Dubai World Central (DWC) Aviation City will be perfectly placed to benefit from the projected high growth rate of the Middle East's maintenance, repair and overhaul (MRO) sector, say experts.
The industry in the region is expected to grow at 8.9 per cent annually over the next 10 years compared with a global average of 3.6 per cent, visitors to the MRO Middle East Conference and Exhibition in Dubai were told yesterday.
"In spite of the seemingly gloomy forecasts made by international aviation bodies, specifically in commercial aviation, the global MRO business is still expected to experience significant growth," said Abdulla Al Qurashi, CEO, DWC Aviation City.
"More importantly the Middle East is expected to be the region with the highest annual MRO growth rate, so the business proposition of DWC is indeed at the right place at the right time.
"Our participation in the MRO Middle East event not only allows us to present DWC Aviation City's value proposition to key MRO operators, but also to discuss the challenges and prospects of the industry's future so that together we may fully realise that potential for further growth."
Industry reports say that in 2015 the region's fleet will have grown by 53 per cent compared with 2005 figures.
"With a global trend of 80 per cent of all third-party airline maintenance work staying in the operator's region and with regional airlines significantly increasing their capacities by 2015, the regional MRO business is riding on the crest of a wave," added Al Qurashi.