MID­DLE EAST AVI­A­TION

The size of Mid­dle East’s avi­a­tion mar­ket in 2037

CEO Middle East - - NEWS -

The Mid­dle East is fore­cast to see an ex­tra 290 mil­lion air pas­sen­gers on routes to, from and within the re­gion by 2037. The In­ter­na­tional Air Trans­port As­so­ci­a­tion (IATA) said in a new re­port that de­mand in the re­gion will grow strongly with a com­pound an­nual growth rate (CAGR) of 4.4 per­cent. The to­tal mar­ket size will be 501 mil­lion pas­sen­gers by 2037, IATA said.

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