The UAE is about to overtake Saudi Arabia as the Middle East’s largest market for business jets, with sustained orders from wealthy individuals and charter operators pushing the sector to new highs.
After more than a decade of Saudi Arabian dominance, the UAE has drawn level with its neighbour, with almost 160 private jets in each country, according to the Middle East Business Aviation Association (MEBAA), and is growing at a faster rate.
“Saudi Arabia was far ahead in the business aviation market,” said Ali al Naqbi, MEBAA’s founding chairman, who opened the 2010 Middle East Business Aviation Show in Dubai yesterday. “But now the UAE is really catching up from every angle, including more fixed bases of operation, more charter operators and more aircraft.”
Source: The National AE