GCC Business Jet Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Though the market for business jets remained lucrative in the region in the past decade, countries, like Oman, Kuwait, and Bahrain, observed relatively lower procurement and flight activities pertaining to private jets, mainly due to the space and infrastructure constraints faced by private operators. However, governments are now formulating several initiatives that are bolstering the infrastructure enhancement activities in these countries. Aviation infrastructure development projects in countries, like Oman, Kuwait, and Bahrain, are facilitating more space for private jet FBOs and MRO providers, and charter providers are utilizing this opportunity to add more routes into these countries. The growing opportunities in the aviation sectors of these countries have led to the emergence of several new players. For instance, Oman's National Aviation Strategy 2030 aims to spur a six-fold increase in the aviation sector's contribution to GDP in the next decade through various infrastructure developments. The country also witnessed the emergence of business jet charter startups, like Salalah Air (Salalah) and Al Sharqiya Aviation, in the recent past. At the same time, in Saudi Arabia, where the business jet activities are the highest in the GCC, the airport expansion projects at both the Riyadh and Jeddah airports are expected to allow for more space for private jets, thus, helping the local MRO and FBO providers. Therefore, the growth in investments in aviation infrastructure is expected to bolster the market prospects during the forecast period.