UAE Intends to Spend $136 Billion On The Aviation Industry

Emirates-airlineIn a continuing strategy to diversify its economy, The UAE will develop its aviation industry with an investment of 136 billion dollars during the coming ten years.

The United Arab Emirate wanted to capitalize on its transport and communications infrastructure, explained Sultan bin Saeed Al-Mansouri. During the first half of 2010, air traffic in the UAE rose by 11.5 percent.

In 2009, Boeing and Abu Dhabi’s government-sponsored investment company signed an agreement to help the emirate establish its beginning aerospace industry.