Dubai: The aviation sector will account for 32 per cent of Dubai's GDP (gross domestic product) by 2020, a substantial contribution to Dubai's economy, according to a report released yesterday by Dubai Airports.
Global research firm Oxford Economics said in its report that the economic contribution of the aviation sector is expected to rise to $44.5 billion (Dh163.4 billion) or 32 per cent of Dubai's GDP by 2020, up from the current $22 billion, or 28 per cent of GDP.
By this time, Dubai will also see the aviation sector accounting for 372,900 jobs or about 22 per cent of the emirate's employment.
According to the research firm's estimates, Dubai's aviation sector currently supports 250,000 jobs or about 19 per cent of Dubai's employment.
Commissioned by Emirates airline and Dubai Airports, the study titled Explaining Dubai's Aviation Model highlights Dubai as "consensus-based, highly competitive and consumer-centric", generating significant economic benefits for the emirate and the countries it connects.
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