GCC airport structure to increase by 7.86%

Home  /  News  /  GCC airport structure to increase by 7.86%

The GCC’s airport construction sector will increase at a compound annual growth rate (CAGR) of 7.86% between 2014 and 2019.

GCC airport structure to increase by 7.86%

GCC airport structure to increase by 7.86%

Information revealed that the Airport Construction Market in the GCC regions 2015-2019, avers that airports proffer several economic advantages to the nation. As GCC nations are renowned internationally for the infrastructural achievements given by airports, like tourism, employment creation and the facilitation of exports and imports.

The oil-rich nations, in their endeavors to trade and industry diversification, are investing heavily in transport infrastructure, such as airports, railroads and roads.

Being placed between the major economies of the East and the West, the geographic positions of GCC nations have made them a global aviation centre.

Moreover, global affairs including World Expo 2020 in Dubai, Qatar National Vision 2030, and 2022 FIFA World Cup in Qatar, deemed as brand-building events by the particular countries, have required substantial airport construction services in these nations.

With only some GCC nations attempting to encounter the recent gap in aviation infrastructure and the others undertaking to increase supply ahead of the swiftly increasing demand, these nations are perceiving notable levels of airport structure services

Mohamed Dekkak

Follow me at twitter : https://twitter.com/AdgecoGroup