MRO industry to see steady growth in Middle East

22 January 2009

The Middle East MRO (maintenance, repair and overhaul) industry will see steady growth of 4.4% and reach $3.4bn by 2018 as compared to $2.8bn in 2008, experts said the at inaugural MRO Middle East Conference and Exhibition in Dubai on Wednesday. This year, the global MRO will be down between 4% and 8% from 2008 as airlines have generally reduced capacity worldwide specially in North America and West Europe, said Chris Doan, President & CEO of Team SAI Consulting Services. However, the long-term outlook for the MRO industry remains positive as global growth is expected to be maintained at 4.3% CAGR through 2018 worth $68.6bn as compared to $45.1bn in 2008.

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