Mubasher TV
Contact Us Advertising   العربية

UAE's trade in aircraft, spaceships amounts to AED 28.2bn in 2019

UAE's trade in aircraft, spaceships amounts to AED 28.2bn in 2019
The UAE has invested AED 22 billion in the aviation sector

UAE - Mubasher: The UAE's trade of aircraft and spaceships reached around AED 28.2 billion in 2019, according to statistics by the Federal Competitiveness and Statistics Authority (FCSA).

The country's imports of aircraft and spaceships amounted to around AED 17 billion in 2019, while the exports and re-exports registered AED 455 million and AED 10.78 billion, respectively.

The aviation sector is expected to contribute more than 15% of the UAE's gross domestic product (GDP) by 2021.

In addition, the UAE has invested AED 22 billion in this sector to launch projects, including Al Yah Satellite Communications Company and Thuraya Telecommunications Company.