Planning to invest in aviation? Crucial projects and investment opportunities to be unveiled at 2020 GIAS

Crucial projects and investment opportunities in the international civil aviation sector are expected to be unveiled at the Global Investment in Aviation Summit (GIAS) 2020. Dubai to Organise Global Investment in Aviation Summit in January 2020.

The General Civil Aviation Authority (GCAA) of UAE has announced that the second edition of Global Investment in Aviation Summit (GIAS) 2020, themed ‘Enabling Global Aviation Growth through Fund Raising and Key Partnerships’ will be held in Dubai from January 27-29.

Over 200 investors and 1,200 delegates, besides selected government officials, aviation organisations, finance & insurance firms, aviation asset owners, aircraft operators & logistic service providers and legal consultants are expected to turn up at the event.

Aviation industry is one of the most important economic sectors globally. The demand for air transport will increase by an average of 4.3% per annum over the next 20 years. This implies that demand for air travel will increase by a factor of two and a half over the period.

While disclosing the details of the summit Saif Mohammed Al Suwaidi, Director General of the GCAA, highlighted the UAE’s position in the international and regional aviation industry.

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Al Suwaidi said, “The national agenda for 2021 aims for UAE to be the world first in the quality of the air transport infrastructure. Although we are facing some challenges, such as determining the airspace and congestion in the UAE, we achieved great strides in the aviation industry.”

He added: “The aviation industry is one of the cornerstones of the country’s economic development.”

The summit would also reveal the best practices of the first aviation business incubator Intelak, which provides training programmes and workshops for trainees who want to learn the secrets and techniques of the aviation sector.

The first edition of GIAS has witnessed a participation of over 850 international delegates and 120 investors from 60 countries around the world, including United States, United Kingdom, France, Germany, India, Saudi Arabia and Egypt.