Dubai Airshow: Record-breaking number of deals to be completed
A record-breaking number of deals will be finalised at this year’s Dubai Airshow, it has been predicted.
Doug Emslie, a director for the parent company of the show’s organisers, believes that more than $155 billion worth of deals will be completed by the time the week-long show ends.
A number of big orders have already been placed in the opening days of the event – with Emirates, Etihad Airways and Qatar Airways amongst the commercial airline companies making large investments.
Gulfbusiness.com reports that there is a lot of media interest surrounding what country the United Arab Emirates (UAE) will choose to supply its fighter jets. Britain and France are reportedly the two favourites to seal the deal.
Whichever way the decision goes, the show has become hugely valuable for the local economy. In an interview with bbc.co.uk, Mr Emslie described just how important that this week had become for the nation.
“We are seeing a massive shift in buying power to the Middle East and Asia. It is makes sense that people will come to where the buyers are,” he said. “This week will be pivotal in the history of the show. It will be the tipping point that confirms Dubai as the meeting place for the global aerospace industry.”