International Diplomat Magazine

Global Investment in Aviation Summit concludes


(Dubai) – The first ‘Global Investment in Aviation Summit’ concluded Tuesday, 29 January in Dubai InterContinental Festival City Hotel in the presence of aviation industry and key officials.

The summit and exhibition began with a pre-event workshop on Airport and Aircraft financing and was officially inaugurated by Sultan bin Saeed Al Mansouri, Minister of Economy, and Chairman of the General Civil Aviation Authority (GCAA), in the presence of H.H. Sheikh Ahmed bin Saeed Al Maktoum, Chairman of Dubai Civil Aviation Authority and Chairman and Chief Executive of Emirates Airline and Group, and Saif Mohammed Al Suwaidi, Director General of the GCAA on Monday.

Al Mansoori appreciated the distinguished attendance in the summit that hosted ministers, several officials, and major international aviation companies stressed on the importance of the summit in highlighting the vitality of aviation and the air cargo sector, as well as enhancing the position of the United Arab Emirates as a pioneering country in the aviation sector.

He added that the sessions created a common ground for all the participants to push more investments in this sector, which has become an important contributor to the economy by approaching global markets, as well as the rapid development of the aviation industry that will create career opportunities through future investments.

The “Global Investment in Aviation Summit” is an initiative of the General Civil Aviation Authority and was launched under the theme “Linking Developed and Emerging Markets through Attractive Aviation Investment Opportunities”.

The summit’s core objective is to explore and present investment opportunities within the aviation sector had an attendance of more than 750 investors, leaders, government officials, and financiers, and key aviation stakeholders from around the world.

Saif Mohammed Al Suwaidi, Director General of the General Civil Aviation Authority, thanked all participants, government officials, and dignitaries for their participation in the summit in the closing ceremony and called for stakeholders and specialists from around the world to join and participate in the second round of the Summit in Abu Dhabi next year.

“The UAE enjoys a privileged position at the regional and international levels, as it is considered an incubator for the Gulf market, and planning partner for measuring the amazing technological development provided by the aviation industry to the businessmen and to the global aviation community, through planning for the future and studying the recent aviation needs that are expanding rapidly as well as continue efforts to create investors and partners network who are willing to explore new markets such as aviation medicine, data monetization, Artificial Intelligence, and more,” Al Suwaidi added.

Al Suwaidi said, “This high presence of participants confirms the common views and the commitment to develop the aviation industry through partnerships and cooperation that will further explore new strategies in the aviation market. This will strengthen the culture to create further optimal investments in the sector such as the creation of an eco-friendly industry, aircraft manufacturing, training, maintenance activities, and airport infrastructure, and other related topics that are based on transformation and reliance on digital technologies and innovation.”

A competition by “Intelak” – Aviation and Travel Incubator led by the Emirates Group, General Electric (GE) and Etisalat, that aims to crowdsource the best ideas to make travel simpler, better, or more exciting. The competition inspires and develops teams to become part of the conversation in travel and aviation. Five teams have participated in the event, providing admirable ideas in the aviation and travel industry, including Skky Network, The Concept, Trift, NG Aviation and Elixir Aircraft.

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