Arab countries have plans to spend nearly $200 billion on the purchase of new aircraft in the next 15 years to face a sharp increase in air transport due to an economic upturn and a steady population growth, official data showed.
About $103 billion will also be invested in airport expansions and more than half the funds are expected to be spent by Dubai and Abu Dhabi.
The new Maktoum Airport in Jebel Ali, slated to be one of the largest airports in the world, will account for about 40 per cent of the total investments.
According to the Cairo-based Arab League, the aviation sector in the Arab region has steadily grown over the past decade and it contributed by nearly......
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