Executive Briefings

Dubai World Central Pursues Investment from U.S. in MRO Sector

A delegation from Dubai World Central (DWC) recently concluded a roadshow in the U.S. that aimed to open discussions with key industry players and initiate the creation of an integrated maintenance, repair and overhaul (MRO) services supply chain in DWC's Aviation District.

The delegation signed an agreement with the North Texas District Export Council (NTDEC) to facilitate MRO investments by U.S. companies in DWC.

The roadshow included high-level meetings with leading players in component overhaul, line maintenance, avionics overhaul and repair and OEM. The DWC delegation also initiated discussions to establish MROs for different purposes ranging from business jet and medical outfit to "build to suit" solutions.

"We are working with an eye on the future, in line with the vision of the government and DWC's mission. Dubai World Central is destined to be the future hub for business activities, especially with the increasing importance of aviation as a key component in the UAE's economic growth plan. We therefore need to develop the world's most attractive hub for key players in the MRO sector. We are confident that leading aerospace companies will find DWC the perfect location for their companies to take advantage of the growing demand for aviation services in the MEA and Asia regions," said Rashed Bu Qara'a, chief operating officer, Dubai Aviation City Corporation.

The market for MRO services in the Middle East is expected to reach a value of $11.2bn by 2019, sustaining a 5.3 percent compounded annual growth rate, according to a study by Aero Strategy-OAG Aviation. Moreover, the global civil aviation MRO supply chain was estimated to be worth $65bn in 2012, with the MEA and Asia Pacific region collectively accounting for 32 percent of the market.

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The delegation signed an agreement with the North Texas District Export Council (NTDEC) to facilitate MRO investments by U.S. companies in DWC.

The roadshow included high-level meetings with leading players in component overhaul, line maintenance, avionics overhaul and repair and OEM. The DWC delegation also initiated discussions to establish MROs for different purposes ranging from business jet and medical outfit to "build to suit" solutions.

"We are working with an eye on the future, in line with the vision of the government and DWC's mission. Dubai World Central is destined to be the future hub for business activities, especially with the increasing importance of aviation as a key component in the UAE's economic growth plan. We therefore need to develop the world's most attractive hub for key players in the MRO sector. We are confident that leading aerospace companies will find DWC the perfect location for their companies to take advantage of the growing demand for aviation services in the MEA and Asia regions," said Rashed Bu Qara'a, chief operating officer, Dubai Aviation City Corporation.

The market for MRO services in the Middle East is expected to reach a value of $11.2bn by 2019, sustaining a 5.3 percent compounded annual growth rate, according to a study by Aero Strategy-OAG Aviation. Moreover, the global civil aviation MRO supply chain was estimated to be worth $65bn in 2012, with the MEA and Asia Pacific region collectively accounting for 32 percent of the market.

Read Full Article