Middle East maintenance sector estimated at USD 11.2bn by 2019 - report.

By bne IntelliNews February 2, 2011
The Middle East maintenance, repair and overhaul industry is expected to grow to USD 11.2bn by 2019 on higher demand forecasts, daily Gulf News said, citing a report by aviation consultants Aero-Strategy. The region has the third highest growth rate behind India and China, the report noted. The air transport subsector is expected to grow by an average of 8.3% a year to USD 4.8bn by the end of 2019. The report said regional business aviation will surge 12.1% to USD 640mn, while military spending will grow by 3.1% a year to USD 5.4bn.

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