June 22, 2023
1 min read

UAE airports passenger traffic surges

The aviation sector in the UAE contributes, directly or indirectly, to about 14 per cent of GDP…reports Asian Lite News

The UAE airports received as many as 31.8 million passengers in the first quarter of 2023, an increase of 11.5 million passengers from the same period in 2022, when about 20.4 million passengers were recorded, according to the Quarterly Economic Review issued by the Central Bank of the UAE (CBUAE) on June 21.

Indicating that the civil aviation sector has managed to restore pre-pandemic passenger traffic levels, the apex bank mentioned that the size of cumulative investments in the UAE’s civil aviation sector exceeded AED1 trillion, while the size of investments in the development and expansion of airports hit AED 85 billion to accommodate over 300 million passengers annually.

As of 2022, the aviation sector in the UAE contributes, directly or indirectly, to about 14 per cent of GDP, compared to 2-3 per cent in major emerging markets and advanced economies. (ANI/WAM)

ALSO READ-UAE celebrates Yoga Day

Previous Story

5G boom continues in India

Next Story

Pakistan backtracks on objection to Holi celebration at university

Latest from -Top News

Bangladeshi nationals urge for peace

Along with Bangladeshi nationals, medical students from Nepal studying in Bangladesh said that the country needs peace and also called for political change Amid growing unrest in Bangladesh, voices from within the

‘India sent clear message to Pak’

Delivering the remarks at the Indian Consulate, Tharoor noted the visit by the members of the all-party delegation to the 9/11 Memorial was their first stop Congress MP Shashi Tharoor on Saturday

Hegseth orders more restrictions on press

Newly restricted areas include his office and those of his top aides and all of the different locations across the mammoth building where the Army, Air Force, Navy, Marine Corps and Space
Go toTop

Don't Miss

UAE participates in IMF meeting

The meeting discussed the latest developments in the international monetary

SILA signs 120 agreements with authors and publishers

With the signing of the new agreements, SILA will step