April 16, 2015
- ABOUT ICD
- INVESTOR RELATIONS
- MEDIA CENTRE
- CONTACT US
The rise of the transportation sector in Dubai mirrored and accelerated the emirate’s growth and economic expansion. In 1985, the first Emirates Airlines flight took off from Dubai International Airport, launching what would become one of the world’s best airlines that to this day redefines the experience of flying.
In the 30 years since Emirates Airlines was founded, the transportation, and especially, aviation sector has grown exponentially. It has positioned Dubai at the heart of the world and the global economy. According to an Oxford Economics Report commissioned by Dubai Airports, for every 100 jobs created in the aviation sector, an additional 116 jobs are created elsewhere in Dubai, and for every $100 of aviation activity, a further $72 is added in other sectors of the local economy from supply chain connections and expenditures.
ICD’s investments in this segment include three companies that have, in tandem with Emirates Airlines, set the foundation for Dubai’s leadership in this sector: dnata, one of the world’s largest air service providers, and Dubai Aerospace Enterprise (DAE), a key contributor to Dubai’s success in the aviation sector and the leading aircraft lessor in the Middle East with a portfolio of 71 aircrafts and flydubai which has created a network of more than 96 destinations across 45 countries and operates on average more than 1,600 flights a week since launching its operations in 2009.