Mohammed Bin Rashid Aviation Project: Record-Breaking Private Aviation Traffic in Dubai South – 2023 Milestones and Investment Opportunities

2024-01-23 22:05:23

During the year 2023, the “Mohammed Bin Rashid Aviation Project” in the “Dubai South” region witnessed the highest record results ever recorded in Dubai in terms of private aviation traffic, which reached 16,657 flights, with a growth of 8% compared to 2022.

A statement yesterday stated that there were many factors that contributed to the growth of traffic, such as hosting the Conference of the Parties (COP28) and the Dubai Airshow 2023, in addition to the trial opening of the new ExecuJet hangar, at a time when this growth confirms the status of Al Maktoum Airport. International Airport, as it is the busiest airport for private air traffic in the region.

The “Mohammed Bin Rashid Aviation Project” provides international companies in the aviation field with investment opportunities, as it is a free zone for the world’s leading airlines, private aviation companies, and aircraft maintenance, repair and renewal companies and related activities.

The project is located within Dubai South, which it developed to be a center for various types of maintenance and a destination for training and education. It also seeks to enhance the emirate’s vision to become a leading global aviation centre.

The “Mohammed bin Rashid Aviation Project” successfully turned the page on 2023, as it concluded many cooperation agreements with new partners who intend to establish their own facilities in different regions, with the aim of providing aircraft maintenance, repair and renewal services that cover various fields, such as manufacturing aircraft parts and structures, and services. Aircraft painting, ground support, spare parts supply, engine asset supply, and private aircraft interior refurbishment.

The value of maintenance, repair and renewal activities within the aircraft parts supply and repair area in the “Mohammed bin Rashid Aviation Project”, including import, export and re-export, has grown, as it is expected to exceed eight billion dirhams in the next few years, which indicates the sustainable growth of maintenance and repair services. and aircraft refurbishment.

The Executive Director of the Mohammed bin Rashid Aviation Project, Tahnoun Saif, confirmed that “the past year was exceptional with distinction for (the Mohammed bin Rashid Aviation Project),” noting that “the achievements were not limited to recording the highest private aviation traffic ever, but rather went beyond that to attracting companies.” New and expanded many facilities and facilities.

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