The first “Global Investment in Aviation Summit” (GIAS) concluded Tuesday, 29 January in Dubai InterContinental Festival City Hotel in the presence of aviation industry and key officials.
GIAS’19 is considered a qualitative leap in the aviation industry that requires an estimated global investment reaching $1.8 trillion by 2030.
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, Emirates News Agency WAM reported.
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 summit panel “Aviation Training Global Investment Opportunities” was one of the highlights of the summit led by Ahmad Al Jallaf Assistant Director-General - Air Navigation Services Sector (GCAA), a key personality in the UAE aviation sector and the winner of the Aviation Executive of the Year 2018 in the Middle East Aviation Business Awards.
The closing day featured three other panel discussions aimed at enhancing investments in aviation. The first session dealt with Global Investment in Aviation and its Trends, in the presence of Jamal Saif Al Jarwan, Secretary General of the UAE International Investors Council, Tahnoon Saif, CEO of the Mohammed bin Rashid Aerospace Hub, formerly known as Dubai South Aviation District, Lee Lawrence, Chief Investment Officer at Tarabot Investment & Development, Tiago Lopes, Senior Engineer at the European Investment Bank (EIB), Peter Fuhrman, CEO of China First Capital, and Vasgen Edwards, Managing Director for Middle East and Africa at Boeing Capital Corporation.
The next panel discussion, titled “Urban Space the New Frontier, Future is Now, Where to Invest”, focused on investors and business personalities search for new destinations and stable markets, as well as the most effective tools in guiding and developing the aviation industry and the use of the technology in creating an ideal environment for aircraft and their operators in various areas of travel, cargo and other related services.
The last panel titled “Where’s the Gold in Aviation Value Chain?” discussed the development of new sectors and destinations perspectives and where to invest in order to achieve sustainable growth.