Dubai Airport Boss Warns Tough Year Ahead After 2020 Passenger Numbers Slide 70%

FILE PHOTO: Emirates Airlines aircrafts are seen at Dubai International Airport, United Arab Emirates May 10, 2016. REUTERS/Ashraf Mohammad/File photo
FILE PHOTO: Emirates Airlines aircrafts are seen at Dubai International Airport, United Arab Emirates May 10, 2016. REUTERS/Ashraf Mohammad/File photo
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Dubai Airport Boss Warns Tough Year Ahead After 2020 Passenger Numbers Slide 70%

FILE PHOTO: Emirates Airlines aircrafts are seen at Dubai International Airport, United Arab Emirates May 10, 2016. REUTERS/Ashraf Mohammad/File photo
FILE PHOTO: Emirates Airlines aircrafts are seen at Dubai International Airport, United Arab Emirates May 10, 2016. REUTERS/Ashraf Mohammad/File photo

Dubai Airports' chief executive warned on Monday it would be another tough year for the Middle East's busiest airport, Dubai International, after passenger numbers slid 70% in 2020.

The airport, the hub for airline Emirates and a major source of income for Dubai, handled 25.9 million passengers last year, mostly in the first quarter before the COVID-19 pandemic struck.

"We are planning for it to be a tough year. That's undoubtedly the case ... anyone that doesn't think it's going to be a tough year has clearly not being observing what's been going on," CEO Paul Griffiths told Reuters.

The number of flights handled in 2020 fell 51.4% to 183,993 while the amount of cargo dropped 23.2% to 1.9 million tonnes.

Aviation executives and analysts expect it will take years for the industry to recover, with international travel restrictions continuing to hit global demand.

Griffiths, who has run state operator Dubai Airports since 2007, said he was optimistic travel demand would increase as vaccine rollout program gathered pace globally.

That could see Dubai airport handle more passengers this year than in 2020, though he cautioned it would be a "long time" before the airport returns to pre-pandemic figures.

"Intercontinental travel will continue to be a challenge."

Dubai was the world's fourth busiest airport in 2019, according to industry group Airports Council International.

Last year's 25.9 million passengers would have failed to qualify for the top 20 airports by passengers in 2019.

There has been no unified global approach to tackling the deadly pandemic that has killed over 2.5 million.

That, compounded with fears of contracting the virus, has crippled the travel industry as countries have closed borders and imposed tough entry restrictions.

Griffiths said countries should move to "secure risk management" strategy as opposed to "risk avoidance" where tough measures have been focused on eliminating the virus.



Saudi Arabia’s Non-Oil Industrial Sector Grows 5.3% in 2024

Saudi flags along a street in the capital, Riyadh (Reuters) 
Saudi flags along a street in the capital, Riyadh (Reuters) 
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Saudi Arabia’s Non-Oil Industrial Sector Grows 5.3% in 2024

Saudi flags along a street in the capital, Riyadh (Reuters) 
Saudi flags along a street in the capital, Riyadh (Reuters) 

Saudi Arabia’s non-oil industrial sector recorded a strong 5.3% growth in 2024, underlining the Kingdom’s ongoing progress in diversifying its economy in line with the Vision 2030 agenda. The latest figures from the General Authority for Statistics (GASTAT) reveal that this growth was largely driven by manufacturing, utilities, and infrastructure development.

Despite the robust performance of the non-oil sector, overall industrial production declined by 2.3% compared to 2023. This contraction was mainly due to a 5.2% drop in oil-related activities, following the Kingdom’s adherence to OPEC+ oil production cuts. As a result, mining and quarrying shrunk by 6.8%.

Manufacturing expanded by 4.7% year-on-year, with food production up 6.2% and chemical manufacturing, including refined petroleum products, rising by 2.8%. These gains reflect increasing industrial capacity and rising demand in both domestic and export markets.

Other areas of growth included utilities and public services. Electricity, gas, steam, and air conditioning activities grew by 3.5%, while water supply, sewage, and waste management services posted a 1.6% increase.

Minister of Economy and Planning Faisal Alibrahim recently stated that non-oil activities now account for 53% of the Kingdom’s real GDP, compared to significantly lower levels before the launch of Vision 2030. He also noted a 70% increase in private investment in non-oil sectors over the same period.

The Kingdom’s non-oil exports reached SAR 515 billion (approximately $137 billion) in 2024, marking a 13% rise over 2023 and a 113% increase since 2016. Export growth spanned petrochemical and non-petrochemical products, with merchandise exports alone totaling SAR 217 billion.

According to a recent World Bank report, Saudi Arabia’s economy grew by 1.8% in 2024, up from 0.3% in 2023. While oil-sector output fell 3%, the non-oil economy expanded by 3.7%, cushioning the broader economy from energy market volatility. The World Bank forecasts continued growth, projecting a 2.8% increase in 2025 and an average of 4.6% annually through 2026 and 2027.