GCC Aviation Report - Marmore MENA

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High oil prices and sustained government support have turned a few Gulf Cooperative Council (GCC) airlines like Emirates Airways, Qatar Airways, and Etihad into global airlines. The GCC aviation sector has successfully set up a global aviation hub model, which is the transit point of millions of passengers on their way to their final destinations. The explosive passenger traffic in the GCC aviation sector has necessitated the large-scale expansion of existing facilities to cope with the demand. The UAE aviation, in particular, has aggressively pursued this model over the last decade and consequently rapidly climbed up in the international aviation ranking. The story in GCC aviation is not just one of global aspirations, but the catering to existing aviation demand satisfactorily.

In this report we take a look at the current capacity utilisation of GCC aviation sector on a combined basis and also on individual country basis. The report provides details of passenger and cargo volumes at major GCC airports, major airlines of GCC countries, growth drivers for GCC aviation, details of major upcoming GCC aviation projects, and major GCC aviation government regulators. The report is enriched by a detailed country-wise discussion for each GCC country.

Number of Pages: 89
Number of Tables: 35
Number of Charts: 34

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GCC Aviation Report - Marmore MENA

  1. 1. Research Highlights: Examining and analyzing the status of GCC Aviation Sector highlighting the demand, supply and investment trends. The report also presents growth drivers and key learning points. Markaz Infrastructure Report 2013 GCC Aviation Redefining the Global Game
  2. 2. MARKAZ INFRASTRUCTURE RESEARCH GCC Aviation -December 2012 Kuwait Financial Centre S.A.K. “Markaz” 2 Disclaimer This report has been prepared and issued by Kuwait Financial Centre S.A.K (Markaz), which is regulated by the Capital Markets Authority and the Central Bank of Kuwait. The report is owned by Markaz and is privileged and proprietary and is subject to copyrights. Sale of any copies of this report is strictly prohibited. This report cannot be quoted without the prior written consent of Markaz. . Any user after obtaining Markaz permission to use this report must clearly mention the source as “Markaz “. The report is intended to be circulated for general information only and should not to be construed as an offer to buy or sell or a solicitation of an offer to buy or sell any financial instruments or to participate in any particular trading strategy in any jurisdiction. The information and statistical data herein have been obtained from sources we believe to be reliable but no representation or warranty, expressed or implied, is made that such information and data is accurate or complete, and therefore should not be relied upon as such. Opinions, estimates and projections in this report constitute the current judgment of the author as of the date of this report. They do not necessarily reflect the opinion of Markaz and are subject to change without notice. Markaz has no obligation to update, modify or amend this report or to otherwise notify a reader thereof in the event that any matter stated herein, or any opinion, projection, forecast or estimate set forth herein, changes or subsequently becomes inaccurate, or if research on the subject company is withdrawn. This report may not consider the specific investment objectives, financial situation and the particular needs of any specific person who may receive this report. Investors are urged to seek financial advice regarding the appropriateness of investing in any securities or investment strategies discussed or recommended in this report and to understand that statements regarding future prospects may not be realized. Investors should note that income from such securities, if any, may fluctuate and that each security’s price or value may rise or fall. Investors should be able and willing to accept a total or partial loss of their investment. Accordingly, investors may receive back less than originally invested. Past performance is not necessarily indicative of future performance. Kuwait Financial Centre S.A.K (Markaz) may seek to do business, including investment banking deals, with companies covered in its research reports. As a result, investors should be aware that the firm may have a conflict of interest that could affect the objectivity of this report. This report may provide the addresses of, or contain hyperlinks to, websites. Except to the extent to which the report refers to website material of Markaz, Markaz has not reviewed the linked site and takes no responsibility for the content contained therein. Such address or hyperlink (including addresses or hyperlinks to Markaz’s own website material) is provided solely for your convenience and information and the content of the linked site does not in any way form part of this document. Accessing such website or following such link through this report or Markaz’s website shall be at your own risk. For further information, please contact ‘Markaz’ at P.O. Box 23444, Safat 13095, Kuwait ; Email: research@markaz.com ; Tel: 00965 1804800; Fax: 00965 22450647.
  3. 3. MARKAZ INFRASTRUCTURE RESEARCH GCC Aviation -December 2012 Kuwait Financial Centre S.A.K. “Markaz” 3 Table of Contents Executive Summary ...................................................................................................................... 7  Overview ...................................................................................................................................... 9  Airports Economics ..................................................................................................................... 11  Airports Management ................................................................................................................ 14  GCC Airports ............................................................................................................................... 16  Passenger Traffic, Cargo Volumes, and Projects Country Wise ................................................... 23  Saudi Arabia ............................................................................................................................... 25  Saudi Arabia Aviation Sector: An Introduction ..................................................................................... 25  Growth Drivers in the KSA Aviation Sector ........................................................................................... 25  Major Airlines of Saudi Arabia ............................................................................................................. 27  International Airports in Saudi Arabia .................................................................................................. 30  Major Domestic Airports in Saudi Arabia ............................................................................................. 38  Government regulators ....................................................................................................................... 45  UAE ............................................................................................................................................ 48  UAE Aviation‐ An Introduction ............................................................................................................. 48  UAE Aviation Sector:  Historical Background ........................................................................................ 50  Current Economics of the Sector .......................................................................................................... 53  Demand Drivers in the UAE Aviation Sector ......................................................................................... 54  Major Airlines of UAE .......................................................................................................................... 56  Major Airports in UAE .......................................................................................................................... 58  Government regulators & Other Important Aviation Sector Organizations in UAE ............................... 70  Qatar ......................................................................................................................................... 74  Current status and trends .................................................................................................................... 74  Upcoming Projects in Qatar ................................................................................................................. 74  Kuwait ........................................................................................................................................ 75  Current status and trends .................................................................................................................... 75  High Potential for Growth .................................................................................................................... 76  Upcoming projects in Kuwait ............................................................................................................... 76  Bahrain ...................................................................................................................................... 78  Current status and trends .................................................................................................................... 78  Upcoming projects in Bahrain .............................................................................................................. 78  Defining events .................................................................................................................................... 78 
  4. 4. MARKAZ INFRASTRUCTURE RESEARCH GCC Aviation -December 2012 Kuwait Financial Centre S.A.K. “Markaz” 4 Oman ......................................................................................................................................... 79  Current status and trends .................................................................................................................... 79  Upcoming projects in Oman ................................................................................................................. 79  Key events in Oman ............................................................................................................................. 80  Conclusion ........................................................................................................................................... 81  Key Learning Points .................................................................................................................... 82  Annexure: ................................................................................................................................... 84  Appendix .................................................................................................................................... 89 
  5. 5. MARKAZ INFRASTRUCTURE RESEARCH GCC Aviation -December 2012 Kuwait Financial Centre S.A.K. “Markaz” 5 Tables  Charts  1  Summary Forecast to 2015 1  GCC airports passenger volume. (‘000) 2  Passenger (Pax) volumes GCC countries (2002–2011) 2  GCC airports cargo volume. 3  Aircraft deliveries by region between 2010 and 2011 3  Passenger forecast of the three major GCC airlines 4  Aviation sector profitability (last 40 years) 4  Growth in Passenger traffic at JED 5  Main airports and airlines in the GCC 5  Growth in Cargo at JED 6  New aircraft deliveries up to 2028 (above 100 seats) 6  Growth in Passenger traffic at DMM 7  Low-cost carriers in GCC countries 7  Growth in Cargo at DMM 8  Passenger volume growth country wise for the period 2002–2011 8  Growth in Passenger traffic at RUH 9  Cargo volume growth by country for the period 2002–2011 9  Growth in Cargo at RUH 10  Saudia network summary: 03-Jun-2012 10  Growth in Passenger traffic at MED 11  Estimation of Passengers Flown by Saudi Airlines and NAS Airlines 11  Growth in Cargo at MED 12  Details of flights, passengers and Cargo at International Airports 12  Growth in Passenger traffic at AHB 13  Airport Expansion Projects at King Abdulaziz International Airport : Jeddah 13  Growth in Cargo at AHB 14  Airport Expansion Projects at King Khalid International Airport: Riyadh 14  Growth in Passenger traffic at GIZ 15  Airport Expansion Projects at Prince Mohammad Bin Abdulaziz International Airport: Madinah 15  Growth in Cargo at GIZ 16  Airport Expansion Projects at Abha Regional Airport 16  Growth in Passenger traffic at TUU 17  Airport Expansion Projects at Prince Nayef Bin Abdulaziz Regional Airport (ELQ) 17  Growth in Cargo at TUU 18  SWOT Analysis of KSA Aviation Sector 18  Growth in Passenger traffic at ELQ 19  Airport Expansion Projects in Dubai at execution stage 19  Growth in Cargo at ELQ 20  Airport Expansion Projects in Abu Dhabi 20  Growth in Passenger traffic at EAM 21  Airport Expansion Projects in Sharjah at execution stage 21  Growth in Cargo at EAM 22  Airport Expansion Projects in Ras Al Khaimah at Study Stage 22  Time Line for opening of various Airports 23  Airport Expansion Projects in Fujairah 23  Top 12 Busiest Airports in the world in terms of passenger traffic 24  Passenger volume growth (Qatar) for the period 2002– 2011 24  Top 10 Busiest Airports in the world in terms of passenger traffic. (Jan to April 2012) 25  Passenger volume growth (Kuwait) for the period 2002– 2011 25  Growth in Passenger Traffic US (ATL) and London (LHR) and DXB 26  Passenger volume growth (Bahrain) 2002–2010 26  Top 10 busiest airports in the world in terms of cargo volume 27  Passenger volume growth (Oman) for the period 2002– 2011 27  Growth in Cargo Volume at DXB 28  Details of Passenger Traffic and Cargo Volume at Domestic Airports of Saudi Arabia 28  Timeline for Dubai International Airport Development 29  Details of Various Aviation Projects of Saudi Arabia 29  Growth in Passenger Traffic at AUH 30  Landing Charges - Dubai International Airport 30  Growth in Cargo Volume at AUH 31  Aircraft Parking Charges - Dubai International Airport 31  Growth in Passenger Traffic at Sharjah International Airport 32  Aerobridge occupancy charges - Dubai International Airport 32  Cargo Volume at Sharjah International Airport 33  Landing Charges - Al Maktoum International Airport 33  Air Craft Movement at Sharjah International Airport 34  Aircraft Parking Charges - Al Maktoum International Airport 34  Dubai Aviation Ownership Structure 35  Fire Coverage charge - Al Maktoum International Airport      
  6. 6. MARKAZ INFRASTRUCTURE RESEARCH GCC Aviation -December 2012 Kuwait Financial Centre S.A.K. “Markaz” 6   Cost of the full report: $500 For payment details please write to: info@e-marmore.com Or Kindly use our online payment gateway at www.e-marmore.com
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