Boeing has forecast airlines in the Middle East will require 3,180 new airplanes over the next 20 years, valued at an estimated $730 billion.
Some 70 per cent of this demand is expected to be driven by rapid fleet expansion in the region.
According to the Boeing Current Market Outlook, single-aisle airplanes will command the largest share of new deliveries, with airlines in the region needing approximately 1,410 airplanes.
These new airplanes will continue to stimulate growth for low-cost carriers and replace older, less-efficient airplanes.
â€œTraffic growth in the Middle East continues to grow at a healthy rate and is expected to grow 6.2 per cent annually during the next 20 years,â€ said Randy Tinseth, vice president, marketing, Boeing Commercial Airplanes.
â€œThis geographic position, coupled with diverse business strategies and investment in infrastructure is allowing carriers in the Middle East to aggregate traffic at their hubs and offer one-stop service between many city pairs that would not otherwise enjoy such direct itineraries.â€
Twin-aisle aircraft will account for a little under half of the regionâ€™s new airplane deliveries over the 20-year period, compared to 23 per cent globally.
Boeingâ€™s Commercial Aviation Services is a leading provider of aftermarket services in the Middle East, supporting airlines throughout the lifecycle of their fleets from airplane introduction to retirement.