Boeing estimates that Middle East airlines will require 3,000 new planes worth $700 billion over the next two decades. This is on top of the $740 billion in aftermarket services, such as maintenance and repair.

According to the manufacturer, the region is well-positioned to benefit from the rebound in international tourism and freight demand.

Market Outlook (CMO), which forecasts demand for commercial aeroplanes and services over the next 20 years. According to the CMO, Middle East passenger traffic and the region’s commercial fleet are expected to more than double over the next 20 years.

More than two-thirds of plane supplies to the Middle East will accommodate expansion, while a third will replace older planes with more fuel-efficient versions.

Boeing managing director of commercial marketing for the Middle East, Randy Heisey, stated: “The Middle East region’s role as a global connecting hub continues to be important for developing markets to and from south-east Asia, China and Africa.”

“The region has been a leader in restoring confident passenger travel through multi-faceted initiatives that aid international travel recovery.”

The Middle East airline cargo fleet is expected to nearly double from 80 planes in 2019 to 150 by 2040, presenting a continued potential for the region’s carriers.

Notably, air cargo traffic flown by Middle Eastern carriers has surged by about 20% since 2020, with the area home to two of the world’s top-five cargo carriers.

– India’s new age travel digital media