While the Middle East represents only about 5 percent of general aviation worldwide, the region is poised for growth given its size, the different businesses that exist, and the fact that companies typically have dealings in several countries in the region and increasingly have to connect to Europe, the U.S., and Asia. That’s according to Dassault Aviation international sales director Renaud Cloâtre, who is based in Dubai.
“Growth potential is enormous because the region is underequipped,” Cloâtre said. “If you look at general aviation’s structure in Europe or the U.S., there’s clear growth potential in the Mideast. We are in an economy where the energy market is actually changing relations between Europe, the U.S., and the Middle East. The value of oil is increasingly recognized. Oil prices are increasingly relevant, underlining oil’s true value. It’s needed. There is also a requirement to use it wisely and not burn too much.
More In Aircraft
