attractions, all complemented by rich historical sites, a state-of-the-art conference centre and outstanding hotels of all categories,” he added.

Al Ain is known as the heritage heartland of the Emirate of Abu Dhabi. The city has become an increasingly popular business events destination, boasting 18 hotels and hotel apartments with over 2,000 rooms and dedicated facilities at the Al Ain Convention Centre.

Located at an important historical crossroads of trade, different locations in Al Ain are now classified by UNESCO as World Heritage Sites, including its six oases and the archaeological sites of Hafeet, Hili and Bida bint Saud. Al Ain oasis – with its cool, shady walkways and a 3,000-year-old falaj irrigation system – is the first component of the UNESCO World Heritage site to open to the public,

Al Ain city abounds in picturesque forts, including one of the United Arab Emirates’ most historic and picturesque buildings, Al Jahili Fort, erected in 1891 to defend the city and protect precious palm groves;  Qasr Al Muwaiji, a world-class museum and birthplace of HH Sheikh Khalifa bin Zayed Al Nahyan, President of the UAE; Al Ain Palace Museum, the former home of the late UAE founder, Sheikh Zayed Bin Sultan Al Nahyan and the redeveloped Al Qattara Fort which is now home to a brilliant arts centre and gallery. Visitors can also immerse themselves in the city’s rich culture and heritage with a visit to Al Ain National Museum which displays various aspects of UAE life, including archaeological finds, Bedouin jewellery and traditional musical instrument collections.

The city skyline is dominated by the dramatic rocky heights of Jebel Hafeet. Rising to a height of 1,240 metres, this is the Emirate’s highest peak and the second highest in the UAE. With the mountain as a backdrop Al Ain Zoo’s man-made African safari also features the Sheikh Zayed Desert Learning Centre and a dedicated mini-museum with galleries of interactive, immersive, and informative exhibits exploring themes of environmental and species conservation.

Visitors can also take a trip to Wadi Adventure, the region’s only man-made white water rafting, kayaking and surfing facility built in the foothills of the majestic Jebel Hafeet. The park’s 3.3 metre man-made surf wave is the world’s largest and its 1.7 kilometre kayaking channel network is the world’s longest. For a taste of the fast track, Al Ain Raceway features a 1.6 km go-kart circuit.

The PATA Adventure Travel and Responsible Tourism Conference and Mart is an annual event that offers a platform for sellers and buyers involved in the world of adventure travel and responsible tourism to secure new business and to consolidate existing contracting relationships via PATA’s well-proven system of pre-matched appointments. It is an excellent opportunity to create new experiences and to share new opportunities with global tourism professionals.