Gulf airports making pricey investments in security
In the last decade, Gulf airports recorded a ten per cent CAGR (compound annual growth rate) in air traffic.
Gulf states are investing heavily in airport security to avoid potential risks and threats, according to a statement on Wednesday by the organisers of the Airport Show, which will be held from May 11-13, 2014.
As air travel continues to grow, governments and aviation enforcement authorities are employing strict safety measures that will counter risks and threats before they happen while limiting passengers’ inconvenience, the organisers stated, citing Dubai International airport’s example, which has over 4,000 security personnel and more than 7,000 advanced cameras.
An efficient security solution is needed to safeguard the entire airport network, according to a study by Global Industry Analysts. Titled Airport Security Equipment: A Global Strategic Business Report, the study states that the security solution should cover the outer perimeter, to identify anomalies, and inside the airport, to detect intruders.
“We have seen airport security remain a cornerstone of regional airport expansion and modernisation. There is a huge business potential for international suppliers in the region as airport officials look at deploying the most innovative and advanced global security technologies at their facilities,” Daniyal Qureshi, director of the Airport Show, said in a statement.
It is estimated that the global aviation security market is valued at $22 billion. Gulf airports aim to attract 450 million passengers a year by 2020. Regional air traffic movements are expected to cross 2.3 million by 2025.
- Al Tayer bucks the US department store trend with Bloomingdale's Kuwait opening
- Gulf Islamic banks set to outperform conventional banks for second year: Moody's
- Jordan secures EU finance for socioeconomic and environmental programs
- Same-day service deliveries in GCC an untapped market: Wing CEO
- Will terror attacks damper Arabs' appetite for European holidays?
- Gulf airports make heavy investments in security
- Ensphere Solutions Secures $4 Million Investment from Ideavelopers
- Making waves in the Gulf: Will questions over Qatar's Islamist support dismantle the GCC?
- GCC Investment Strategy and Sectors Outlook for 2006
- Egypt suspends flights to Yemen amid worsening security situation