Naples, FL, December 12, 2018 --(PR.com
)-- The required modernization of aviation infrastructure expansion, development, and modernization to cater to anticipated increase in passenger and freight air traffic demand will reach USD 1.8 trillion by 2030. This outlook, along with the challenges and investment landscape in aviation, will be the core objective of the Global Investment in Aviation Summit 2019 which is going to be held between January 27-29, 2019 at the Intercontinental Dubai Festival City.
GIAS 2019 is an initiative of the UAE General Civil Aviation Authority (GCAA), which was established to create a leading, safe, secure and sustainable civil aviation system in the country.
According to a report published by the International Air Transport Authority (IATA), global aviation will have to cater to over 14 trillion passenger traffic and 466 billion tonnes of freight traffic by 2034. This projection will show an increase of 14.5% RPK and 4.2% FTK, per annum respectively.
The projected growth in the global aviation industry will generate at least 99 million jobs and will contribute USD 5.9 trillion in GDP, a 122% increase from 2014, according to the same IATA report.
IATA report includes challenges in the regional aviation industry. In Africa, access to funds and service financing is needed to modernize or expand their airports, runways, telecommunication equipment, air cargo warehousing, and meteorology facilities. Inflow of investment must be sufficient to accommodate the long-term projection of 3.8% passenger traffic and 2.1% freight traffic per year up to 2032.
Europe may also face capacity shortfalls as passenger traffic growth will reach 3% and freight traffic will reach 2.6% per year until 2032. When addressed with adequate investment, the European aviation industry will attract further more investors for higher return on investment.
GIAS 2019 recognizes the imperative need for aviation investment in every region. The summit, dubbed as "aviation marketplace," under the theme “Linking Developed and Emerging Markets through Attractive Aviation Investment Opportunities” will link at least 200 international investors and 200 senior-level attendees to aviation project developers and other participants from 40 countries. GIAS 2019’s unique features include the Master Class for airport and aircraft financing.
“The Global Investment in Aviation Summit 2019 provides the global network of investment opportunities to investors. It will also allow aviation projects to penetrate the global industry and enable even start-ups to gain an edge in the highly competitive market. Aviation stalwarts will share their knowledge with delegates that will assist in taking the best business and operational decisions,” added Director General Al Suwaidi.
For online registration, visit GIAS 2019 website: www.gias.ae or send email inquiry to email@example.com.
About Global Investment in Aviation Summit 2019
The Global Investment in Aviation Summit is a specialized platform catering to investments and projects in aviation.
GIAS is an initiative of the UAE General Civil Aviation Authority. It will be participated in by 20+ aviation ambassadors, 10+ knowledge partners, 200+ senior level attendees, and 200+ investors.
For press inquiry, kindly call or email:
Shereen Hassan Al Musalami
Media and PR Manager, Strategic Marketing & Exhibitions
Mobile number: +971 56 4034071 / Tel : +971 4 392 3232 / PO Box: 10161, Dubai, UAE