Emirates underlines major contribution to Dubai economy

Latest report released
details aviation industry's economic impact in 2023, contributing 27% to Dubai's GDP

Emirates and Dubai Airports have released their latest Economic Impact Report, reaffirming the significant impact the aviation industry has on Dubai's economic growth. This report, based on research by Oxford Economics, details the role the aviation industry plays in Dubai's GDP and job creation. In particular, it is highlighted that in 2023, the aviation industry supported Dh137 billion (US$37.3 billion), equivalent to 27% of Dubai's GDP, and created 631,000 jobs

Economic impact will increase further by 2030

The report predicts that the airline industry's contribution to Dubai's economy will further increase by 2030, by which time it will support 32% of Dubai's GDP. This will increase employment to 816,000 people and is expected to bring even more people into aviation-related jobs.

Prospects are bright for growth in tourism, driven by the airline industry

The contribution of the aviation industry to the tourism industry is also significant. In 2023, the economic contribution of tourism promoted by the aviation industry will reach Dh43 billion (US$11.8 billion), making it an important factor supporting Dubai's tourism industry. The economic impact of tourism will continue to grow, with growth expected to be more than 40% by 2030.

Collaboration with Dubai Economic Agenda “D33”

His Highness Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Emirates Airline Group, said Dubai's aviation industry remains at the heart of its economic growth strategy, particularly in Dubai's economic agenda known as 'D33'. It is said that it plays a role.

“Dubai's strategic location and excellent aviation infrastructure make it an outstanding hub for international trade, investment and tourism. Continued investment in the aviation industry will drive further economic growth. "It will create more jobs and foster innovation," he said, referring to future growth plans.

Future prospects and Emirates initiatives

The report also mentions the expansion plans for Dubai World Central – Al Maktoum International Airport as an important factor. This large-scale project has the capacity to accommodate 260 million passengers per year and is expected to contribute an additional Dh6.1 billion to Dubai's GDP by 2030. Additionally, Emirates and Dubai Airports are leveraging the latest technology to improve the efficiency of airline operations and convenience for travelers, demonstrating their commitment to continuing to contribute to Dubai's growth.

Increase in tourism consumption and the role of Emirates

International tourism, promoted by Emirates, is also a major benefit to Dubai's economy. In 2023, tourists visiting Dubai spent an average of AED 4,300, contributing significantly to Dubai's economy. The tourism industry will continue to grow, with tourism consumption driven by the airline industry expected to reach 10% of GDP by 2030.

Emirates has reaffirmed the importance of the aviation industry to Dubai's economy and unveiled plans for future growth. The report shows that the economic impact of the aviation industry will continue to grow significantly, furthering Dubai's success as an international tourism and trade hub.

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■ Press release source - Emirates Airlines
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