The GCC is instrumental to the continued expansion of the Middle East business aviation market, which is the fastest growing in the world, one of the industry's leading players has said. Ali Al Naqbi, founding chairman of the Middle East Business Aviation Association (MEBAA), talking ahead of the Middle East Business Aviation (MEBA) Show said growth rates of 15%-20% per annum were predicted for the regional business jets market with a predicted overall value of over $1bn by 2012.