
Aviation sector contributes 18.2% to UAE's GDP: IATA
According to the study, the economic impact in the UAE includes US$92 billion, contributing 18.2% to GDP (total impact including wider supply chain, employee spending, and tourism activities), 992,000 jobs (total impact including wider supply chain, employee spending, and tourism activities), 74,500 employed directly by airlines, with a further 132,300 employed elsewhere in aviation and 297,300 employed in aviation-related tourism and 1 million tonnes of air cargo handled in 2023.
'The UAE is a critical hub for global connectivity. And the benefits of its super connector role brings trade, tourism, investment, and jobs to the UAE. The leadership of the UAE has a strategic vision for aviation, supported by smart regulation and investment in world-class infrastructure. Supporting nearly a million jobs and 18.2% of GDP, aviation makes an enormous contribution to the UAE's prosperity—both culturally and economically. And we can be confident that this contribution will strengthen as the UAE continues to facilitate opportunities for aviation to thrive,' said Willie Walsh, IATA's Director-General.
Building on its position as a global aviation leader, the UAE is well-placed to progress in three priority areas:
Sustainability: The UAE has been a leader in the development of Low Carbon Aviation Fuel (LCAF) and is targeting an annual production of 700 million liters of Sustainable Aviation Fuel (SAF) by 2030. IATA looks forward to the potential for even broader collaboration with the UAE, in pursuit of opportunities to advance progress towards aviation's net zero carbon emissions by 2050 goal such as the recently launched SAF Registry (operated by CADO).
Infrastructure: As the UAE continues to invest in world class-infrastructure to meet future demand, particularly with the development of Al Maktoum International Airport (DWC) and Zayed International Airport (AUH), it is critical to work with industry to remain a cost competitive hub for airlines and passengers.
Workforce: The UAE is making significant investments in aviation training to ensure a skilled workforce to support growth opportunities. Maintaining a sustainable pipeline of aviation professionals will further strengthen the UAE's status as a global aviation hub. As part of this effort, a new IATA training centre was recently opened in Abu Dhabi.
Hashtags

Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles


Khaleej Times
35 minutes ago
- Khaleej Times
Trump job cuts: US space agency Nasa to lose nearly 4,000 employees, 20% of workforce
The US space agency National Aeronautics and Space Administration (Nasa) will lose about 3,900 employees under Donald Trump's sweeping effort to trim the federal workforce — at the same time as the president prioritises plans for crewed missions to the Moon and Mars. In an emailed statement, Nasa said around 3,000 employees took part in the second round of its deferred resignation programme, which closed late Friday. Combined with the 870 who joined the first round and regular staff departures, the agency's civil servant workforce is set to drop from more than 18,000 before Trump took office in January to roughly 14,000 — a more than 20 per cent decrease. Those leaving the National Aeronautics and Space Administration on the deferred resignation programme will be placed on administrative leave until an agreed departure date. An agency spokesperson said the figures could shift slightly in the coming weeks. "Safety remains a top priority for our agency as we balance the need to become a more streamlined and more efficient organization and work to ensure we remain fully capable of pursuing a Golden Era of exploration and innovation, including to the Moon and Mars," the agency said. Earlier this year, the Trump administration's proposed Nasa budget put a return to the Moon and a journey to Mars front and centre, slashing science and climate programs. The White House says it wants to focus on "beating China back to the Moon and putting the first human on Mars." China is aiming for its first crewed lunar landing by 2030, while the US program, called Artemis, has faced repeated delays. Nasa is still run by an acting administrator after the administration's initial pick to lead the agency, tech billionaire Jared Isaacman — endorsed by former Trump advisor Elon Musk — was ultimately rejected by the Republican president.


The National
6 hours ago
- The National
China proposes global AI co-operation organisation
China proposed a new global artificial intelligence co-operation organisation amid a patchwork of regulations among countries, as Beijing's competition with the US over the critical technology heats up. Chinese Premier Li Qiang on Saturday called for an international framework to regulate AI as its governance is fragmented, he said at the opening of the annual World Artificial Intelligence Conference in Shanghai. 'Global AI governance is still fragmented. Countries have great differences, particularly in terms of areas such as regulatory concepts, institutional rules,' Mr Li said. 'We should strengthen co-ordination to form a global AI governance framework that has broad consensus as soon as possible.' China's proposal comes just days after US President Donald Trump unveiled a three-pillar strategy that his administration refers to as America's AI Action Plan, after much anticipation from US technology companies. Accelerating artificial intelligence innovation, building AI infrastructure in the US and leading in AI diplomacy are the strategy's three main planks. The plan to export US AI technologies, for example through international data centre initiatives, may help the US to gain influence as other countries seek to join the race to provide computational power for AI. Hypothetically, it could also give the US a competitive edge over China, which also aims to be a dominant AI player. Beijing and Washington are locked in a rivalry with AI shaping up as a key battleground between the world's two biggest economies. An 'exclusive game' During the three-day World Artificial Intelligence Conference on Saturday, Mr Li said that AI could become an 'exclusive game' for a few nations and companies. 'Currently, key resources and capabilities are concentrated in a few countries and a few enterprises. If we engage in technological monopoly, controls and restrictions, AI will become an exclusive game for a small number of countries and enterprises,' Mr Li said. Going forward, China will seek to propel AI development in the Global South, Mr Li said, according to a Bloomberg report. China said it is considering Shanghai as the headquarters of the proposed global AI co-operation centre. Ma Zhaoxu, China's Vice Foreign Minister, told a gathering of representatives from more than 30 countries, including Russia, South Africa, Qatar, South Korea and Germany, that China wanted the organisation to promote pragmatic co-operation in AI and was considering putting its headquarters in Shanghai, Reuters reported. China's AI and semi-conductor sectors are showing strong growth, despite US export controls, according to a June report by Jefferies, an investment banking and capital market firm based in New York. Huawei debuts AI computing system At the same conference on Saturday, China's Huawei Technologies showed off an AI computing system, as the technology giant aims to capture market share in the country's growing AI sector. The CloudMatrix 384 system made its first public debut at the World Artificial Intelligence Conference. Semiconductor research group SemiAnalysis in April called it "China's Answer to Nvidia GB200 NVL72", the US chipmaker's most advanced system-level product currently available in the market. "This solution competes directly with the GB200 NVL72, and in some metrics is more advanced than Nvidia's rack scale solution. The engineering advantage is at the system level, not just at the chip level, with innovation at the networking, optics, and software layers," SemiAnalysis said in its April report.


Khaleej Times
a day ago
- Khaleej Times
Trump, Fed chief Powell bicker during tense central bank visit
Donald Trump and US Federal Reserve chairman Jerome Powell appeared together for a tense meeting Thursday as the president toured the central bank after ramping up his attacks on its management of the economy. Trump — who wants to oust Powell for refusing to lower interest rates but likely lacks the legal authority to do so — has threatened to fire the Fed chief over cost overruns for a renovation of its Washington headquarters. During a brief but painfully awkward exchange in front of reporters during a tour of the building, the pair bickered over the price tag for the makeover, which Trump said was $3.1 billion. Stay up to date with the latest news. Follow KT on WhatsApp Channels. The actual cost of the facelift has been put at $2.5 billion and Powell was quick to correct the president, telling him, "I haven't heard that from anybody." Trump produced a sheet of paper apparently listing construction costs and was told curtly that he was including work on the William McChesney Martin Jr. Building, which was not part of the project. "You're including the Martin renovation — you just added in a third building," Powell scolded. Trump stuck to his guns, saying it was part of the overall redevelopment. Powell shot back, "No, it was built five years ago. We finished Martin five years ago... It's not new." Trump moved on but the tense atmosphere between the pair was almost palpable, with the Republican leader unaccustomed to being contradicted live on air. The tour came with Trump desperate to shift the focus away from the crisis engulfing his administration over its decision to close the file on multi-millionaire sex offender Jeffrey Epstein, who died in 2019 while awaiting trial on trafficking charges. Attorney General Pam Bondi informed the president in the spring that his name appeared in the Epstein files, according to the Wall Street Journal. Epstein was accused of procuring underage girls for sex with his circle of wealthy, high-profile associates when he died by suicide in a New York jail cell. Trump has picked all manner of targets, including his Democratic predecessors and former chiefs of the security and intelligence services, as he tries to move Epstein out of the headlines. He berated Powell over interest rates on Wednesday, and alluded to his annoyance over the cost of borrowing more than 10 times during Thursday's tour. "As good as we're doing, we'd do better if we had lower interest rates," he told reporters. 'Do the right thing' Presidential visits to the Federal Reserve are not unheard of — Franklin D. Roosevelt, Gerald Ford and George W. Bush all made the trip — but they are rare. Trump has criticized Powell for months over his insistence on keeping the short-term interest rate at 4.3 percent this year, after cutting it three times last year, when Joe Biden was in office. Powell says he is monitoring the response of the economy to Trump's dizzying array of import tariffs, which he has warned could lead to a hike in inflation. But Trump has angrily accused Powell of holding back the economy, calling the man he nominated in his first term "stupid" and a "loser." The president struck a more conciliatory tone later Thursday, telling reporters they'd had a "productive talk" on the economy, with "no tension." "It may be a little too late, as the expression goes, but I believe he's going to do the right thing," Trump said. Soaring costs for the Fed's facelift of its 88-year-old Washington headquarters and a neighboring building — up by $600 million from an initial $1.9 billion estimate — have caught Trump's eye. A significant driver of the cost is security, including blast-resistant windows and measures to prevent the building from collapsing in the event of an explosion. The Federal Reserve, the world's most important central bank, makes independent monetary policy decisions and its board members typically serve under both Republican and Democratic presidents. Experts question whether Trump has the authority to fire Powell, especially since a Supreme Court opinion in May that allowed the president to remove other independent agency members but suggested that this did not apply to the Fed.