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  • Writer's pictureTeam CargoTalk

ME to become soaring air cargo market: Emirates Group



The Middle East is slated to be the soaring air cargo markets in the world in the next decade owing to the economic transformations planned by many Gulf countries, Ahmed bin Saeed Al Maktoum, Chairman and Chief Executive, Emirates Airline and Group said. Many having become key transit hubs for transporting cargo and people, owing to the growth of aviation in Africa and the runaway cargo successes built by countries such as Turkey and several Gulf nations. Maktoum said, “The group is the biggest player in the UAE’s sector and generates an estimated contribution to GDP of over AED 172.5 billion (US$47 billion). With our growth plans, and in line with the Dubai Economic Agenda D33, we expect to significantly increase our contribution to the UAE’s GDP over the next decade.” As per a company release, Emirates SkyCargo contributed 16 per cent of the airline’s revenue despite a reduction in available capacity as aircraft that were temporarily converted into mini freighters during the pandemic returned to full passenger service.

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