## Emirates Group: A Driving Force Behind Dubai’s Economic Success
The Emirates Group, under the leadership of His Highness Sheikh Ahmed bin Saeed Al Maktoum, stands as a testament to the power of vision and execution in the world of aviation. Emirates, the largest and most profitable all-international airline globally, and dnata, a leading provider of air transport services, operate across six continents, solidifying their position as key players in the global aviation landscape. This remarkable success story is not a coincidence; it is a direct result of a master plan meticulously crafted by His Highness Sheikh Mohammed bin Rashid Al Maktoum, UAE Vice President, Prime Minister, and Ruler of Dubai.
The story of Emirates’ inception in 1985 with a mere US$10 million investment is legendary. Sheikh Mohammed’s clear vision for the fledgling airline was simple yet powerful: professionalism, exceptional performance, self-sufficiency, and unwavering commitment to excellence. These guiding principles have been the cornerstone of the Emirates Group’s philosophy, shaping its trajectory towards becoming a global leader.
Emirates’ ascent to global recognition was instrumental in establishing Dubai on the world stage. As the airline thrived, Dubai’s commitment to economic diversification and growth attracted a surge in international visitors, further fueling demand for Emirates’ services. This symbiotic relationship between Emirates and Dubai has propelled both entities to unprecedented heights, demonstrating the power of shared ambition.
After 39 years of unwavering dedication, Emirates has not only delivered billions in dividends to its shareholders but has also had a profound impact on Dubai’s economy. According to a recent Oxford Economics report, aviation contributed a remarkable 27% of Dubai’s GDP in 2023, generating AED 137 billion in gross value. The Emirates Group’s core impact, accounting for AED 75 billion, represents a significant 15% of Dubai’s GDP. This includes the direct impact of its operations, the indirect contributions through its partnerships and suppliers, and the induced effect from the spending of its 81,000 employees and their families in the UAE.
Aviation remains a crucial pillar in Dubai’s ambitious vision of becoming a global hub for tourism, commerce, and investment. In 2023, Dubai welcomed over 17 million visitors, and Emirates played a pivotal role in carrying 54% of all international visitors arriving by air. This activity generated an additional AED 23 billion in tourism-related GVA. In total, Emirates’ contribution to Dubai’s economy in 2023 reached AED 98 billion in GVA, representing an impressive 19% of the city’s GDP.
Looking towards the future, Oxford Economics projects that by 2030, the Emirates Group’s contribution to Dubai’s economy will rise to AED 144 billion, representing 24% of the city’s expected GDP. These projections do not even account for the future impact of the massive Al Maktoum International Airport, which will be the largest in the world upon completion. Set to become Emirates’ new home by the mid-2030s, this state-of-the-art facility will provide the capacity needed to support the Emirates Group’s continued growth and meet future travel demand, further driving Dubai’s expansion.
Dubai’s success in aviation is not simply a triumph for the city but has global implications. The Emirates Group’s innovative business models have spurred advancements in aircraft design, products, technologies, and services. By nurturing aviation expertise in the region, Emirates has contributed to the growth of the industry in neighboring markets, transforming the movement of people and goods across the globe. This progress has created jobs and delivered value to consumers, businesses, and communities worldwide.
The Emirates Group’s success story is a testament to the power of vision, strategic execution, and a unwavering commitment to excellence. As Dubai continues to evolve into a global hub, the Emirates Group will continue to play a vital role in driving its economic growth and solidifying its position as a world leader.