MEBA expects the UAE’s share of the private air travel market in the region to rise to 45% this year.. Details.
This year’s edition of the exhibition highlights: Meba “For business jets and private jets, which will be held in Dubai from December 10 to 12 with the participation of 145 exhibitors, on the growth of the sector Private air travel In the area.
The UAE’s private air travel sector is expected to end the year strongly, supported by an influx of high-net-worth individuals, strong economic growth, new companies setting up operations, and airport infrastructure development.
Business jet traffic at Dubai World Central (Al Maktoum International) is expected to reach more than 18,000 aircraft in 2024, compared to 16,657 aircraft last year, according to the latest forecasts from the Middle East and North Africa Business Aviation Association (MEBAA) for the region’s private air travel sector.
Private air travel performance in the region
And I have reached UAE share The private air travel market in the region, in the Middle East and North Africa, is expected to account for 40-45% this year, compared to a share of 30-35% in 2023, according to MEBA data.
The business aviation market in the Middle East and North Africa region is expected to grow by about 7% year-on-year in terms of flight traffic, number of flights, and number of registered aircraft in 2024, according to MEBA.
“We have not only reached the level of 2019, we have exceeded it by almost 30%, so the growth is very clear,” said Ali Ahmed Al Naqbi, Chairman and CEO of the Middle East and North Africa Business and Private Aviation Association (MEBAA).
Al Naqbi continued in previous statements to hold the exhibition: “Everyone knows that real business is happening in the Middle East and North Africa, despite everything that is happening around us,” according to the Emirates News Agency.
Highlights of the MEBA exhibition
This year, the MEBAA Business and Private Aircraft Show will feature a new Advanced Air Mobility Pavilion with Joby Aviation “The American developer of the air taxi, and the German company Lilium, which will display models of its aircraft, according to Timothy Hawes, general manager of Informa Markets, which is organizing the event with MEBA.
The air taxi will be a “complement to business aviation,” Al Naqbi said, as these electric vertical take-off and landing (eVTOL) aircraft will facilitate travel by transporting passengers arriving in Dubai on business jets to their hotels or work appointments “in a seamless manner,” avoiding traffic delays.
Other new features at MEBA include a start-up pavilion and the Next Generation Programme, which aims to bring over 500 students to the show to give them insight into various aspects of the industry to help inspire a new generation of talent in the region’s private air travel sector.
25 fixed-wing aircraft will be on display on the runway from leading manufacturers including Airbus ACJ, Boeing Business Jet, Bombardier, Dassault Aviation, Embraer, Textron, Royal Jet, Qatar Airways, Vista, Falcon and more.
Strong growth in the UAE’s private air travel sector
The UAE is leading the region’s private air travel sector, amid an influx of the wealthy. The Middle East and North Africa region has attracted the largest number of billionaires with wealth worldwide since the Covid-19 pandemic, as the wealthy move to countries that provide excellent healthcare, education, safety and ease of doing business, according to a report issued by the Swiss banking group “UBS”.
UAE is the destination of the wealthy
The total wealth of billionaires in the UAE rose by 39.5% year-on-year to $138.7 billion this year, with the number of billionaires increasing from one to 18, according to UBS’s Billionaire Ambitions report.
The UAE has cemented its position as a leading destination for high-net-worth individuals worldwide this year, attracting more than 6,700 millionaires, according to British investment migration consultancy Henley & Partners.
Dubai ranked 14th on the Euromonitor Index of the top 100 tourist destinations in 2024, according to the report issued on December 5.
It also ranked fifth among the top 10 cities in terms of tourism performance in 2024.
