GCAA Launches 2nd Global Investment in Aviation Summit, 27-29 Jan. 2020

The General Civil Aviation Authority (GCAA) has announced the launch of the second edition of its Global Investment in Aviation Summit (GIAS) under the theme ‘Enabling global aviation growth through fundraising and key partnership’. The upcoming summit at Madinat Jumeirah, Dubai, on 27- 29 January 2020, aims at exchanging expertise and knowledge between officials and aviation industry experts and forging partnerships that support the aviation investment sector globally.

The organizing committee of GIAS 2020 announced the details of the summit in the presence of His Excellency Saif Mohamed Al Suwaidi, Director-General of the GCAA, and Nadia Al Maazmi, GIAS Platform Director, at a heavily attended press conference in the Armani Hotel Dubai, Burj Khalifa, on Sunday. 

Reiterating UAE’s commitment to strengthening the aviation industry around the globe, Al Suwaidi, the Director-General of the GCAA, said, “The Authority has achieved remarkable progress by adopting the latest initiatives and through the completion of many innovative projects, including the modernization of its Air Traffic Control Center, to serve the commendable growth of the aviation sector in the country.”

Al Suwaidi added: “By organizing this summit, GCAA becomes a global platform for more than 1,200 international participants, including 200 aviation investors, to exchange their views and discuss market trends that can develop mechanisms to channel more investments into the aviation sector and support the global economy and support its growth and sustainability.”

Quoting a International Civil Aviation Organization report, he said that global passenger traffic is expected to grow 4.3% annually from 2015 to 2035, 0.3 percentage points less than the previous forecast, which accounted for 4.6% annually from 2012 to 2032. The difference is mainly due to the economic growth predicted for China and the Middle East (overriding higher growth in Europe). All route groups involving Central Southwest Asia are among the Top 10 fastest growing , and Central South West Asia – North Asia is estimated to have the highest growth rate at 7.2% annually up to 2035.

Al Suwaidi highlighted the roles of strategic partners, among them the Ministry of Economy, Fujairah Aviation Academy as well as sponsors like Vimana, Indra and Egis, who play a crucial role in making GIAS a unique global aviation event.

Nadia Al Maazmi, GIAS Platform Director, said, “The agenda of the summit also includes a range of workshops, where participants can showcase their projects before potential investors and project managers. The aim is to provide participants with valuable insights they will need to establish their best investment decisions.”

Al Maazmi highlighted other features of GIAS 2020, such as the panel discussions at the upcoming summit, two at the ministerial level, and another involving heads of transport authorities.  ‘Aviation Optimization Vision and Strategies,’ ‘Best Government Achievements in Aviation Partnerships and Investments,’ and ‘Future Airport Investments: Challenges and Good Practices’ are among the topics of discussion set for the summit.

GIAS 2020 will continue to showcase its business incubator Intelak that was launched in the previous edition to help startups to become part of the global aviation industry. The training programs and workshops at Intelak provide participants with the opportunity to rub shoulders with experts and gain relevant knowledge in the aviation sector on the sidelines of the event, and build long-term relations with key stakeholders.

Al Maazmi gave an overview of the previous edition that saw presentation of investment projects exceeding $200 billion, $50 million estimated project funding, and allocation of more than $150 million in indirect investments. As many as 828 participants, including 80 speakers, eight ministers of state, 120 investors, 35 startups, and 387 international organizations were present at GIAS 2019.

 

Global Investment in Aviation Summit was launched in 2018 to establish a socioeconomic sustainable civil aviation system. Organised by Strategic Conferences and Exhibitions, GIAS has seen a participation of more than 850 international delegates and 120 investors from 60 countries, including Saudi Arabia, US, UK, India, Germany, France. For more details visit https://www.gias.ae/

Strategic Exhibitions and Conference: Since its inception in 2000, Strategic Exhibitions & Conference is the trusted partner for many government entities in developing and managing high-profile conferences and events in the UAE. We are associated with Annual Investment Meeting, World Tolerance Summit, Global Investment in Aviation Summit, International Property Show, Dubai Investment Week and many more.

Above was cited from this link.if you have any question,please contact them.http://georgiatoday.ge/news/17309/GCAA-Launches-2nd-Global-Investment-in-Aviation-Summit%2C-27-29-Jan.-2020