Etihad, partners add up to $3.6b to Africa’s GDP

abu dhabi — Etihad Aviation Group (EAG) and its equity airline partners will support almost 425,000 jobs and are expected to contribute $3.6 billion GDP to the African economy in 2016, as Abu Dhabi becomes a key hub for business travel both into and out of the continent.

A report released by leading international research organisation Oxford Economics Group reveals that EAG and its partners make a substantial contribution to economic prosperity in Africa and throughout the global economy providing vital connections between leading commercial centres and emerging markets.

EAG and its partners will deliver a core economic contribution of $1.1 billion and a tourism contribution of $2.5 billion, said the report. In turn, they will support 117,000 jobs through core operations, with another 308,000 jobs supported through the tourism contribution.

In 2016, Etihad Airways operates services to 117 passenger and cargo destinations around the world, and is expected to carry 19 million passengers on over 100,000 flights, among which almost 8,300 flights will be to and from Africa serving some 1.1 million passengers in the continent.

Since launching its first service to Egypt in 2004, Etihad Airways has expanded its operations across the African continent with the opening up of outstations in a further eight countries including South Africa, Morocco, Libya, Sudan, Kenya, Nigeria, Uganda and Tanzania.

The core contribution of $1.1 billion includes the impact of EAG’s global operations, its capital spending in Africa, and the operational impact of its partners. passenger and cargo destinations around the world Among this, EAG’s global operations alone will make a $400 million contribution to the economy and sustain 39,700 jobs in 2016, mainly through purchases of products and services from African-based suppliers.

James Hogan, President and Chief Executive Officer of Etihad Aviation Group, said: “Many jobs across the supply chain in hotels, ground transport companies, freight forwarders, catering, manufacturing, and throughout the tourism industry, all benefit from the presence of the Etihad Aviation Group, with suppliers in these sectors creating tremendous employment opportunities for emerging markets such as Africa.

“These contributions to economies in Africa are substantial. They are also an indication of the continued increase in travel into and out of Africa via our hub in Abu Dhabi, signalling the possibility for even more growth and prosperity across the continent in the future.”

The economic contribution of tourism facilitated by Etihad Airways and its partners is also quantified in the report. The spending of the 1.1 million international visitors carried into Africa on Etihad Airways and its partners’ flights in 2016 will leave a considerable economic footprint. This is estimated to contribute $2.5 billion in GDP for the continent, supporting some 308,000 jobs.

— business@khaleejtimes.com the economic impact of etihad aviation Group and partners in africa