Airports in emerging markets act as the new trade hubs
Almasalla Arab Travel Portal News – The new developments at emerging markets airports are setting a benchmark in the world for airport infrastructure. The storming growth experienced in the GDP of some African, Asian, American and Middle East markets has strong relation with the boom in the aviation sector in these countries. Striving to satisfy the growing travel and cargo demand, these countries have laid ambitious plans for airport cities like Dubai World Central, which will be the largest airport in the world with augmentations like a planned city, shipping facility, and business hub.
Projects at various airports in India, Africa, South East Asia and Americas make an over US$ 150 billion market in the world. According to the recent IATA outlook on 2014 the air traffic in Asia Pacific is expected to see a modest improvement of gains of US$ 3.6 billion which will be largely depending on the cargo performance by the countries in Asia and Middle East.
Knowing the fact that aviation industry in countries like UAE contributes almost 14 per cent of the GDP and foreseeing the opportunities, airports across Middle East have mega projects like Midfield Terminal (Abu Dhabi), New Terminal at Bahrain International Airport and the Madinah Airport in Saudi Arabia. Recently Oman government also unveiled plans for expansion at Salalah International Airport. Similar initiatives are planned in African continent too, Federal Aviation Authority of Nigeria plans for Abuja Aerotropolis and other projects in Africa like expansion of Kotoka International and Maputo International Renewal are also considered to take the African air transport into new heights. The Asian countries including China, India South Korea and Japan also have sky cities and airport cities planned.
Middle East carriers are expected to post a US $2.1 billion profit (their highest ever) and the African airlines are also expected to return a combined profit of US$100 million. The small and emerging airports also play a vital role in these countries by serving billions of passengers. Small Airports in Asia-Pacific region alone handled 240 million passengers, about 12 per cent of the region’s total traffic in 2012.
Leapfrogging the traditional expansion models, the Airport in emerging markets are offering a complete package from hotels to golf course to business centres, which are equipped with the latest technology. The Investment opportunities in these markets are endless with most of these airports opening their doors for PPP, BOT and privatisation modes in development and operational stages.
For this reason, The Emerging Airports Conference and Exhibition 2014 to be held on 9th and 10th of April 2014 receive importance. Organised by Arabian Reach FZ LLC, EACE 2014 provides ideal platform to view latest technologies, network with key officials and discuss solutions that will meet the requirements of regional & Emerging Market airports expansion and modernisation. The event will receive participants from Africa, Middle East, Russia, Indian subcontinent and Iraq, who will discuss possibilities and business Models at the Emerging Airports Conference organised as a part of EACE 2014. The 4th EACE will be held in conjunction with the 4th edition of Emerging Markets Airports Awards on the 9th of April 2014 with a gala dinner at Park Rotana in Abu Dhabi.
