The aviation industry contributes more than Dh145 billion (Dh39.47bn) to the UAE economy, or 14.7 per cent of GDP, justifying the country's huge investment in airports and airline networks, the International Air Transport Association (Iata) said yesterday.
Tony Tyler, the chief executive of the Iata, said airlines in the Arabian Gulf had been the "catalyst" for transforming and rapidly expanding the region's economies.
"Governments here understand the power of connectivity to drive economies, and with this understanding governments have created a business-friendly environment for air transport with low taxes and world-class infrastructure." said Mr Tyler, speaking at the World Passenger Symposium (WPS) in Abu Dhabi.
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