The aviation market in Middle East is poised for significant, sustained growth, said the chief executive officer of Air Arabia, the first and largest low-cost carrier in the Middle East and North Africa.
Speaking at the fourth annual India and Middle East Low-Cost Carrier Symposium in Mumbai, India, Adel Ali pointed to the projected increase in the Middle East’s share of global tourism to 4.4 per cent by 2020 and said that the Middle East will lead world passenger traffic growth, with current travel demand up 18 per cent.
The Air Arabia CEO said: “With three major emerging markets – including China, India and the CIS countries – located right in our backyard, the Middle East is perfectly placed to meet the needs of travellers across this wider region. Each of these areas is currently experiencing sustained increases in passenger traffic, and the Middle East can become the hub for this vast swath of the globe.
Pointing to the outlook for the low-cost carrier segment, Mr Ali said: “While demand is increasing across the sector, the outlook for LCCs is especially bright.”
