Hight- Altitude Summit
| ICONIC EVENT | Asia Bernardini
lThe first “Global Investment in Aviation Summit” concluded Tuesday, January 29 at the Dubai InterContinental Festival City Hotel and in attendance were many from the aviation industry, 750 investors, leaders, government officials, financiers, and key aviation stakeholders from around the world. The “Global Investment in Aviation Summit” is an initiative of the General Civil Aviation Authority (GCAA) and was launched under the theme “Linking Developed and Emerging Markets through Attractive Aviation Investment Opportunities.” Engineer and Sultan Al Mansoori appreciated the distinguished attendance at the summit which included ministers, several officials, and important international aviation companies, underlining the importance of the summit to highlight the vitality of aviation and the air cargo sector, as well as enhancing the position of the United Arab Emirates as a pioneering country in the aviation sector. H.E. Saif Mohammed Al Suwaidi, Director General of the GCAA thanked all participants, government officials, and dignitaries for their support in the summit during the closing ceremony and called for participation in the second round in Abu Dhabi next year.
“The United Arab Emirates enjoys a privileged position as it is considered an incubator for the Gulf market, and planning partner for development in the aviation community, through planning for the future and studying the recent aviation needs that are expanding rapidly as well as continued efforts to create investors and network partners who are willing to explore new markets such as aviation medicine, data monetization, Artificial Intelligence, and more,” Al Suwaidi added. The summit panel “Aviation Training
Global Investment Opportunities” was one of the summit’s highlights led by Ahmad Al Jallaf, Assistant Director-General – Air Navigation Services Sector (GCAA), a key personality in the UAE aviation sector and the winner of the Aviation Executive of the Year 2018 in the Middle East Aviation Business Awards. Al Jallaf said, “The discussion
held in the session is a vital element to attract foreign direct investment on aviation training, and towards adopting solutions in education to achieve sustainable growth and enhance social responsibility to create new opportunities in the sector, like with specialized jobs such as Air Traffic Controllers.”
The panel discussed aviation training methods and their importance, as well as emerging investment opportunities offeredby the aviation sector. The final day featured three other panel discussions aimed at improving investments in aviation. The first session dealt with Global Investment in Aviation and its Trends, with the presence of Jamal Saif Al Jarwan, Secretary General of the UAE International Investors Council, Tahnoon Saif, CEO of Mohammed bin Rashid Aerospace Hub, formerly known as Dubai South Aviation District, Lee Lawrence, Chief Investment Officer at Tarabot Investment & Development, Tiago Lopes, Senior Engineer at the European Investment Bank (EIB), Peter Fuhrman, CEO of China First Capital, and Vasgen Edwards, Managing Director for the Middle East and Africa at Boeing Capital Corporation. The second panel discussion titled “Urban Space the New Frontier, Future is Now, Where to Invest” was moderated by Alexander Nase, Global Managing Director at FEV Consulting, Evgeni Borisov, CEO of Vimana Global, Gregor Grandl, Senior Partner at Porsche Consulting GmbH, Diana Seagull, VP of Mobility Programs at Aurora Flight Science, and Khaled Al Awadhi, Director of Transportation System Department of Dubai Roads and Transport Authority. The last panel titled “Where’s the Gold in Aviation Value Chain?” discussed the development of new sectors and destination perspectives, and where to invest in order to achieve sustainable growth. It was moderated by Katerina Sevcikova Urbanova, Chief Editor of Aerospace Magazine and was led by Achuzie K. Ezenagu, CEO of Toucan Aviation, Max Kamenetsky, Senior Product Manager at Loon, and Sibongile Sambo, owner of SRS Aviation. GIAS’19 is considered a qualitative leap in the aviation industry, with an estimated global investment reaching $1.8 trillion by 2030. With a steady growth rate of 4.3% per annum, and supported by the continued global aircraft maintenance market, this steady growth will be attributed to the successive developments in the market as well as increasing air travel demand around the world, especially in India, China, and the Middle East.