Boeing projects the Middle East will require $745 billion in aviation services through 2037 to keep pace with growing passenger and freight traffic in the region, the aviation giant said in a press release Tuesday. The growing fleet requires aviation services, including supply chain support (parts and parts logistics), maintenance and engineering services, and aircraft modification. Boeing’s Services Market Outlook (SMO) 2018-2037 – Middle East Perspective forecasts growing need for services that increase fleet productivity and reduce operating costs. According to the report’s findings, the Middle East will drive more than 8 percent of global demand for aviation services, representing $745 billion, and growing at a projected 4.6 percent annually. “The Middle East is an unmatched location to connect the growing markets of Asia, Europe and Africa.

Source: The North Africa Journal February 13, 2019 00:00 UTC